Connect with us

Blogs

Tron transaction volume will eclipse those of ETH once DApps are introduced

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

The fact of the matter is that the Mainnet of the Tron (TRX) project is still not yet complete. The last phase of the Mainnet integration will be completed on the 30th of August. We currently have the Tron Virtual Machine that has been running smoothly since its release on the 30th of June. This means that the existing 19 Decentralized Apps linked to Tron might not have been migrated to the Mainnet at the moment of writing this. Once the Mainnet is 100% certified as being complete, then its lights, camera, and action for the Tron Platform.

The 19 DApps backed by Tron include Peiwo, Game.com, Odyssey, Gifto, Kitty Live, Mico Team, Baofeng Xinying, GSC Team, SAMY, DRadio, TronWallet, PandaFun, Task, NextGenius, Tron Monster Miners, TRXPLORER, Multicurrency Index and Decentronland.

The platform currently is handling 173,981 transactions as per TronScan and at the moment of writing this. Ethereum is currently handling 648,565 transactions per day also at the moment of writing this. The ETH platform currently has 1,784 DApps running on it. Ethereum’s daily active users on these DApps is currently around 10,000 and they take up 60,000 transactions per day of the mentioned 648,565 (9.25%)

Going back to the Tron DApps, Peiwo alone has over 10 Million users. This means that once the entire DApp is migrated onto the Tron Mainnet, the transactions per day on the platform will increase in an instant. Using the provided stats of the Tron mainnet being able to handle 2,000 transactions per second, this translates to 172,800,000 transactions per day at full throttle. This extinguishing any fears as to whether the Tron mainnet will handle such high volumes of transactions as DApps migrate onto the platform.

In conclusion, the Tron Mainnet is yet to have any official DApps built on it or migrated onto the platform from the Ethereum network. Once that happens, the daily transactions per day will increase and so will the demand for TRX. The digital asset will be the base currency in all these DApps. Therefore, a price increment will be evident in the coming months as DApps start being built or migrated onto the Tron Platform. Just keep on HODLing, TRX is sure to put on a show with time. The project even has plans to become the Google of Blockchain.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

Continue Reading

Blogs

3 Coins with the Largest Potential in 2019

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

Continue Reading

Blogs

Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

Published

on

crypto projects
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

Continue Reading

Elite