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

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Tron
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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.

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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.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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