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

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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