The late Apple co-founder, Steve Jobs, was meticulous and particular about how Apple products would look and function. Some had even branded him as a perfectionist with an eye for innovation. He was also a visionary and believed that creativity should not be curtailed in the development of a consumer product. The same visionary characteristic can be seen in the CEO of the Tron (TRX) project, Justin Sun. During the launch of Tron’s Testnets and Mainnet, we saw how he was keen on every detail of the project including constant updates to the Tron fans in a relaxed manner via social media.
It is with such a brief background of the late Legendary Steve Jobs and the Apple company he built, that one can also compare the Tron (TRX) Project to a young Apple company in the late 80s and 90s. Back then, the Apple company was not reinventing the wheel with the Macintosh computer, but rather, they improved on an already existing concept and personalized it for the user. The machine had color graphics as well as developer capability.
Looking at the Tron Mainnet and the about to be released Tron Virtual Machine, we see that it is a bud of the Ethereum platform. There is nothing much different apart from the fact that the Mainnet has 2,000 transactions per second and that transactions on the Tron Mainnet will be free to a certain degree. Any user or DApps that wishes to use the bandwidth of the network that exceeds the ‘free zone’, will be charged extra.
Once the Tron Mainnet and the Tron Virtual Machine are adopted by smart contract developers, here is where the next stage of the Tron Project will begin: massive adoption. The massive adoption will include preferring the Tron Network for DApps and possibly ICOs as well as the yet to materialize concept of decentralizing the web. The possibilities of the Tron project are endless the same way the Apple company has stayed afloat for over 30 years through the release of revolutionary consumer-friendly products.
Apple has continually exceeded expectations by releasing hit product after hit product. Signature products of the company include the iPod, iPhone, Macbook, iPad, just to name a few. The Tron project is sure to release numerous DApps in the future as well as utilize BitTorrent in the grand scheme of things. There is also the added question as to how the adult industry – through Pornhub – will take the Tron Mainnet to a higher level.
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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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XRP Surges By 8% In A Surprise Bull Run
The new price surge that surrounded almost the entire crypto market brought quite a pleasant surprise for XRP holders, as Ripple grew in price by over 8% in the last 24 hours. In fact, XRP managed to achieve a price surge equal to that of Ethereum as of this morning.
While the third largest cryptocurrency is still quite behind ETH when it comes to market cap, many believe that it is only a matter of time before XRP regains its former glory. With that being said, a lot of people are still more than pleased with seeing Ripple climbing back to more stable levels, especially after a big price drop that hit the coin last week.
The new hike up allowed XRP to climb back to $0.446322. While this is still low when compared to its highest point in the last week ($0.52), the coin still seems to be well on its way to recovery. In fact, many believe that XRP has found a new bottom, one that is significantly higher than the last one. Most of this new success can be traced back to a price surge that Ripple has had recently when it even managed to briefly overthrow Ethereum as the second largest coin by market cap.
Despite its drop since then, XRP still remains one of the coins with the strongest growth in the last month. While the market is still far from stable,…
If Tether crashes, will that money pour into Bitcoin?
For a long time now, the so-called stablecoin, Tether (USDT) has been a topic of discussion within the crypto community.
Tether, as a stablecoin, is said to be fully backed by the USD. This allowed it to be one of only a handful of cryptos that can avoid volatility issues, due to the fact that it is backed by a stable fiat currency. However, for as long as it was around, Tether was very secretive of its bank accounts and funds in general.
While claiming to have the ability to back each of its USDT coins, many have questioned whether or not this can be true. At the time of writing (October 16, 2018), Tether has released 2,256,421,736 USDT in circulation. This means that it needs to have at least $2,256,421,736 in order to cover its circulating supply.
At this point, three questions emerge, and answering them could very well change the future of this stablecoin. The questions are as follows:
- Are all USDT coins fully backed?
- If yes, then where did that much money come from?
- If not, what will happen when the market discovers the lie?
Tether continues to keep secrets
As mentioned, Tether has always claimed to be able to back each of its coins. However, instead of operating on transparency, the coin used different tools, mostly opaqueness, misdirection, and playing the victim whenever someone tried to unveil what is truly going…
Is Bitcoin (BTC) Better Than USD?
Despite all its recent progress, cryptocurrencies still do not inspire trust in a lot of people. Many view them as unsafe money, with its very nature being doubtful. However, a recent report by the Polish Academy of Sciences’ Institute of Nuclear Physics shows that situation regarding cryptocurrencies may not be as bad as it seems. In fact, the report claims that Bitcoin might even be a better currency than it looks like.
Bitcoin vs traditional money
Bitcoin, as many are already aware of, is the first cryptocurrency. It was created a decade ago and was officially launched in 2009. But, even though it has been around for around 9 years at this point, it is still largely mistrusted by a lot of investors, especially when it comes to large institutions.
However, thanks to the Cracow-based Institute of Nuclear Physics’ recent report, this common opinion might actually be wrong. The Institute has conducted a detailed statistical analysis of the BTC market and has published the results in a scientific journal called Chaos: An Interdisciplinary Journal of Nonlinear Science.
Surprisingly enough, the report portraits Bitcoin in a very positive light.
The report started by commenting on the credibility of traditional money. In the past, money that people have been using was backed by specific material commodities, such as gold. These commodities gave the money its value and served as a guarantee that the money actually has worth. This is…
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