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Here Is How Tron (TRX) Will Become ‘The Apple’ Of Crypto and Blockchain

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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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How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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