Connect with us

Blogs

TRON Virtual Machine Completion Draws Closer

Published

on

Tron Virtual Machine
READ LATER - DOWNLOAD THIS POST AS PDF

With August 30th, the date of the release of TRON Virtual Machine (TVM), comes closer, the team behind the coin decided to release a complete upgrade of the crypto’s MainNet.

TRON’s (TRX) community witnessed even more progress of their favorite crypto. TRON Virtual Machine is scheduled to release its full version in a matter of days now. With a situation like that, the team also completed the newest upgrade for the TRON MainNet.

The TRON VM is currently still in its beta version, and it will remain like that for around 10 more days. With this date rapidly approaching, TRON also decided that it should improve the efficiency of the platform with a new MainNet update. Justin Sun, TRON’s very founder, addressed the details in a recently published open letter which explains all the important aspects of the move to the coin’s community.

TRON Virtual Machine and MainNet upgrade approaching

According to Sun’s announcement, TRON VM is about to arrive on August 30, after it spent more than a month in its beta version. The beta version was launched on June 25, with excellent results. At the same time, the team activated TRON’s MainNet. On July 30, the blockchain reached the height of 1,009,319. The biggest number of transactions per day in this time period was 49,518, with the number of global nodes reaching 367. Finally, he also announced that the number of account addresses reached 75,206.

He ended the announcement by informing the coin’s supporters that they can expect the official version of TVM on August 30, together with the MainNet upgrade.

During one of his interviews, Sun stated that the team is already prepared to launch the TVM and the MainNet upgrade. However, the team doesn’t want to rush anything. Instead, they are taking all the necessary tests to ensure that the launch will go without issues. With the MainNet already being functional for nearly two months now, the team is looking to improve it in order to make it capable of sustaining the TRON VM, which will be used for making dApps.

Why are the MainNet and TRON Virtual Machine so important?

The MainNet’s upgrade and TRON Virtual Machine are both scheduled for August 30, and this event will massively improve TRON’s network, as well as give it additional capabilities. According to Justin Sun, TRON’s blockchain will become much faster after August 30, with its speed being over 200 times greater than that of Ethereum.

This is a big thing for TRON’s community because the platform will also be more scalable after the upgrade. Many in the community are expecting new platforms and projects based on the TRON protocol to start appearing in the days following the event. Additionally, with more activity on TRON’s network, the coin will gain even more exposure and significance. Eventually, many are hoping that this might lead to a massive price boost for TRX.

And, while only time can tell what will actually happen, from what we have seen so far, this is definitely a valid possibility.

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 You Are Much Safer When Crypto Trading on Dexes

Published

on

DEXes
READ LATER - DOWNLOAD THIS POST AS PDF

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

Continue Reading

Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

Published

on

crypto billionaire
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

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

Published

on

TokenRoll
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite