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TRON Virtual Machine Completion Draws Closer

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Tron Virtual Machine

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.

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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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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