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Tron (TRX) wants to decentralized the 'whole' internet, is it possible? - Global Coin Report
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Tron (TRX) wants to decentralized the ‘whole’ internet, is it possible?

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Tron TRX
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A majority of big internet players such as Facebook, Youtube, and Google offer free internet services to their users. As a result, they in turn store and sell their users’ data to other large advertising corporations who flood our eyes with the things we need.

As a result of this inference, a decentralized protocol grounded a blockchain technology tailor-made for the entertainment industry is born. Tron (TRX) is the name of the revolutionary Blockchain technology. Tron intends to make its users the real architects of the data they publish on the platform enabling them to exercise total control over their online activities.

With that said, and with Tron (TRX) intending to be the preferred platform for content delivery of which its storage is distributed, data uploaded on the Tron platform gets stored on personal computers of network members who wish to do so instead of being stored on servers like in the case with big Internet corporations.

In exchange for the decentralized functionality and storage, users will have to acquire the blockchain’s currency, the Tronix or TRX to be their default virtual currency in their everyday virtual trade dealings.

The issue of decentralizing the internet is not new, and Tron is not alone in this quest. Many players are also involved in activities that would make the current centralized internet more localized.

Players such as the Mozilla Foundation, a nonprofit organization that finances the open-source tools and the Firefox browser, Richard Hendricks, the man behind HBO’s Silicon Valley, and Sir Tim Berners-Lee, the originator of the world wide web all want to see a more decentralized internet.

What’s the Problem with the Internet? Isn’t it Already Decentralized?

The answer to the question is Yes and No. The Internet is physically localized since no single corporation or entity can claim ownership to it, but at large, centralized service providers sustain its essential services such as social media, cloud computing, search engines, DNS services, email services, web hosting, and many other services.

These services heavily depend on resources that are highly concentrated in limited physical and virtual servers. This situation allows and makes it convenient for corporations to maintain the services they offer to internet users.

It’s a centralized working architecture, but it sometimes creates problems by holding hostage internet users. If the servers of these corporations go down for whatever reason, we lose total access to essential functionalities and services.

If they get compromised through cyber-attacks, we lose personal data. If they decide to sell our data to other advertising companies, there is nothing we can do. We do not have any control over our own internet experience. Simple.

Can Tron Decentralize the Internet?

Decentralizing the internet is not just a fancy word to be used to boost virtual currency trading and prices to a public unsuspecting. On Tron part, it is a rigorous process that in the end will give users back the power to control their destinies on the Internet.

In a time where information is taken without consent and sold to companies with the deepest pockets, decentralization is indeed a requirement and a necessity. Although being a tough feat to achieve, we believe Tron (TRX) under the leadership of visionary Justin Sun, has what it takes to decentralize the internet as much as possible.

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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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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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Crypto Market is Not Free from the Bearish Trend Yet

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Investors and traders are still speculating over the bullish trend that shook the market this past seven days. However, amidst the joy of the price hike in the industry, some people are still cautious. A crypto trader with the twitter handle of BTC_Macro is advising other players in his tweet to be careful. According to him, the bearish cryptocurrency market is not over yet.

In the tweet, the user admonished players in the market not to listen to the people saying that the bears have given up. It went further to say that Bitcoin may still plunge uncontrollably anytime even if it breaks the $6K mark. When this occurs the twitter user continues, any scenario may occur. The advice is that players in the crypto market should be on the neutral side. According to the user, it is not safe to be on the bullish side or the bearish side. Instead, players should be on their toes without bias.

How Trader reacts to price movements

Over time, it has become evident that many traders usually go against the market majority during bearish or bullish trends. Well, there is usually some logic backing up the reactions.

It is true that we have seen the longest bearish trend in the history of cryptocurrencies. Everybody who has a stake in the crypto market is expecting the day of the bull’s rise…

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The Interoperability Problem of Blockchain May Soon Be Over

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Crypto traders have certainly had a rough time since early 2018. The markets have tanked resulting in large losses for nearly everyone involved in the market. While that’s bad, what’s even worse is the fact that many projects have failed to deliver on their roadmap. Blockchain technology has been hailed as the next great advance in technology. And while many companies are making strides toward fully implementing blockchain-based technology, there is still a long way to go. As promising as blockchain technology is, there are still limitations that need to be addressed.

Limitations of Blockchain Networks

Although blockchain technology is certainly the future, the existing technology will need to be improved before it can go mainstream.  A few of the current limitations include:

  • Limited Scalability – Blockchain networks have consensus mechanisms that require each node to verify a transaction. This verification requirement slows down the network and limits the total number of transactions that can be processed.
  • Limited Usage – Each blockchain network was created with specific usage in mind. Because of the limited number of use-cases, each network eventually suffers from a never-ending loop of limited adoption. In the end, this causes low awareness.
  • Lack of Interoperability – At present, individual blockchain ecosystems are unable to communicate with each other. If a blockchain network attempts to retrieve information from an external (outside the “chain”) source, each node would have to…
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