FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Tron (TRX) Will Dominate in Q3 of 2018 and Beyond - Global Coin Report
Connect with us

Blogs

Tron (TRX) Will Dominate in Q3 of 2018 and Beyond

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

There has been a feeling of investor fatigue amongst the Tron (TRX) Community of HODLers who have been waiting for a Moon landing of their favorite digital asset. In just one year, the Tron project has accomplished some feats only seen by fortune 500 companies. We are talking about acquisitions and partnerships from all across the globe in a matter of a year. We have the acquisition of BitTorrent and its endless possibilities as shall be elaborated in a few. We have even the Tron Foundation partnering with MOSHROOM which is a portable smart toilet manufacturer with aims of improving public health in the greater China and India region.

So why will Tron Dominate in Q3 and Beyond?

Unbeknownst to many, the Tron Mainnet has not yet started ‘hosting’ Decentralized Applications. The current version of the Tron Virtual Machine is a test version that is for the world of developers to test drive and find bugs before the main Virtual Machine is upgraded onto the Mainnet on the 30th of August. This means that the Tron DApps such as Peiwo with 10 Million users, are yet to be migrated onto the Mainnet. Once that is done, the Tron network instantly gets a cool 10 Million accounts and users. There is also an additional 17 DApps that are yet to migrate onto the Tron Mainnet. Once this is accomplished, it is all systems go for the Tron platform.

Secondly, there is excitement in the Tron Community that there will be a Decentralized Exchange that is built on or geared towards the trading of tokens that will be created on the fully integrated Mainnet. We all need to remember that the Tron network will be smart contract capable with a speed of 2,000 transactions per second. This means that tokenization will be a breeze for any ICO that wants to build on the Tron Network. There is also the possibility of artists and content creators, funding their projects in a crowdfunding manner using the Tron Network and their own tokens with dividend sharing capability. These tokens will need a Decentralized exchange that has been rumored to be called TRXMarket.

Tron Decentralized Exchange

Thirdly, the Tron Community is leading the way in terms of cryptocurrency adoption. We have cases where TRX is being accepted as a form of payment for Taxi rides in Spain as well as in restaurants in the same country. There is also Bitnovo.com with over 20,000 stores in Spain and Italy where you can buy TRX. The pace and speed at which TRX is becoming a medium of exchange is astonishing and could soon eclipse larger coins such as Litecoin. We even have TRX being part of the Bitcoin Superstore.

The fourth and final reason why TRON will dominate in Q3 of 2018, is Justin Sun’s vision of a decentralized internet. After the acquisition of BitTorrent, Justin presided over a company-wide meeting – San Francisco and Beijing Offices – facilitated via video conference call. During the meeting, Justin outlined his vision of returning the internet back into the hands of the users. He is quoted as saying:

“The Internet was decentralized when it was first created. Since Web 1.0 in the 80s, we believed that Internet services should be built upon an open protocol shared by the web community…TRON intends to be the largest decentralized Internet ecosystem in the world. With the mission of making the Internet decentralized once again, we are dedicated to making decentralized Internet services available for everyone in the world.”

The mission to decentralize the Web starts now and will take between 10 and 20 years to complete. Justin and the Tron foundation is committed towards this vision. This process will be made possible by the integration of the BitTorrent platform via Project Atlas.

In conclusion, the investor fatigue is very much understandable in relation to TRX. But it is often said that greatness comes with hurdles. One of the hurdles is the current bear market preventing TRON from being great in the markets. But that is okay since all the focus is on developing a solid platform by the Tron Foundation.

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

Top 3 Crypto Trends That Might Go Big in Q2 2019

Published

on

crypto trends
READ LATER - DOWNLOAD THIS POST AS PDF

So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

Continue Reading

Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

Published

on

Bitcoin SV
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

Continue Reading

Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

Continue Reading

Elite