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

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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.

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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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