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TRON (TRX) Plans to Combat Internet Censorship

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Internet Censorship
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Many people are well-familiar with internet censorship imposed by nations like Russia, China, and the Middle East. However, there is a more familiar and understandable form of censorship that has seen its emergence on social media platforms. For instance, people of stringent and conservative political views have put the accusation on YouTube that it has been demonetizing their videos. This means that these videos are unable to mint advertising revenue.

Twitter has also been doing something along similar lines by banning accounts associated with hate speech. All of this is, in spite of the fact, that there are no laid down guidelines that distinctly demarcate what is acceptable and what is not acceptable for posting. Both of these social media conglomerates comply with a centralized norm for filtering of content. Both depend upon a single authoritarian figure to make the decision for what is permissible on their platforms. This authority can be constituted of a panel of human reviewers or the decision can also be taken with the help of computer algorithm. This decision of content filtering is almost akin to the censorship imposed by governments of several nations. The difference is that this time the medium is online social media platforms.

TRON has the capability to fight internet censorship and the trend of centralization of information. The ways in which the online entertainment industry can be disrupted has become a heated topic of discussion. But a more careful look can be taken at how the slow restriction of content and information, which has been taking place on the largest platforms like YouTube and Twitter, can be avoided by the usage of TRON’s platform.

TRON ensures direct ownership of content by content creator

The basis of a network like TRON lies in its ability to build an agreed-upon, comprehendible means for ownership of content. Whenever an article is published on Facebook, Medium or any such similar platform of online content, the creator cannot really take credit for being the owner. Once something goes on the internet, nobody can claim definite ownership of that content. Anyone is free to take the content, violate copyright laws, publish it according to his own needs and not even credit the original creator. Social media conglomerates like YouTube and Instagram enhance the connection between content and the content provider using direct promotion. But the problem arises in a different way.

The trade-off for YouTube publishing is agreeing to terms of licensing and opening oneself to censorship. Almost all content providers easily agree to this trade-off in return for endorsement and visibility. The final result was a channeling of all the internet content to some centralized and powerful distributors. It projects the image that all news yield from the three primary outlets like YouTube, Facebook, and Twitter that have singular control over what be published, what can be monetized and at what price. All this opens up the avenue for an incentive-dependant feedback system which in turn results in stringent censorship.

 How TRON Ensures Liability of Content Creator

From fake Facebook profiles toTwitter bots or forum posts on Reddit, it is difficult to keep track on the creator of the content or with whom the actual source belongs.TRON has come up with a solution to solve this problem through the implementation of blockchain technology.In spite of the fact that anonymity cannot be fully shunned, a block-chain based network (like that of TRX) offers a complete ledger for the purpose of content distribution.

This basically implies that if a certain person posts any type of content, the entire consumer base of TRON’s network will agree to the existence of the connection.TRON’s network helps the content creator gain back the rights to his content and it enables in the distinct identification of the source of the content. An account owner posting abusive, harmful content can no longer deny their accountability towards their created content. The content also cannot be deleted owing to the blockchain’s permanence. The consensus mechanism of a blockchain links an account to the created content, in the same way, that a cryptocurrency blockchain keeps track on the history of transactions of an account.

Conclusion

TRON is not slated to have an immediate impact in transforming the way content is published and distributed across various digital platforms on the internet, but it could usher in a drastic change in the rules of censorship that has become a trend across all social media and online content platforms. By emphasizing on direct ownership and liability of created content, TRON could transform digital interaction on every platform. While the existence of trolls, hate-mongers, and plagiarists and cannot be easily annulled, the blockchain network of TRON will manage to keep censorship in check and ensure wider representation for content of all categories. TRON’s visualization for the purpose of content distribution is undeniable as it plans to deploy a feature that could motivate more people to be accountable for the content they create and their own online repute.

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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.

Image courtesy of Pierre-Selim via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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