Connect with us

Altcoins

Tron’s (Trx) Rapid Development Hints at the Project’s Full Potential

Published

on

TRON

It has been less than a year since TRON (TRX) launched its MainNet, but during this short period, the project has seen a massive amount of success. Not only did it partner up with countless exchanges and other projects, but it also went through a token migration, token burns, and a Super Representatives election.

Then, it acquired BitTorrent and announced Project Atlas, which later led to the launch of the BitTorrent token (BTT). In addition, it launched its own DEX, its ecosystem exploded with dApps and smart contracts, and it even managed to beat several records regarding the number of transactions per day and week.

While all of this already seems like more than a project should be able to achieve in less than a year — it is only the tip of the iceberg in TRON’s case. Misha Lederman, who has been elected as an advisor to the dApp Evolution Ecosystem, and who is deeply respected within the TRON community, often points out TRON’s achievements.

He recently noted that TRON’s number of dApp users exceeded 88,928 on April 30th, while the project had over 407 active dApps at the time. In addition, TRON is nearing its 1,000th smart contract, which proves that developers are favoring the ecosystem more than ever.

While the project is young, it is extremely innovative, brimming with enthusiasm, creativity, and has a rapidly-growing user base. There is proof of this as well, as the project already has over two million addresses.

With all of this in mind, it is clear that TRON is slowly, but surely, becoming one of the most popular platforms in the world of blockchain. The project has managed to avoid controversies and scandals, unlike other coins, particularly Tether (USDT). Meanwhile, TRON’s dApp number is growing as well, with new ones getting launched all the time. With a situation like that, it would not be surprising if TRON surpassed EOS in terms of dApp innovation, and become the so-called ‘Ethereum Killer.’

TRON vs EOS and Ethereum

While TRON may be at the 11th spot in terms of market cap, it is only third when it comes to dApps. EOS still holds the second place, while Ethereum leads. However, this situation might change in weeks to come, if TRON’s development continues at this pace.

Ethereum will be a much more difficult project to surpass, as it already has over 1700 dApps, where TRON still has just a bit over 400. However, it is also important to note that Ethereum has been developing dApps for nearly four years now, while TRON had less than one. In addition, the speed at which TRON dApps are coming out is increasing, while Ethereum’s developers appear to be migrating away in favor of EOS and TRON.

Finally, as proof that the perspective does matter, there is CCID (Chinese Ministry of Industry and Technology Development), which made its own list of best projects. On their list, EOS currently leads as the best one, while TRON is a close second. However, this list does not focus on the number of dApps, but instead on creativity, innovative ideas, the applicability of an asset, and essential technological ability.

TRON is certainly deserving of the high rank, and it is likely only a matter of time before it surpasses EOS. As for Ethereum, it is still one of the most important projects ever to be developed, and that will never change. However, Ethereum’s focus is on smart contracts, rather than the coin or dApps, which is still an area where the project dominates, and that is unlikely to change anytime soon.

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

Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

Published

on

Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

Continue Reading

Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

Published

on

Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

Continue Reading

Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

Published

on

Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

Continue Reading

Press Release