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Clash of virtual machines: Cardano (ADA) and Tron to skirmish in Q3 of 2018

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Cardano Tron
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Most of Tron’s followers and community members probably know that Tron (TRX) launched an upgraded version of its Virtual machine this week. A massive milestone for the Tron community, but what exactly is Tron Virtual Machine?

A Tron Virtual machine is a VM developed by Tron Foundation for the intention of making the Tron network bigger and better. On the other hand, a virtual machine is an application environment or an operating system that imitates a computer system or dedicated hardware.

For instance, a developer using a Windows personal computer needs a UNIX-based operating system to finish a project but cannot afford to buy a new or used UNIX-based computer. With a virtual machine, the developer will be able to create an environment where they can use other software’s and programs in different environments with their existing PC.

The Relevance of Virtual Machine in Blockchain Technology

VM’s are relevant and necessary in blockchain technologies as they are used to test and implement large-scale Decentralized Applications.

Developers have availed the opportunity to create smart contracts that are hosted by the Tron Virtual machine using friendly programming languages created in existing languages that they are familiar with, without necessarily learning new programming languages.

Cardano’s Virtual Machine

Following the precedence that was laid by Tron, Cardano (ADA) has made a milestone achievement this week by launching the testing version of their virtual machine IELE.

Cardano’s virtual machine, IELE, works on a unique programming language that was explicitly developed for creating digital contracts in a secure way on the Cardano protocol. According to an official press release by the IOHK team, the newly released VM is a representation of Cardano’s second test net version while representing the extension of the previously launched test net.

It is believed Cardano’s recent update will have a revolutionary impact on the entire financial infrastructure giving developers and creators the opportunity to utilize smart contract technology as part of the services being offered by Cardano.

In the world of blockchain technology, smart contract technology, at present, is a necessity contributing to the growth of the digital economy by facilitating the movement of any amount of money between two entities that have agreed on the same terms. All this excluding the involvement of third parties, contributing to the decentralization of the internet and financial processes while cost-cutting on time and money required for such activities.

Tron Virtual Machine

The Tron VM is designed to be well-matched with Ethereum’s Virtual Machine and its environment which enables Ethereum creators the leeway to compile and adjust their codes in a platform that facilitates smart contracts in Ethereum to be easily transferable to Tron.

Unlike other virtual machines that depend on gas, Tron VM uses bandwidth, offering free transaction and smart contract facilities on their platform. When it comes to flexibility, developers using TVM are more flexible when it comes to programming complex applications on the Tron platform considering they have less worry about the cost of doing certain tasks and transactions.

In summary, virtual machines incorporation in blockchain technology is widely applauded as a required technology that assists in offering solutions to the shortcomings that have been bedeviling other systems, hence attract a lot of developers. Something that is ultimately good for cryptocurrency and the entire blockchain ecosystem.

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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

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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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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