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Why Hold Tron? Project Atlas and More

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Why Hold Tron? The Tron Foundation has constantly shown why we believed in their vision one year ago when Justin Sun came out gun blazing to announce the ICO. Back then, decentralizing the web was just a concept on a piece of paper but it is slowly becoming a reality with the daily progress of the Tron project and its ecosystem.

Custom Token on BitTorrent

This then brings us to how BitTorrent will be integrated onto the Mainnet through Project Atlas. The project and the eventual product will bring the future of how content is distributed on the web. Anyone who has downloaded files via any Torrent knows that there are times when the downloads are not active due to lack of peers who are online for you to download from.

Now here is where the BitTorrent protocol will integrate a system of incentives on the blockchain through a custom token. This, in turn, means that users who participate will exchange tokens in return for resources and services on the BitTorrent platform to further aid in faster downloads and increasing the availability of torrents.

Tron Token Decentralized Exchange

The Custom token that will work on BitTorrent has yet to be named or created at the moment of writing this. But when it goes live, it should be available in the new Decentralized trading platform being created for custom tokens on the Tron network. Think of Ethereum and how we have IDEX or Ethfinex that cater to ERC20 tokens. The Tron Decentralized exchange will perform a similar service thus signaling a good Q4 for Tron.

Tron Virtual Machine and Future Updates

A Tron decentralized exchange brings us to the recent development that the Tron Virtual Machine will be activated around the 8th of October. The team at Tron made this announcement in their most recent development update that stated the following:

It’s expected that the TVM will be officially activated after the voting on October 8. By then, the 3 main features: the committee, the TVM and decentralized exchanges will be activated.

In addition, TRON plans on having one small upgrade and a big one for each quarter.

The small upgrade mainly focuses on performance enhancement. It’s optional based on what you need. This upgrade will be completely compatible with the previous version.

More Accounts than EOS and High Transaction Volume than ETH

It is with the above progress that it’s not surprising that the number of accounts on the Tron network has surpassed those on the EOS network in the number of active accounts. The network has also surpassed Ethereum’s average daily transaction volume.

Justin Sun made the announcement of the new benchmark via a tweet that stated the following:

1. 411,032 #TRON accounts, 20% more than #EOS, 13 times higher than that of #ETH

2. 440,135 peak number of single-day transaction volume, 49 times higher than #ETH

3. 146,041 average daily transaction volume, 29 times higher than that of #ETH

4. Physical decentralization

Similarities with ETH Path in 2017

To note is that the Ethereum network made it possible for ETH to skyrocket in the market due to the ICO boom and DApp creation on the network for the past 2 or so years. This then means that it is possible for TRX to experience similar gains moving forward. Earlier, we had calculated that ETH gained by 13,900% in one year to its peak value of $1,400. If TRX were to follow a similar trajectory, the digital asset will be valued at around $2.78 twelve months from now.

In conclusion, the Tron project has made major strides in the last one year. The above few fundamental reasons are why it is wise to keep holding Tron for the foreseeable future.

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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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HODLing Stellar Is A Good Plan For 2019

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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Reasons To Invest In Electroneum In 2019

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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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STEEMIT Running Out Of STEAM?

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Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now, these are just things some of the former employees have been heard saying, but it is a rather interesting take as to what is going on. Give the following video a watch where I break down what is happening with Steem. I also give my thoughts on what may happen to other large ICOs and how we may see this trend continue as we have seen with ConsenSys laying off 10% of their workforce.

If the big name projects are starting to do this will it also have a trickle-down effect on other ICO’s which have no products and are running out of cash? I definitely think so, and I also see this negatively affecting Ethereum for the mid-term. The question many have been asking is just how long can the bottom 1800 projects last with the current market conditions? How many ICOs did not liquidate their Ethereum and now are stuck with 1/10th the cash flow or more in some cases, how will they pay to continue operations? What about the growing number of projects laying off employees…

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