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Tron (TRX) is highly propitious, here are the reasons why

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Tron TRX
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Tron (TRX) is one of the biggest cryptocurrencies in the crypto market (and stays in the spotlight, always). The worth of the digital asset increased by 2000% in mid-December 2017 to early January 2018. As one can imagine, Tron’s 2000% growth made it attract lots of crypto investors in the crypto sphere.

Today, everyone around the world has heard of Tron (TRX) – in one way or the other. But in this article, let’s find out what makes this cryptocurrency extremely promising. Without much ado, let’s take a look at Tron (TRX).

Tron (TRX) in brief

Tron is a decentralized network that focuses more on the entertainment industry. This platform ensures P2P technology and makes use of blockchain technology to share and receive contents globally; let’s just say it’s the future of the entertainment industry (yes, it is safe to say that).

The main coin of Tron is Tronix or TRX, and the easiest way to TRX is by sharing contents through the platform.

Moving forward to Tron’s market overview, Tron’s current price sits at $0.03336 (at the time of writing), its market capitalization is $2,193,034,839, and the 24-hour trading volume is $175,410,000 – according to CoinMarketCap. An important fact about Tron is, TRX is not mineable, unlike Bitcoin.

The reason why Tron wants to revolutionize the entertainment industry

In today’s world, content sharing and creation can only be done through Facebook, Netflix, YouTube, Apple, and Spotify mainly. However, if you are the type that would love to make huge bucks through blogging, music, videos, and so on, then you need to go through one of these middlemen (YouTube and the likes) to reach your target audience.

Here is where Tron comes in – Tron is a platform that wants to eliminate the use of middlemen before contents can be shared. Facebook, YouTube, Apple, Netflix, etc., always take a certain percentage of the revenue that your contents generate. In fact, these platforms will own a right on the revenue that you make. They also have the authority to get your contents censored. and there is nothing you can do about that.

However, problems like these will not surface if content providers use a platform like Tron (TRX). Tron’s dream (we would rather say purpose) to revolutionize the industry is huge and the platform is seen as the future.

If a user makes use of Tron’s protocol, he/she has the ability to create, share, and upload contents to the blockchain network. Once done, the user can get paid based on the number of views that he/she receives without having to pay fees to any third-party.

Moreover, it is important to know that Tron’s community decides the success of your contents. This means that your contents can’t be censored or controlled by anyone at any time.

The Tron’s Foundation

Tron Foundation is headed by Justin Sun and it is a non-profit company that is based in Beijing, China. The aim of the foundation is to ensure that its platform works with all fairness and transparency.

The Tron Foundation is under the regulation of the Accounting and Regulatory Authority of the company and the Company Law of China.

Justin Sun, the CEO of Tron Foundation, has had an astonishing career and he was listed in “Forbes 30 under 30 in Asia.” His application, Peiwo, has more than 15 million subscribers worldwide and it is the first application that streams and accepts cryptocurrencies.

Even though Sun has been recognized as the protégé of Jack Ma (the founder and CEO of Alibaba, I don’t think there was a need to mention this but I did anyway), he was also been known to be dedicated and diligent during his study days at Hupan University. Justin Sun also graduated from the University of Pennsylvania.

Tron’s collaboration with top financial companies

Tron (TRX) has bagged lots of partnerships with different companies in the Financial Industry and some of them include Bitman, oBike, and Zag S&W. Of course, financial entities are not the only ones Tron (TRX) has partnerships with. The company has vSport, Game.com, OBike, PornHub, Gifto, and UPlive in its partnership bucket too. And yes, there also is a secret Tron project (possibly partnership) that is going to be announced at the mont of this month. Tron partnerships with all these mega means that the coin is not just a hype, it has a bright future ahead.

What makes Tron distinct and promising?

Apart from Tron’s partnership with top companies in the world, there are few things that make Tron different and promising.

  • Tron empowers content providers to own their contents

The fact that Tron gives content providers the ability to own their contents makes the platform a good choice. Considering this, crypto enthusiasts believe that Tron (TRX) is taking the lead on the advent of the third web.

  • Ability to build smart contracts

For developers, Tron (TRX) provides a platform that allows the building of smart contracts using any programing language.

  • Interoperability

The interoperability level of Tron (TRX) is quite remarkable. For instance, let’s say you are using a car-sharing application that operates on Tron’s network. Every time you want to rent a car using the app, you are compensated with tokens by the car-sharing company. You also have the ability to use your coins to buy-back free rental bikes later on. With Tron, you can also use these coins in exchange for goods that are free, if the goods chain is built on Tron’s network.

Final Words

There are lots of good things present around Tron (TRX); big partnerships with top companies, third-party Dapps, and its futuristic ambitions. Although the network has had lots of controversies, it still thrives to maintain its goals in the crypto world. No hype here, buddies. When the facts are this good there is no need for embellishment. Be patient, you will encounter big Tron bull soon.

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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 Maxpixel.net

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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.

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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)

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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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