Connect with us

Blogs

Why You Should NOT Forget The TRON (TRX) Super Representative Election Candidates

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

As the focus and attention with respect to the Tron (TRX) project are all on the Independence Day, many TRX believers know that the next step will be the Super Representative Elections on the 26th of June. The activity will be carried out by TRX holders who will stake their coins on the TRON Wallet that was released only a few days ago. Staking involves having your coins or tokens locked up during a voting period. The same was seen when the EOS network was having its own elections.

Each TRX holder has the right to participate in the management of decentralized projects on the Tron Network. There will be 100 Super Representative (S.R) candidates that will be reduced through voting, to the 27 that is needed for the Tron Community. The S.Rs play a key role in governing the TRON community by ensuring that basic functions such as block generation and bookkeeping are carried out on the network.

They will be rewarded for every new block generated at the rate of 32 TRX. S.Rs, therefore, stand to gain once elected. But this means that they should provide incentives for their voters such as developing worthy DApps. This is why the votes are important. They will promote decentralization on the Tron Network. The current nodes on the TRON network number 148 and span all the continents of the world.

The full list of Super Representative candidates can be found on the Tron Website. Users are advised to scrutinize each including their elections manifestos. The TRON Foundation has since revised the requirements to make it as a Super Representative on the network. This is due to the fact that they want only the best candidates for the Tron Network.

So what are the new criteria for a Super Representative on the TRON network?

The initial requirements were 8, but Justin Sun and the Tron Foundation realized that the criteria needed to be expanded as follows:

  1. Official Site – each S.R candidate must have a working website that matches the information provided to TRON
  2. Team info – All information must be correct
  3. Social Media Influence – provide links to social media and have over 500 fans
  4. Annual Community support plan – Candidates should make their own plans to support the community
  5. List of team members and pictures
  6. Team introductions
  7. Livestream – Screenshots or website links of live stream promotion should be submitted to comment area of SR Forum
  8. Meet Up – Photos or relevant news reports links to MEET UPs should be submitted to the comment area of SR Forum
  9. Community promotion efforts – Screenshots of the discussion about the super representative election in its own community should be provided
  10. Testable Nodes – Candidates need to build their own test network node and open the RPC port
  11. Provide plans for hardware expansion
  12. Server location information
  13. Server configuration information
  14. Server type information
  15. Budget expenses

More information about the Super Representative requirements can be found on the Tron medium page. The next few days will surely be an exciting time for the Tron Network.

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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

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,…

Continue Reading

Elite