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Will The Tron (TRX) MainNet Eventually Outshine Ethereum’s Platform?

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Tron
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The Tron (TRX) MainNet was successfully launched on the 31st of May at 11 am UTC + 8. As is usual with any launch, Justin Sun was there to inspire the Tron fans and HODLers and reiterate the vision of the project to decentralize the web. The recording of the live event has been uploaded on Youtube for you to re-watch. Justin would later accompany the MainNet event with further outlining the vision of TRON as an Independent blockchain from Ethereum’s.

The big question is, and with the enthusiasm of the Tron team, will Tron (TRX) eventually outshine Ethereum?
The next question is, how will TRON achieve that?

To begin with, and outlined by Justin Sun in the letter to the Tron members, the Tron MainNet platform will be different than Ethereum’s due to the fact that it is built using the Java programming language. This means it is easier to program on the TRON Odyssey V2.0 platform than it is for a developer to learn the Solidity programming language necessary to create Decentralized Apps on the Ethereum platform.

Still, on the needs of the developer, the TRON platform can handle more transactions per second (TPS) and hence obliterating network congestion as seen on ETH during the Crypto-Kitties launch last year. This, in turn, makes it a favorite for any developer who wants to create the next level of fast DApps.

The second reason the TRON MainNet might outshine Ethereum is the new concept of democratizing the platform using Super Representation. Any TRX can leverage his/her coins so as to be part of the decision making in the community. This is the complete opposite of the ETH platform where the foundation makes all the decisions. By allowing for true decentralization, users know their input is going to be considered and implemented in a democratic manner.

The third, and most likely the biggest reason TRON MainNet might outshine Ethereum’s platform, is the amount of community support the project has gathered. Currently, TRON Odyssey 2.0 has accumulated 2,153 commits on Github, merged 547 forks, released 15 software iterations, and added 102 new features. The team has also performed 384 unit tests, 461 function tests and managed to scrutinize the code to guarantee it is secure for release.

Also to add, and with respect to the Tron Community, is that TRX holders number 1.08 Million compared to EOS’ holders who number 306,000. This makes TRON the project with the highest HODLers on the ETH platform who will soon migrate to the MainNet by the 25th of June. Justin also has over 448,000 followers on Twitter and the project has over 3.82 Million related videos on youtube. This means that the community support is unlike no other.

In conclusion, the Tron project might end up eventually eclipsing its parent platform, Ethereum, due to the reasons highlighted above. Current market analysis shows that TRX is yet to pick up in the crypto-market after the MainNet launch a few days ago. TRX is currently valued at $0.058 at the moment of writing this and down almost 5% in 24 hours.

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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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