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Trust Wallet Core now supports Tron blockchain, what to expect?

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Trust is a secure multi-cryptocurrency wallet; recently, it launched an open-source, cross-platform cross-blockchain wallet core that supports TRON and different blockchains. The pronouncement of the news was stated on Feb 28th, last month, as per which the open-source core wallet will assist developers in creating decentralized applications and wallets using its interface.

Justin Sun, TRON’s founder tweeted about the recent development on his official Twitter page. His tweet reads:

Subsequently, the Trust Wallet Core now supports not just TRON alone, but other digital assets such as Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Dash, Zcoin, Zcash, BNB Coin, Ripple, Wanchain, Icon, Vechain, and TomoChain.

About Trust Wallet Core

Trust Wallet Core is a wallet library that upholds common hashing functions, key derivation, etc., and faciliates developers with more functions to create Dapps and wallets. Additionally, this wallet library also supports transaction signings for every blockchain and focuses on assisting the creation of cryptocurrencies and wallet integration since it is an open-source wallet core platform.

One of Trust Wallet officials said this about the Trust Wallet Core:

“We are happy to announce the open-sourcing of Trust Wallet Core—an open-source cross-platform cross-blockchain wallet library. The library supports all common hashing functions, elliptic curve cryptography, key derivation, address encoding/decoding, and transaction signing for all supported blockchains.

According to Trust Wallet official website, Trust Wallet Core is a cross-blockchain platform with lots of idiomatic interfaces. It implies that if you use this library, you can use any interface that you think is well-suited with the language that you are using. For example, if you are building an Android application, you can make use of Trust Wallet Core because of its wide range of interface and functions.

According to the platform, the JNI code for Android and the Swift code for IOS interface is present for all users of the platform. Developers can choose different interface and language they want to use at any time. The platform aims to provide the Javascript interface for developers very soon.

The Wallet Core itself was created using the C++ with a C interface, allowing codes to be written quickly.

How Developers on TRON network Can Be Part of This Platform

Dapp developers on TRON network and other blockchain platforms can get themselves involved by taking a look at Trust Wallet Core’s GitHub repo. Developers can also take a look at its Telegram Group to chat and ask questions in case of any difficulties.

Final Words

Trust Wallet aims to add more digital assets and interfaces. It is also important to note that the platform aims to improve its library and make it easy for developers to add new blockchains. It’s already an interesting product for developers, so with many more exciting developments in the pipeline, Trust Wallet could become an eye candy of Tron community soon.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron keeps gathering new support at exchanges

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Justin Sun, Tron’s CEO and founder, took to his Twitter account to thank OKEx for supporting Tron, and TRX. And what is OKEx, we hear you ask?

Okex

OKEx is a cryptocurrency exchange based out of Kuala Lumpur, Malaysia. It was founded in 2014. The platform is web-based and offers hundreds of trading pairs in cryptocurrencies. But unlike most other platforms, this one offers futures on digital assets, and it’s available in more than a hundred countries all over the world.

It boasts millions of users. Its BTC CFD’s have a daily trading volume beyond 1,500 million USD. And some observers consider this exchange for being the golden standard in the cryptosphere. Yes, that remains an arguable proposition, but it’s still not that far from reality.

This website operates under the assumption that blockchain technology will get rid of all barriers in transactions (domestic or international), it will increase transaction efficiency and, sooner or later, is going to change the shape of the global economy. The platform strives to come up in a product that can help improve the world through innovation and improved customer experience.

The news is that OKEX is now adopting trading pairs that include Tron’s Tronix cryptocurrency (TRX). Which is a piece of excellent news for Tron, for Tron holders, but it will also be very good news for OKEX very soon.

The platform will do several giveaways to celebrate Tron’s arrival into the platform from today until March 14th, which are very interesting and that you can find here: https://www.okex.com/activity/voteCoin?activeId=401.

Tron

Tron is a third generation blockchain with an obvious objective. According to Justin Sun’s vision (the project’s founder and current leader), the blockchain is the ideal means to create a new web that’s 100% decentralized. That needs a blockchain network, for sure, and digital currency.

But even more critical are the decentralized apps that the network can support and the deployment of smart contracts. And Tron has all of those resources ready and deployed.

The project even has an ace hiding under its sleeve. It’s called Project Atlas. It will merge BitTorrent, the world’s largest decentralized network since a very long time ago, with the Tron blockchain.

That move alone will turn Tron into the world’s largest decentralized network, the world’s foremost content provider, and the most active blockchain in the planet.

Oh yes, regarding activity and transactions, even Bitcoin will not be able to compete. Keep in mind that BitTorrent includes more than 100 million individual users each month.

So the new announcement benefits everybody involved. The exchange gets a new coin to trade, which is supported by a very bullish and active community. Tron and TRX holders will see trading volumes increased which will, in turn, raise the token’s value. So everybody wins.

The central fact about Tron (and a handful of other young blockchain projects) is that they have solid fundamentals. So, while their prices are not exactly soaring right now, chances are they indeed will in the future. The reason for that is that, as the next bull run comes, the market will be able to tell the difference between coins driven by sheer speculation, and those that have some real use cases.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron becomes the most popular cryptocurrency of the week on Koinex

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If we look at the renowned platform for tracking cryptocurrencies valuation and standings in the market, CoinMarketCap, the past week, for many enthusiasts, can be considered as the worst week for Tron since the beginning of this year, 2019.

Sun-led cryptocurrency went down from the 8th spot to 10th in the market; unusual fluctuation in the crypto’s price surely can be given as the two primary reasons behind this denotation. But that’s not all that happened in the past week for the Tron. While the cryptocurrency was trending in red, it still achieved some of the phenomenal landmarks even during that time.

Just last week, Tron’s blockchain managed to achieve the 2 million accounts milestone in an amazingly quick time. It took only 252 days for Tron to achieve this landmark since its mainNet had launched.

The mentioned time span is worth noting because its arch rivals such as Ethereum could only manage 25,887 accounts in the same time period and took 660 days to reach the 2 million mark, while on the other hand, EOS hasn’t yet managed to reach 2 million after its mainNet launch. Not just that, according to the Ratingdapp, the platform for tracking Dapps performances, 70,000 new accounts have been created on Tron to interact with its Dapps in past two weeks.

The achievements do not just halt there. Just yesterday, Koinex, one of India’s largest and most advanced digital asset exchange, announced on its Twitter handle that Tron has been the most popular cryptocurrency of the week on the exchange. The tweet goes as follows:

If we consider the different rating sources in the crypto realm, Tron has been recognized as one of the most-talked-about cryptocurrency in recent times.

There could be many reasons given for this feat, but the launching of BitTorrent on its network, the largest and most extended airdrop of BTT last month that took 4 hours to complete distribution – which further compliments the speed of the Tron’s blockchain, and the ability to stand strong in the long bearish trend where every other cryptocurrency was struggling are believed to be the most significant ones.

It’s more likely that due to these mentioned facts, Tron has become the much talked and tweeted cryptocurrency in recent times.

A couple of days ago, a report published by Cointrend revealed that Tron had become the most mentioned about cryptocurrency on the Twitter media for almost a complete day leaving behind the Bitcoin and Ethereum, which says it all about the interest developed among the crypto enthusiasts in Tron against any other crypto asset.

At the time of publishing this post, Tron is slightly in the downward trend according to the CoinMarketCap with 1.72% change in the past 24 hours and is available for trade at $0.02314.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Ripple and Mr. Gutierrez, Ripplenet reduces transaction fees by 80%

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“Money makes the world go round.” (It should be “around”… it’s round because of gravity, but nevermind). That’s from a song from the musical Cabaret if you remember. This begs the question: if the money is not flowing around, then what happens to the world?

Well, it might just indeed stop, which is why it’s actually essential to have money flowing around the globe. Not only that, the smoother the money moves around the world, the easier it will be to keep things going for everybody, not only those who actually do have the money.

Transactions are usually just a set of numbers in a ledger. But there is a real-life story behind each one. Think about some university student who ran out of money last night and can’t have breakfast this morning until his or her parents send them some fresh money. And that’s just a smooth, not so important example.

The important thing is that transferring money is not just about money, or making the payments industry richer. It’s also about enabling people all over the world lead better lives and fulfill their potential.

A real person

In this article, let’s talk about one such person. Erick Guitierrez. He was born in Sao Paulo, Brazil and he made a radical life decision when he was 21 by moving to Ireland because he wanted to have a chance to start from scratch. Not too long after that, he moved to Porto, Portugal, because he had a good chance for a nice life there working as a developer, and he already knew the language and the culture.

After living in Porto for a year, his friends back at home urged him to work on a side project. Mr. Gutierrez was getting a huge flow of questions and interrogations about his bold move across continents. So he set out to create a website full of answers.

He called it Euro Dicas. It started as a hobby but it grew so much that by autumn 2017 it was is a full-time job already. Mr. Gutierrez and his team (yup, he had a team by then) explained to people how to move from one country to another, declare taxes, pay them, get a visa and all the detailed information you need to know to move abroad.

It wasn’t long before Mr. Gutierrez found out that his business depended on overseas income and overseas workers. He was working with six full-time employers and more than 40 freelancers from all around the world. Most of the site’s business came from Brazil.

So he needed to transfer money quickly to his collaborators but found that the high fees, the long waiting times and the unreliability inherent in the traditional way of settling international transfers (the SWIFT system) were squeezing him.

In order to get around all the problems SWIFT has, Mr. Gutierrez tried everything. Remittance services, which are supposed to remove a lot of that friction (and sometimes don’t) and international payment services.

Traditional banks only work at office hours, so Mr. Gutierrez had to choose between doing is work, or being in the phone with a bank’s agent so that those transactions could be completed.

And it was still slow and expensive. Every transfer did cost about 10% of the amount in question, and it took five days to be settled. MoneyGram and Western Union were much faster but also more expensive. And the transfer had to be initiated by somebody on Brazil.

Even as new fintech companies as PayPal and TransferWise went online, they were still not that useful. Again, because the fees were expensive, and the services weren’t great at the beginning.

When you’re an entrepreneur trying to do your own job correctly and expand your own business, this amount of lost time and money are just anathema.

BeeTech global

Then, he discovered BeeTech Global. Back then it was a Brazilian startup that offered to settle international transfers for 150,000 customers scattered all around the planet. BeeTech is one of the many remittance services that are taking advantage of blockchain technology and cryptocurrencies (more specifically, Ripple‘s blockchain, software, and cryptocurrency). Ripple’s tech has made it faster, more reliable and way cheaper to perform this kind of service for BeeTech and many others.

BeeTech allows Mr. Gutierrez to get money from Brazil twice per month on a regular schedule without worries or uncertainty. The same service allows him to pay his employers, scattered throughout Europe, Latin America, and North America to trust him to pay them in time for the work that keeps his business going.

Payments arrive in one day, the process is reliable and transparent, which are critical factors in running smoothly a business that has so many freelancers in so many other countries.

It’s allowed him to scale comfortably using the business’ capital for growing instead of paying transfer fees. That’s possible because BeeTech’s fees can be 80% or less of those collected by competitors, so Mr. Gutierrez spends from 5 to 10 Euros per month on this.

Mr. Gutierrez considers that the service enabled him to grow his business from half a million visitors in 2017 to 1.5 million, on average, per month during the current year.

The growth has been on the 30-40% range. But more importantly, having access to a good, quick and cheap payments system has allowed him to hire collaborators in many places all around the globe.

Mr. Guitierrez is just one example, but he’s representative of lots of small entrepreneurs scattered everywhere in the world whose work and businesses could benefit greatly from better efficiency in international remittances.

According to the World Bank, low and middle-income countries alone transferred $466 billion in 2017. That is equivalent to 3.3 billion meals, 263,07 million monthly bills paid, and rent for 49.9 people.

Cash flow is the eternal challenge for emerging markets. The delay in a remittance can be the difference between paying the rent in time or buying a needed medicine on time, or (like it’s been for Mr. Gutierrez) paying in time the workers that keep your business going thus keeping their trust.

BeeTech is one of the first companies in the world to adopt Ripple’s advanced blockchain systems to settle international payments. It cuts times and costs by dramatic amounts, which is more meaningful for families and small businesses who can’t afford the waiting time nor the high costs.

Just to give you an idea, BeeTech eliminated SWIFT fees and transferences in every one of its corridors and substituted them with Ripple’s advanced transfers based on the blockchain. That move alone brought fees down from $20 to $2 per transaction.

Customers like Mr. Gutierrez are saving that money, and BeeTech as thus been able to increase its transaction volumes.

Beetech (supported by Ripple’s tech) is giving Mr. Gutierrez a trusted, more affordable, faster way to settle cross-border payments. And that’s its business lifeblood to be sure.

So instead of spending endless mornings at the bank trying to cut through all the red tape included in international transfers, Mr. Gutierrez can take care of is how his business and his company are doing. He expects to have twice as many employees by next year. His goal is for Euro Dicas to cover the planet in full and help more people become global citizens.

This is what Ripple can do for Mr. Gutierrez. But also for me, and you, and the world at large. And that’s also why Ripple already has more than 200 strategic partners in banking institutions and remittance services that are learning that adopting Ripple’s blockchain, platforms and cryptocurrency (XRP) is such a good idea. Everybody pays less; everybody is happier.

Ripple is making money move around the world in the smoothest possible way. And that, in turn, will keep the world moving as well.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

DDEX exchange lists Tron Weekly

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Ddex

Ddex.io is a decentralized cryptocurrency exchange. It’s quite innovative as it’s the first one built on the Hydro Protocol. That allows for users to settle their business in real-time and on-chain.

It’s available through the web but also as a mobile app for both Apple and Android smartphones. It supports many of the world’s most popular digital wallets such as Ledger, Metamask, or Brave.

And that support for wallets is one of the platform’s more exciting features because it allows users to trade without ever depositing a single token in the website. You can trade from the security of your own preferred wallet.

According to one happy user,

“The ability to buy and sell tokens directly from my ledger is the ultimate form of security. Decentralized exchanges are providing the safety and security that crypto desperately needs!”

It has a wide selection of trading pairs which include most (if not all) ERC20 tokens, which are those issued using Ethereum’s token technology.

Ddex is safe and convenient at the same time (which are two mutually exclusive characteristics in most cryptocurrency exchanges), innovative, easy to use. And it’s just about to list a new token in the site. That new token is called Tron Weekly Journal (Tron Weekly).

It will start by listing it paired against Tron’s TRX which makes sense because Tron Weekly is a Tron-based token. Then, by next May a new pair will be available against the USDT.

The Tron Weekly Journal

The Tron Weekly Journal is a project within the Tron ecosystem which aims to be a place to concentrate all the ongoing information everywhere on the Tron Network. Tron has grown so much and so quickly, that keeping up with the news has become very difficult. The idea is to have a place where you can find the Tron-related news you need to make decisions and keep your blockchain projects moving forward.

The website (and the project) issue a Tron-based cryptocurrency called simply Tron Weekly (Tron Weekly Journal). The use cases for the coin are quite simply to keep the website going by providing means to exchange value between the project, collaborators, sponsors, advertisers, etc. You can think of it as a newspaper’s own currency.

Exposure to a market as efficient and large as Ddex will surely be a very good thing for the token’s price. Trading volumes will go up; holders will come to know about the Tron Weekly project and its use cases and actually spend those tokens it those ways.

Even those who are not that terribly interested in reading the current news about Tron will be still able to trade Tron Weekly for TRX so they can browse around the Tron Network, vote for Super Representatives, and any of the very cool things we know you can do at Tron.

Tron Weekly is also available for trade at other decentralized exchanges, especially those that support TRX, but there’s every reason to believe that the inclusion at Ddex will be quite a special thing for both parties involved, and, more importantly, for users.

Apart from TronWeekly’s Tron Weekly, the exchange, Ddex listed a couple of other Tron-based tokens today too including Play, Bet, Ante, and Dice.

Image courtesy of PixaBay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

TRON Becomes the Most Mentioned Cryptocurrency on Twitter (Again)

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A recent report by Cointrend_JP revealed that TRON is the most mentioned cryptocurrency on Twitter in the last 12 hours. Surprisingly, it surpassed Bitcoin and Ethereum. Taking a look at the report, it is evident that crypto enthusiasts are more interested in TRON than any other cryptocurrency.

The report comes a few days after TRON achieved the 2 million accounts milestone on its network. According to the report, TRX had 466 tweets, BTC had 172 tweets, Ethereum had 101 tweets, XRP had 75 tweets, and USDT had just 21 tweets in the last 12 hours.

The main reasons for this are believed to be the TRON’s 2 million account milestone and the newly formed partnership between TRON Foundation and Tether to add USDT as TRC20 token on TRON’s network.

Tron is unstoppable

At the moment, TRON has become the top choice for Dapps developers in no time, and everyone is talking about it (no one can’t hide this truth). The blockchain achieved the 2 million account milestone just in 252 days after the launch of its mainNet last year.

It was also recorded that that TRON managed to get 70,000 new accounts interacting with TRX Dapps in the past two weeks, according to Ratingdapp. Other cryptocurrencies such as Ethereum just has 25,887 new accounts in the same time frame. Additionally, the two most popular Dapps games: Epic Dragon and Crazy Live Dogs in the crypto space run on TRON’s network.

TRON’s Partnership with Tether to Add USDT as TRC20 Token

TRON Foundation’s partnership with the Tether to issue a stable coin on TRON’s network allegedly rose the amount of TRON mentions on Twitter.

This partnership was first announced on March 4th; it was aimed to bring Tether’s USDT, which is valued at a single USD, to TRON’s network during the Q2 of 2019. It is important to note that this is one of the vital switches to TRON’s blockchain.

With the addition of USDT as TRC20 token, Tether (which is the 7th cryptocurrency by market capitalization) will become compatible with TRON decentralized applications and other stuff.

No doubt, this partnership is one of the biggest trends in the cryptocurrency space due to the fact that TRX and USDT users will be able to trade successfully on TRON’s network without no issues, thus, allowing the access to stable cryptocurrency when it comes to price volatility.

Given the fact that the price volatility of the crypto space is severe, the addition of a stable coin to TRON’s network is a welcome development which will surely give Dapps developers and traders some assurance when they transact on TRON’s network.

According to the press release, the main aim of the partnership is to boost the experience of “enterprise level partners and institutional investors,” allowing more flexibility and showcasing more ways on how to use the existing protocols on TRON’s network.

TRON is moving up to turn into one of the significant trends in the cryptocurrency space, its recent achievements: 2 million account milestone and Tether partnership are top ones that would go down in history.

Image courtesy of PixaBay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Ripple speed is a critical differentiator in global remittances, says Instarem CEO

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How the company was created

It all started with a friend’s bachelor’s party. No, seriously. It was in Thailand. At least that’s the story told by Instarem’s website.

Let’s see. Prajit Nanu, a former global sales director for TMF Group, also Sales & Account Management at WNS was charged with booking a resort for that party in Phuket, Thailand. For that, he had to transfer money overseas and he found it was a nightmare. It was slow, expensive, he had to cut through a lot of red tapes. It just wasn’t worth it but it was unavoidable.

That experience made Mr. Nanu join forces with Michael Bermingham, a close collaborator. Also an expert in compliance in three different continents (Europe, Asia, and North America). They had a vision together. International payments should be painless. Quick, cheap, devoid of paperwork. And that’s how Instarem was born.

A successful global remittance service

The company now operates in the United Kingdon, the USA, Lithuania, India, Malaysia, Singapore, Hong Kong, and Australia through local offices but it does business in more than 50 countries scattered all around the planet. The company is thriving.

It was the winner of the Singapore Fintech Award Festival in 2017 and declared the Outstanding Digital Cross-Border Money Transfer Service at the ET Net FintTech Awards, 2017.

What’s the firm’s secret for such success? It’s blockchain technology. More specifically, it’s Ripple‘s blockchain technology, software platforms, and cryptocurrency (XRP) which are designed exactly to get rid of almost all the friction still prevalent in the settlement of international payments.

The interview

Mr. Nanu himself explained that in a recent interview. He explained how the market has two main problems to solve: cost and speed. His own focus is in attacking the speed problem first (making international payments as quick as domestic ones). Being part of the RippleNet helps InstaReMit to expand without actively looking for new partners in other countries because every new bank or remittance service that joins the RippleNet automatically becomes a new institution available for business.

YouTube video

When asked why he chose to partner up with Ripple he went back to the question of speed. Ripple’s services and platforms allow his company to solve that problem in a very safe and reliable way which is paramount in his priorities.

This technology allows banks in SouthEast Asia, for instance, to send money to, say, the UK and have the transaction completed in five minutes. It’s huge progress if you take into account that the very same payment, sent through the standard channels, needs at least 24 hours (but often it can be 48 to 72) to reach its destination.

He finished saying “All our success is based on how fast our payments can be”. In other words, all their success is to be Ripple’s strategic partner, more or less. That’s a lot to say.

It seems that every financial institution in the planet who’s giving Ripple a try is falling in love with it, because it really makes things a lot easier for the banks at the same time that it improves the experience for customers because it’s not only so much faster but also so much cheaper.

Ripple has more than 200 strategic partners as we write this, and a new one is announced every week on average.

Image courtesy of PixaBay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Apple’s co-founder says we should all focus more on Bitcoin’s value creation rather than price

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The legendary Steve Wozniak, who was the engineer who designed the Apple II computer alongside the no less legendary Steve Jobs, is now joining other tech gurus in talking about Bitcoin’s potential, which remains the top-ranked cryptocurrency in the world.

Many observers have signaled the current year as one that could make all the difference in the cryptosphere because many interesting institutional projects are scheduled to come online during this year.

Several stakeholders since the start of the year have identified 2019 as a watershed year for digital assets with many important institutional projects set to go live during the year. The most famous example is probably Bakkt, created by Microsoft, Starbuck’s and ICE (owners of the NYC stock exchange), but there are several others.

Bitcoin’s value creation

Mr. Wozniak talked to Bloomberg and said that Bitcoin had created massive value along the time, even if it’s been under the bear’s influence for 2018. He had this to say on the matter:

“We’ve seen massive value destruction but we’ve seen massive value creation. I had a lot of bitcoin, but never as an investor. I only had bitcoin to experiment with and I still experiment with it on new bitcoin devices.”

Coin Dance’s data shows that P2P transactions for Bitcoin are at all-time highs in countries such as Indonesia and Venezuela. For Venezuela, it’s even more obvious, because the macroeconomic situation there is absolutely terrible and people need more help from the digital economy to be able to get by even as the government rejects humanitarian aid.

It’s not the first time in which Mr. Wozniak has expressed himself on Bitcoin’s potential. He’s on record explaining how it will become digital gold, and telling the world that the asset is just “amazing.” On the other hand, he’s not all that excited about blockchain technology which he considers to be a bubble.

He’s not alone in his views. Elon Musk (Tesla’s CEO) recently talked about his appreciation for Bitcoin as well and explained why he thinks it will end up replacing fiat currencies at some point.

At the same time, he explained that Tesla isn’t ready to adopt Bitcoin or any cryptocurrency. But he made it clear that Bitcoin’s network, which allows it to exist outside mainstream currencies and controls, makes it a better vehicle for wealth transfer than fiat currencies.

Think utility, not price

The focus on Bitcoin should be utility and not price, according to Mr. Wozniak. He said he doesn’t care all that much about prices. Which makes sense when you remember that the 2018 bear market (which is still ongoing) made 80% of the market’s value vanish into the air.

For Mr. Wozniak, the whole point is to develop more useful application-cases for Bitcoin. In that regard, he complimented Jack Dorsey who’s been recently supportive of Bitcoin. He said that the new Lightning Network is a step in the right direction for the Bitcoin network because it facilitates Bitcoin adoption in the payments arena.

As last month started, Mr. Dorsey appeared on Joe Rogan’s show. He explained that Bitcoin has the potential to become the internet’s native currency. It has all the specifications needed to be the universal internet currency.

Mr. Wozniak thinks that the industry must be people-oriented. Using cryptocurrencies remains rather difficult for average people which is why mass adoption has still not happened at all. On that subject, he recalled his friend and colleague Steve Jobs as a man who knew how to engineer widespread adoption of sophisticated technologies by making them easier to use. That’s how Apple succeeded. That’s how Bitcoin could succeed too.

Image courtesy of Flickr.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

TRON Hits 2 Million Accounts in No Time

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TRON (TRX) is witnessing an intense growth in the crypto space due to the fact that it is one of the most attracting digital assets today. It enticed more users at the end of last month; during that same period, the CEO of IAmDecentralized.org Misha Lederman stated in a tweet that 1.9 million accounts are present and TRON just needs 21 thousand plus accounts to achieve the 2 million accounts milestone.

Misha’s Tweet read:

“#TRON witnessing massive growth in new accounts over the past 2 days, adding a record of 77,105 new wallets on Feb 27-28. This puts the total number of accounts on the TRON  blockchain at 1,978,032. We’re less than 22,000 accounts away from 2 million #TRX wallets #IAmDecentralized.”

Today, TRON reached the 2 million account milestone. It should be noted that TRON’s MainNet launch was March 4, 2018, and within 252 days, it achieved this fantastic milestone. Ethereum, on the other hand, launched its MainNet on May 20, 2017, but could only achieve the 2 million account milestone within 660 days.

Clearly, Tron is growing way faster than Ethereum.

TRON, the Go-to Platform for Dapps Developers Today

TRON is the developers’ choice, due to the fact that it continues to foster the development of Dapps today. As a result of the developments of Dapps on TRON platform, the number of accounts has increased in a short period.

TRON recorded more than 70,000 new accounts interacting with TRX Dapps in the past two weeks; we aren’t saying this at our own, this is according to Ratingdapp.

In the same time-frame, EOS recorded just 52,974 new accounts, and Ethereum managed to get 25,887. Subsequently, the two most popular Dapps games (Epic Dragons and Crazy Live Dogs) and exchange Dapps (TronTrade and TRXMarket) in the crypto space only run and function on no one else but TRON’s network.

A tweet by Misha Lederman reads:

“#TRON recorded more than 70,000 new accounts interacting with #TRX Dapps over the past two weeks alone, according to the new rating from @RatingDapp. Meanwhile, the two most popular games and the two most used exchange Dapps are housed on TRON. #IAmDecentralized. #TRX #BTT.”

The Introduction of BitTorrent to TRON’s Network

Besides the fact that TRON fosters the development of Dapps, another factor that contributed to the 2 million account milestone was the introduction of BitTorrent. TRON’s network has made file sharing very easy to perform, and fruitful, which is attracting people in bulk.

What Next?

TRON is on the path to becoming one of the top cryptocurrencies in the crypto space. It is important to recall that before TRON launched its MainNet last year, its CEO: Justin Sun, stated that TRON Foundation had paved the way for TRON (TRX) to be among the top 6. No doubts, TRON is progressing towards precisely that with all these developments.

Notwithstanding, TRON attained the number 6 spot in January 2018 but got removed from the place in a short period of time. However, Sun later stated that lots of work are in progress to make TRON regain the same position permanently.

Sun declared:

“Expectations for the future are even higher. Our next goal is to become one of the top 6 cryptocurrencies in the world. We have actually achieved top 6 briefly on January 5, 2018, during TRON’s astounding sprint out the gate. In 2018, we will reclaim and secure this title, which will mark TRON’s global status as a mainstream public blockchain and lay a solid foundation for competition with Ethereum”

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Is the bearish run of crypto over at last? McAfee and Lund: Bitcoin will hit a million bucks

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The crypto winter could be finishing. During February’s last week all of the major cryptocurrencies went up impressively (yes, Bitcoin and Ethereum too).

The market capitalization was over $142 billion (half of it was Bitcoin’s), and the gains were quite stable even on the weekend (the market is slightly in red again today, though). The momentum couldn’t be sustained, so the current total market capitalization is at $124.

Bitcoin reached $4,200 (it’s at $3,757 as we write this), but it wasn’t the only coin going up. Many did increase in value, and some were even more profitable than BTC (Ethereum, for instance, went up by more than 10%). EOS, Tron, Cash, and Litecoin went up by 5% or more; XRP by 4%.

If that trend had followed (which it didn’t) market valuations for many cryptocurrencies would have been green and in two figures. But the most important thing is that that upsurge shows that the market is fighting hard to get rid of the bear’s hug it’s suffered for more than 15 months already. And Bitcoin’s price didn’t have to go all the way down to $3,000, as many people thought, for that to happen.

It’s not crazy to think that the events of February’s last week can be the turning point in which we will see consistent growth. Yes, there will be fluctuations, things won’t be smooth (they’ve never been), but we could be looking at the light at the end of the tunnel, and that’s good news in itself.

Why the upsurge?

An expert at eToro is on the record explaining that the reason for the upsurge could have been Ethereum’s sudden scarcity. It makes sense if you take into account that Ethereum lead the way regarding impressing games during that time period, so it does suggest that Ethereum’s shortage was behind the crypto jump.

But it also had something to do with Samsung. That’s Korea’s larger smartphone manufacturer. The company announced that the new handsets would include support for cryptocurrency wallets, which is a shift in the firm’s past policies. This is relevant because it means that the world’s main tech vendors are realizing that cryptocurrencies are here to stay and that supporting them is the way to go.

Samsung, McAfee, and Lund

And even before Samsung’s announcement of adding built-in crypto wallet in their upcoming Galaxy 10, both Jesse Lund and John McAfee stated an opinion: Bitcoin will go all the way up to USD 1 Million, sooner or later. Mr. McAffee has been saying that for years now, and while he remains an authority in the technology world, he’s been so vocal about it that a lot of neutral observers don’t take him that seriously anymore.

Mr. Lund is a different animal. He’s not a tech celebrity, but he still is very influential because he’s the head of blockchain and cryptocurrencies at IBM. Mr. McAfee says the 1M record will happen by next year’s end, and Mr. Lund gives no dates, he just thinks it will happen.

The future

Ethereum could keep leading the way for some time. The network’s hard fork and update (called Constantinople) has been expected for a very long time (and it got delayed because it didn’t work properly). As that update just went online recently (assuming that it works and addresses some of Ethereum’s most disturbing problems), it could keep Ethereum in the vanguard.

But even if Ethereum doesn’t lead the way, there are plenty of projects in the cryptoverse that have very solid fundamentals and real-life value (Tron, Cardano, Ripple, Electroneum, just to name a few). So, crypto will recover never doubt that. When? Well, that’s impossible to say. In the meantime, we still have a chance to buy cheap.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.