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Tron becomes a privacy coin by introducing ZK-Snarks

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Tron has made lots of progress in all regards since it became independent from Ethereum by launching its own Main Net. The project and the community keep delivering and innovating, and they’re not about to stop. There’s a new development because Tron wants to make Tronix (TRX) a privacy coin.

That would break new ground for Tron, of course, but for the cryptosphere as a whole too because that would turn Tron into the only smart contract and decentralized platform with privacy features because neither Ethereum nor EOS are there.

And how will they achieve that, I hear you ask? Using cryptographic technology, as is usually the case in blockchain technology. More specifically, a technique called ZK-SNARKS. Let’s find out what that means.

ZK-SNARKS, what is it?

Let’s be quick and to the point. ZK-SNARKS is a bit of cryptographic trickery that’s already in use by Zcash, and it enables to wallets to transact between them without disclosing the transaction’s information.

In other words: you can perform a transaction that cannot be traced back to you or the other party while keeping the blockchain’s protocol-specific consensus mechanism. This is one of the ways in which a technology called “Zero Knowledge Proof” can be implemented.

This is one of the most impressive applications in cryptography as it allows somebody to share a specific bit of information without actually showing it or disclosing it. Even professional specialists consider this mathematical technique closer to magic than to math. But it’s there, and it works.

It’s all up to you

The new feature won’t be mandatory, so not every TRX transaction in the network will be private. Every individual user will be free to choose if they want to transact privately or not. Both the “open” and “private” modes will be available at all times, and every TRX holder will be able to switch between modes for any reason whatsoever.

There are circumstances in which the open mode can have advantages as keeping a traceable record would help very much with total transparency (like if you’re running for public office, or are already there). Starbucks, on the other hand, doesn’t need at all to know the way in which you and I have been using our beloved TRX tokens.

Why privacy matters

Everything we do online or offline is tracked in some way. Our banks keep a detailed record of every movement in our credit or debit cards, for instance. That’s been the traditional way of doing things for ages but think about the way in which Facebook, Google or some other third parties also keep track of everything you do and all the information you access over the web.

Justin Sun, Tron’s CEO and founder, referenced this as he was interviewed at the Bad Crypto Podcast “[People] don’t want their privacy stored by Facebook or Google because those people can more easily manipulate the data so they can push ads to you.

You don’t want to share those data with them. That’s why I think the decentralized way becomes a good way to do that [and limit how much data you are required to share].”

The Tron Foundation used its official Tweeter account to announce it’s tackling the privacy problem a couple of months ago:

Tron: The future in crypto disruption

A decentralized smart contract and decentralized application platform that supports private transactions could do away with the monopoly that tech and data companies have over us.

That would go a long way in achieving Tron’s stated objective which is to decentralize the world wide web and get rid of central authorities. It remains a very ambitious goal that still looks very far away from completion. But Tron is just getting started, and this is the kind of news and technological developments that can turn that kind of dream into the new reality.

Image courtesy of PixaBay.

Binance lists BTT, available for trade in 3 pairs

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A couple of days ago, Justin Sun, the founder and CEO of Tron, the 8th popular cryptocurrency in the world, informed the crypto enthusiasts through his twitter account that BitTorrent’s token BTT, which is based on Tron’s TRC-10 cryptography, has been officially launched on Binance (which is considered as the global leader in terms of trading volume in crypto verse).

Interested people can trade BTT with Binance (BNB), Bitcoin (BTC), and Tether (USDT), the tweet concluded.

Binance, which unquestionably has established themselves as the most vibrant digital currency exchange in the crypto-sphere, has been working with BitTorrent and Tron to launch TRC-10 based token BTT and to conduct the public sale (ICO) of the said token on its launchpad which was held few days ago and caught attention when it took unimaginably short time to complete the sale.

Changpeng Zhao, the CEO of Binance applauded the process where 59 billion BTT were sold under 18 minutes. Later Justin Sun, the CEO of Tron also talked about it on twitter.

“It is official: In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. Meanwhile, in the TRON session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds. #BTT $BTT #BitTorrent #TRON”

The news brought a lot of excitement to the Tron community, and they have welcomed the news with open arms and thanked the news bearer in their own unique whole-heartedly way.

Another Tron lover encouraged the efforts of the crypto creator by saying they have their total faith upon him and wish to see him make another miracle like what he did with TRX.

More about BTT

BitTorrent’s users will now be able to utilize BTT (BitTorrent token) as a medium of exchange to tip content providers, purchase downloadable media, and also to participate in crowd-funding on BitTorrent.

People will also be able to use BTT to reward the original owner of the files shared on the platform. In simple words, the token will serve as the payment instrument on the Torrent Network.

The idea behind the creation of this token is to streamline the already running process of peer-to-peer file sharing on the BitTorrent platform, which has a large user base of hundred million, said by Justin Knoll, leader of the BTT protocol, Project Atlas last week.

Image courtesy of PixaBay.

BitTorrent Speed is about to change everybody’s game

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Are you a BitTorrent user? It’s not a rare thing, we’re talking about the world’s largest decentralized network (as we keep writing in many articles you’ll find in this website). So are you the Linux kind of guy? Then you probably use Transmission or Deluge as your BitTorrent clients of choice. If you’re on Windows or Mac then the list of available clients is just endless and each one has its advantages and challenges.

But they all have one thing in common: it doesn’t matter the operating system you use, every client connects you into the BitTorrent network so you can participate in the information exchange that takes place there all the time in industrial proportions. It’s free, it’s quick, it’s reliable. Movies, music, books, software, online courses. All kinds of content are available as torrents. Yes, it’s been controversial at times, but it’s grown and prospered despite huge efforts from several authorities to stop it, at the least, and suppress it for good, at the worst.

The thing is that this is a decentralized network, so it’s like the mythical Hydra. Yes, you can cut one of the monster’s heads. And for each head you cut, three more will grow. Which is why the BitTorrent network has been around for almost a decade and it’s survived every attempt to stop it. It’s shown an amazing resilience because there are just too many users scattered all over the world who enjoy and share the content they get (and provide) from the network.

But if you thought that BitTorrent was too good, hold on. It’s about to get even better.

You may know this already (or not, but if you don’t, that’s why we’re here). The Tron Foundation bought the BitTorrent corporation a few months ago. Why? Because Tron wants to decentralize the web and the content distribution on the internet, and BitTorrent has already been doing that for years.

Tron has a milestone called “Project Atlas” in which the very same torrent network that you already know and love will become a blockchain network that will run over Tron’s Main Net. And that will change the game for everybody.

How will the game change for you? Well, for starters, the BitTorrent corporation will issue a new BitTorrent client called BitTorrent Speed. It will available for you to download and install in the next financial quarter (you can find all about it here: https://www.bittorrent.com/speed/).

This will be the app that will bring BitTorrent into the blockchain world. It will mean further decentralization, higher bandwidths. And even more than that, it will also mean that just by being a BitTorrent user you’ll be able to earn a bit of money. No, really!

If you are a seasoned torrent user you know how it goes. You load the torrent file into your client (or a magnet link) and then you sit back and continue with your day’s activities as your client does the work for you and completes the download. And once the download is completed you become a seeder instead of a leecher (standard BitTorrent vocabulary).

And you would also know that there is not much of an incentive to keep seeding the content once you have it. Why? It takes some of your bandwidth and resources to share it so the cheapest thing to do is just to remove your finished torrent from the network once you have it. Well, now you’ll have a good reason to keep it online for other users to download.

Once Tron completes the BitTorrent integration with its blockchain, users will get rewarded for seeding with a new cryptocurrency called BitTorrent Token. It’s a Tron-based token that you can take to any of the Tron decentralized exchanges and turn it into TRX to use in Tron’s decentralized applications, or even just save it and exchange it for Bitcoin or any other cryptocurrency you can fancy. And yes, you’ll even be able to turn it into your local fiat currency if you so wish.

And that will all start with the BitTorrent speed new client. So keep an eye out to see how this story develops, if you like your torrents it will only be great news for you!

Image courtesy of PixaBay.

Bitcoin is sinking but the Ethereum killer (aka Tron) keeps rising. We tell you why

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Tron is a blockchain network of the third generation which is giving Ethereum a run for its money as a decentralized application platform. It’s surpassed Vitalik Buterin’s platform in the last 30 days, and it’s added more than 30%. Tron’s token (Tronix or TRX) is now in the top ten by market capitalization, it’s in the select list of cryptocurrencies worth more than $2 billion.

Tron’s capitalization is now higher than Bitcoin SV and Stellar Lumens. It’s now eighth by capitalization and that’s happened as the market keeps shrinking and most coins keep losing value. Only a few weeks ago, Tron was 11th place.

Tron has experienced a bull run, mainly because of the success its decentralized apps have had, since last mid-December. In those six weeks, it’s managed to outperform both the USD and Bitcoin, with an increase of 130% in value which is reflected in market capitalization as well.

But it’s down by about 90% from its all-time high, about a year ago. By then it was capitalized at $16 billion. That, of course, happened during the now legendary (and missed) 2017 bull run that propelled crypto to amazing heights. Then the bears came around in 2018 and they’re still around.

But bulls are still surrounding Tron. The project’s community is quite bullish about the token, they’re using it in the very successful decentralized applications deployed on Tron’s blockchain. Moreover, the token’s value is boosted by the upcoming BitTorrent Token sale which begins today and will be available until February 3rd. The new token, which will incentivize seeding at the world’s largest decentralized network, will be available in trading pairs against TRX and Binance’s token.

There will also be airdrops. TRX holders will get a few BTT tokens if they hodl their TRX in a few selected digital wallets (as we’ve reported on this website). The first round will come around with the new month (February). The BitTorrent network will run over Tron’s blockchain, it will remain a professional version fo the file-sharing service that will now be incentivized by the new BTT token. Users will be able to earn passive income by just sharing their files and their content.

And as all this happens, Weiss Ratings are sending Tron’s price even higher by hailing the project’s popularity as well as the coin’s.

“We might give tron a hard time every now and then, but give credit where credit is due: The TRX/USD pair is the most bullish looking chart of any top 10 project right now,” Weiss Ratings informed using its Twitter account “The popularity of this project cannot be denied.”

Then there’s Brock Pierce. Mr. Pierce co-founded a venture capital firm based on crypto. He’s on the record saying that EOS (yet another Ethereum killer) and Tron are doing great if you go by the number of dApps and users they’re serving compared to Ethereum.

The Tron Foundation’s CEO is none other than the occasionally controversial Justin Sun who is a master in PR and marketing and is often under crypto’s spotlight. He’s trying to make Tron the place to go to deploy dApps (which means doing away with Ethereum). And he could succeed on that. Just over the last few days Tron as duplicated its trading volume from $200 to $400 USD million.

As Tron keeps moving forward and growing both as a network and in token price, the cryptocurrency market keeps shrinking and losing value. The market seems to be waiting for institutional investments to wake up and for the regulatory panorama to become clearer. In the meantime, everybody (except for Tron and XRP) are losing.

“When you have a news story that highlights a development, it can cause these sudden leaps [for the likes of tron and other smaller digital tokens],” Mati Greenspan, senior market analyst at broker eToro explained.

“What we’re seeing now is the effect of a flat market—the overall sentiment noise is dying down so individual token developments are getting more attention,” Greenspan added.

Image courtesy of PixaBay.

Tron (TRX) acquires BitTorrent’s BTT record highest daily volume on Binance

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Tron [TRX]’s efforts to push cryptocurrencies into the mainstream realm has certainly captured the attention of users and holders everywhere as the Justin Sun led cryptocurrency does not look to be slowing down. The multiple updates and developments coming from the Tron roster has certainly helped the cryptocurrency regarding price as TRX now rests at the 8th position on the charts after overtaking Stellar and Bitcoin SV.

One major news related to Tron was the recent BitTorrent public sale which was partnered with Binance, the largest cryptocurrency exchange on the planet. The partnership had also recently announced that they had completed the BitTorrent [BTT] public sale in record time. Justin Sun had tweeted:

“It is official: In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. Meanwhile, in the TRON session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds. #BTT $BTT #BitTorrent #TRON”

Post this development, reports show that the BitTorrent token had the highest daily volume on Binance just one day after launching trading with non- TRX pairs. The trade volume on the platform amounted to 23,555 BTC which was more than the combined trade volume of XRP, Ethereum, Tron and Binance Coin on the platform.

The BTT Airdrop to Tron holders is slated to start by February 11. The public sale that occurred recently had taken place in two phases: one conducted by Tron while the other one was conducted on the Binance Launchpad. Binance’s official release stated:

“Token sale prices for each session are now locked and set at:

1 BTT = 0.00001824 BNB (using a BNB price of 6.58000 USD)”

Binance CEO Changpeng Zhao revealed to users that the sale was met with such excitement that it caused a system issue. He had tweeted:

“Both sessions concluded. Took about 18 minutes, due to a system issue, would have taken 18 seconds otherwise.  Demand was astronomical.”

The issue that occurred was related to problems in the “user agreement confirmation” button caching/locking. He even admitted that the earlier stress tests had focused on the buying process and not on the user agreement confirmation button.

Image courtesy of PixaBay.

Tron monthly performance report: TRX during January 2019

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Tron’s growth has been just amazing since it launched its new Main Net last May. Many milestones have been announced by Tron’s leadership, and each one has been delivered in time and working perfectly.

That’s not the rule in blockchain projects in which many milestones are delayed (just think about Ethereum’s Constantinople update which was delayed for weeks, just to give you the latest example, but they’re many more) or deployed without proper testing.

And Tron’s new achievements over the new year’s first month have been every bit as impressive as they were for the previous seven months. Let’s review them.

As we write this, five of the world’s most important decentralized apps are Tron’s (the other five are EOS’s so between those two Ethereum graduates, they’re leaving Vitalik Buterin’s network and technology in the side of the road) according to dappradar.com which you can check for yourself if you’re so inclined.

And that’s just the beginning. TronBet has been the dApp that’s processed the most (crypto) money flow in the world by far, it’s gone north of 24 million USD some days over the month. And that’s one of the many reasons that could see Tron deliver on the promise of being “The Ethereum killer”.

But there’s more.

If you’re updated on cryptocurrency markets, then you’ll know that the market has lost about 80% of its value since December 2017. It’s been a veritable catastrophe and most of the altcoins in the market have lost most of its value. Some blockchain projects have shrunk so much that their very existence is now threatened. Not so with Tron.

Tron has managed to keep growing because the community is bullish about the coin and they’re using it enthusiastically to support the network’s decentralized apps. That’s made Tron’s Tronix (TRX) the eight cryptocurrency by market capitalization as we write this article (but last week it was at seventh). And it could (and probably will) take over Litecoin for the seventh place as the distance between both coins is of about a hundred million dollars and that could be salvaged at any day. The market’s simple natural fluctuations could achieve that on their own.

And on that point, the Tron’s coin market capitalization increased by 500 million USD over the month. The number of accounts went up by 532 Million users and the token’s price also increased by 37%. If you think these numbers are not thoroughly impressive you should take into account that no other blockchain project in the cryptosphere can deliver these kinds of results over the last month.

So what’s next? We’re still expecting for Project Atlas to be completed and for the BitTorrent Token to be launched at Binance. That will see the BitTorrent network (the world’s largest centralized network) transform into Tron’s blockchain technology.

That new development will bring a hundred million new users to Tron’s blockchain, and they will all be using a Tron-based token (BTT) that will incentivize users to seed their content. Once Project Atlas is, at last, online, Tron will become the world’s largest blockchain (yes, it will even beat BitCoin in terms of users) and that will create a new use case for TRX and it will stimulate demand for it.

Tron was amazing in January. And it will only get better.

Image courtesy of Pixabay.

All that you need to know about Tronchat is right here

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Tron is a third generation blockchain network that’s been pushing very hard to develop new decentralized applications and deploy them in its network. Five out of the world’s top ten Dapps are Tron’s including TronBet, which is the world’s biggest regarding cash flow. And there’s a relatively new kid in the block: Tronchat.

As you can probably guess from the name, the new app is all about chatting with your friends and contacts. It’s a new social media that runs on Tron’s blockchain. As it’s happened with most of Tron’s new decentralized applications, it’s not just your standard app, but it’s very innovative in several ways.

The app can be installed on your mobile phone, and it allows you to share media such as pictures, videos, stories, and premium content. You can use it for the chat and for messaging individually or in chatrooms. And it rewards you as a user giving you Evo and TRX tokens.

So how does it work? Well, it’s quite simple. You just download and install the app, create a profile and then you start sharing pictures, videos, stories. Chat with your friends through messages and chats.

Then you can earn EVO and Tron tokens by being an influencer and charging users for subscriptions to your content. Even opening new messages will get you rewards but you can also get tips from other users, and joining premium chatrooms also earns you a reward.

The app is a member of the DAPP Evolution Ecosystem which is an environment within Tron that’s powered by the EVO token. It aims to open new possibilities for the internet of value by rewarding users for the money they spend using the apps. It will be available soon for iOS, Android and Windows.

The new chatting app has been in the works since last December (the project’s latest white paper update happened on December 24th), and it’s about to be launched soon. It’s not just about chatting, though. The idea behind the Evolution family of apps is to return value to users in a way that the internet hasn’t seen so far.

Security and transparency are central values in TronChat (which is a contrast with other social media platforms such as Facebook which have been suffering from some very murky episodes over the last months). Contributions in the platform will empower and reward users who will earn tokens for competing microtasks, watching ads, and reacting and replying to paid inbox messages

The EVO token will go on sale at 20 TRX and it will be useful for buying advertising space at TronRadar, to buy virtual goods and services at TronChat, to compensate premium content and subscriptions at the chatting app, to pay for fees, items at TronCollectibles, to buy exclusive EVO collectibles, to create or to join premium chatrooms, exchange messages and to contribute to dApps at the EVO dApp incubator program.

Tronchat’s core values are fairness, utility, privacy and equal opportunity for all users.

Tron’s community is nothing if not enthusiastic, and Justin Sun (Tron’s CEO and founder) owes his credibility and fame as an entrepreneur to a messaging application called Peiwo, which is China’s dominant communications app. So it will be very interesting to see how TronChat develops.

Image courtesy of PixaBay.

Craig Wright (Faketoshi) goes against Tron (TRX)

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Dr. Craig S. Wright likes to stir the crypto waters. He’s claimed to be none other than Satoshi Nakamoto. He recently attacked Ripple’s technology and token (XRP) (despite the fact that it’s one of the blockchain projects with the best technology, use case, and fundamentals, it’s second by market capitalization as we write this). He also played a crucial role (a bad one in our eyes) in Bitcoin Cash recent fork that saw the project split into two different networks and tokens. This is a man who likes to create controversy for sure, and his latest attack is against Tron.

He used his Twitter account to go against Tron. Here’s his tweet:

https://twitter.com/ProfFaustus/status/1088086434576302081

Not very subtle, indeed. But should we pay attention to this diatribe anymore than we’ve had in the past (just for the record, we don’t take Mr. Wright very seriously, and we doubt very much that he’s Satoshi)?

In this article, we’ll briefly review Tron’s fundamentals so you can decide on your own if it’s indeed such a bad project as Mr. Wright says. So let’s start.

Tron is a very young project. It’s been around for about a year and a half only, and it’s accomplished many notable achievements already. It’s a third generation blockchain which means it’s not all about a currency but also about a programmable platform that supports the development and deployment of decentralized applications and smart contracts.

It was founded by Justin Sun (who is the Tron Foundation’s CEO), who was already quite famous as a technology entrepreneur in China and as a protegé of Jack Ma’s (yup, that Jack Ma, the man behind Alibaba). His credibility in the Asian tech world is beyond any doubts and he’s invested his fame into Tron’s PR and marketing.

The project started running over Ethereum’s network. Then it went its own way on last May by launching its own main net thus becoming independent from Ethereum’s network, the blockchain, and token technology.

As it became autonomous, the new network’s technical specifications were spectacular. Transfer speeds were very high, and the cost of running new apps in the new network was negligible when compared with Ethereum’s high gas cost. It became apparent very quickly that Tron would give Ethereum a run for its money and the phrase “Ethereum killer” became a common reference to Tron in cryptosphere analysis.

Tron has a definite purpose: to use blockchain technology to decentralize the web. This is a very ambitious goal, but we’ve seen harder things happen in digital technology’s history. The aim is nothing short of revolutionary.

Imagine a world wide web in which the information doesn’t flow through the central authorities we’re used to (Google, Yahoo, Facebook, Microsoft, etc.) but in which every content creator can interact directly with his user base without being subject to, say, Youtube’s monetization rules. That’s what Tron is all about, and it’s not as far away from happening as you could think.

Tron bought BitTorrent a few months ago. That is the world’s largest decentralized network in terms of users and traffic. All kinds of content are available in BitTorrent, and it’s about to become a blockchain network. It will run on Tron’s blockchain, to be specific, and that will make Tron the world’s biggest blockchain network. Yes, it will surpass even Bitcoin.

BitTorrent users will be rewarded for seeding their files with a Tron-based token called BTT so sharing your files on BitTorrent will earn you passive income just by allowing your computer to be on.

Tron has a very enthusiastic community that is very bullish on the project’s coin, called Tronix (TRX). The wallet is very easy to use (it’s a chrome extension, in fact), and it has very clear use cases.

Tron is a solid project with very strong fundamentals. Over the last few weeks, it’s gone from 11th place by market capitalization to 8th. And this has happened in a very hostile market that’s seen most other cryptocurrencies shrink in value.

We don’t agree with Mr. Wright. We don’t believe Tron supporters are “dumber than dirt” as he says. We consider Tron to be a project with vision and it holds a lot of promise. But you should make your own mind up. Do you agree with Craig Wright? Do you also think he’s Satoshi?

Image courtesy of Pixabay.

Tron gets added as a pair on BitBNS with Tether

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Today’s market status looks sunny for all the cryptocurrencies as everyone in the crypto-verse (except few) is trending in green, which indeed is a sigh of relief for all the project enthusiasts and authorities.

To talk about Tron, the 8th largest cryptocurrency in the world, if to be named as “warrior”, would not be inappropriate. It is just so, where all the other crypto-currencies were struggling in the bearing trend since the mid of November, Tron not just fought gallantly but also the developments it made and landmarks it achieved during that period to ensure its reliability has started to pay off well.

The past eight weeks have been great for Tron where it has made almost up to 160% gains. Remember, it is that time when bears have had a tighter grip on all the other giants of the crypto-market let alone Bitcoin. This magnificent stride clearly indicates that Tron is experiencing very positive momentum in the crypto-verse.

Just a couple of days ago, Weiss Rating, the independent rating agency which we all know became a substantial name in the crypto-sphere made it public stating, despite the fact that we used to criticize Tron pretty harshly, it has proven its massive popularity in the world.

To talk about the latest achievement for Tron; the day before yesterday BitBns, one of the renowned exchange from India announced that they are going to launch the USDT trading pair for Tron. In its release on Medium, they made it public that the pair will be live from 08:00 PM on 29/01/2019 (that’s already a done-deal, obviously).

BitBns, which didn’t have crypto-to-crypto trading feature until a couple of weeks ago, in response to the ban imposed by RBI (Reserve Bank of India) on Indian crypto companies for using banking services, took the initiative by adding 3 trading pairs with Tether (USDT). The newly announced pairs were USDT-BTC, USDT-XRP, and USDT-ETH. The company had also promised to add more pairs soon. Launching USDT-TRX pair is the fulfillment of that promise.

In its release, BitBns also hinted at its one of the visions for 2019 – to better themselves in making crypto trading effortless and simplistic. They believe that these launching of pairs with Tether is going to bring their vision on the achievable sight.

Tron’s stride at the moment

As we mentioned in the beginning, today’s been slightly good for the digital market so far (hope will continue to be the case). Where every other digital asset is progressing and recovering from the brutal lost, they have had in the recent days.

Tron is down by 1.42% in the past 24 hours, but Justin Sun-led cryptocurrency is not too far from securing the 7th spot from LiteCoin. At the press time, Tron is available for trade at $0.0272 and has a total market capitalization of $1.818 billion.

Image courtesy of PixaBay.

Tron making it to OKCoin kills all the FUD about TRX being security once and for all

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OkCoin is a Chinese cryptocurrency exchange, founded in 2013, that has been expanding very aggressively all over the world. From China, it unfolded into the United States, and it’s currently going for the Latin American markets, a move that surprised many within the cryptosphere as they chose to start with Argentina, offering digital assets for the local Argentinian Peso which is one of the continent’s weakest fiat currencies in the continent. It currently serves 110 countries in the world and is looking to find new markets elsewhere as well.

The move towards Latin America is remarkable because the cryosphere’s more prominent players have mostly neglected this region and the company’s position will be almost unique.

“OKCoin is committed to opening up new markets for digital currency consumers throughout the world, and we are very excited to bring our safe, secure and licensed trading platform to consumers in Argentina,” explained Tim Byun, CEO from OKCoin USA. He added,

“This is just the beginning of our Latin American expansion, as we’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence.”

One of OKCoin’s particularities is that, as it did in Argentina, it offers fiat/crypto trading pairs which are still not that common in crypto exchanges. If you have some experience investing in digital assets you would know that the most common way to enter the market is by buying Bitcoin and then trade it for any other token you fancy if that should be the case. Not with OKCoin.

https://twitter.com/DigitylRise/status/1090382528974733313

The company is not only committed to reaching as much of the planet as it can, but also to offer many trading options. Most of the better-known cryptocurrencies are supported by the platform (0x, Zcash, Stellar Lument’s XLM, Cardano’s ADA, Ripple’s XRP, Litecoin, Ethereum Classic, Ethereum, Bitcoin Cash, and Bitcoin) and, starting today, a new token will be included: Tron’s TRX, and it will be paired against fiat currencies as well.

Established OK clients are now able to use USD or Argentine Pesos to buy TRX directly, or paired against 0x, Zcash, XLM, ADA, XRP, Bitcoin, or Ethereum.

Tron trades at $0.027 as we write this and it’s keeping its 8th place in the rankings by market capitalization, a spot that has achieved over the last couple of months only, as it used to be 11th not too long ago. This is impressive growth in the midst of a bearish market, a feat that only very few blockchain projects have managed over the last 13 months.

And it’s even more remarkable when you remember that this is a third generation blockchain project that’s been around for fewer than 18 months. This is very good news for Tron and for TRX holders as new listings bring about additional trading volume for the asset which, in turn, can create new demand and drive the price up.

Additionally, the pairings offered by OKCoin against Argentine Pesos will offer unique insight into the status of crypto in Latin America, which remains something of a mystery still since many of the world’s larger exchanges are not licensed to do business South of the American border as OKCoin is.

Image courtesy of PixaBay.