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Tron’s Revolution – Heading To Web 3.0

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The Tron Foundation stated recently: We are currently in an era of the Web 2.0 where many institutions are reaping benefits of the centralized internet.” Tron is a crusader of change and is currently laying the foundations for Web 3.0

The change in the transitioning from Web 2.0 to 3.0 is not going to be obvious. The applications will look similar. However, the real change will be seen on the back-end of the DApps.

The evolution of the internet from the web 1.0 to 3.0 according to tech experts testifies the movement of blockchain into another era. From the web 1.0 which was text-based and static to the web 2.0 that steered in an era of dynamic websites, social media, e-commerce, the 3.0 takes a giant leap by letting the blockchain play a crucial role in the future. This will involve decentralization of the internet using the blockchain technology. The use of the release of the first blockchain 3.0 Internet though retains the technology and user-friendly nature of the previous versions, bridges the limitations of them with its faster, more intuitive, and more data-driven internet.

The recent adoption of Tron is because it has perceived the prospect of the internet in web 3.0. After the acquisition of BitTorrent, Tron is in the revolution mood. The partnership between BitTorrent with Tron got dubbed as ‘Project Atlas’. The Tron Founder, Justin Sun is very excited about this revolution. In one of his tweets, Justin Sun has clearly stated that Project Atlas will include content distribution.

Web 3:0, will enable all blockchain platforms, including Tron, to operate freely on a decentralized Internet. Great things are yet to come in the next few years!

 

TRX Price Analysis

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The cryptocurrency market has been undergoing an attack. Several of the major cryptocurrencies like Tron [TRX], Bitcoin [BTC] and Ethereum [ETH] are all buckling under the bear market’s weight.

Currently, TRX is sliding at a rate of 0.39% with a total market cap of $1.447 billion. TRX is trading for $0.022 with a 24 hour market volume of $56.8 million.

The majority of the trade volume is held by Rfinex, which has a grasp on 7.8 million of the total trade volume. Rfinex is closely followed by OKEx which conducted TRX transactions worth $6.85 million on the platform.

chartanalysis

The Tron [TRX] Foundation also recently released news of a new suite for developers to use on the Tron blockchain. This comes after news of the launch of the Tron Virtual Machine [TVM], a Turing-complete Virtual Machine for the development of dApps on the Tron blockchain.

Tron has been fighting to stay among the top cryptocurrencies. The previous spikes caused Tron to jump from the 13th position to the 11th position on Coinmarketcap. TRX also has a ‘hi-bye’ relationship with the top 10 cryptocurrencies, sporadically climbing to the 10’th spot, just to go back down to the 11’th or 13’th position in the next few days. Cryptocurrency enthusiasts are also speculating that Tron may overtake Monero, it’s closest competitor in terms of market cap, soon.

Trx Now Accepted As Payment By Pornhub,Brazzers And Other Adult Entertainment Website

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Pornhub, one of the leaders in the adult entertainment market, had announced that they will start accepting TRX as a payment for the subscription to their paid channel, Pornhub Premium.

Pornhub Aria, the official Twitter handler of Pornhub had stated:

“We’re excited to announce that were now accepting @zencashofficial and @Tronfoundation as crypto currency payment for Pornhub Premium!!”

They confirmed the deal further by creating an advertisement video on their portal that featured Tron saying:

“Pornhub and TRON (TRX): The Future Has Come…Again. @tronfoundation accepted soon on Premium”

The partnership beween  the two parties has been anticipated by the Tron community as the company had teased it for quite some time. The tie up had clearly stoked the curiosity of several TRONics, with NiteShowdow, a Twitter user saying:

“TRX is a token designed to recreate the internet in 10+ years, if ever — not a currency – either way, grats to you 2! Nothing wrong w/ sloppy seconds 😉 Let’s also keep in mind that this is PH, not Mindgeek”

After the Pornhub announcement, Tron went one step further by announcing that TRX will be accepted as a form of payment by other adult websites such as Brazzers, Traffic Junky and Nutakugames. The sheer enthusiasm shown by the Tron community even forced Justin Sun to ask:

“Where would you want to see Tron next?”

Brazzers is a pornographic generation company headquartered in Montreal, Canada. The company’s slogan is “The World’s Best HD Porn Site!” and has a monthly traffic of 37.83 million. TrafficJunky Inc. is a web advertising and digital marketing company founded in 2008 and headquartered in Montreal, Canada.  Nutaku is an adult gaming platform with primarily hentai games. Having headquarters in Montreal, Quebec, and Canada, Nutaku offers games with mature content.

 

 

Tron Praises Binance Charity Initiative; Tronics Still Enthused After Ethereum (ETH) Daily Transaction Take over

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Tron’s Justin Sun was present at the recently concluded World Investment Forum where the CEO of Binance, Changpeng Zhao spoke about the Binance Charity Foundation and Tron’s contribution of $3 million to the cause.

The Tron Foundation has been on a roll with a slew of development announcements and updates. The latest involvement with Binance’s charity initiative is seen as Sun’s instrumental move to increase Tron’s mainstream adoption rate.

CZ, as Zhao is more popularly known, was candid enough to admit during the conference that Tron’s support has been influential and that the use of blockchain technology can solve a lot of issues pertaining to financial transactions. CZ had stated:

“The world of blockchain technology has a lot of use cases and has to be remembered by everyone. Personally, I believe that with better transparency we can have 100 times better results. Moving money to deal with social problems is also another way to increase adoption. The sheer number of people who have donated to the BCF is also amazing, and I would like to thank Justin Sun who donated $3 million to this cause.”

Tron, which is currently ranked 11th on CoinMarketCap, has made investors and the TRONics community happy by revealing that it had surpassed Ethereum [ETH] by four times in terms of daily transaction rate. On 23rd October, reports showed that the total number of accounts had reached 500,000 while the number of transactions per day had peaked to a whopping 630,018.

The Ethereum takeover has created a profound impact in the cryptosphere because of Justin Sun’s previous remarks of Tron taking over Ethereum in terms of transaction speed as well as adoption rate. He had previously stated that the cryptocurrency community should prefer TRX over ETH because of its vastly superior transaction speed and applications built on the blockchain.

TRX Listed On BitBay And Other Cryptocurrency Exchanges

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TRX’s march to become the strongest cryptocurrency on the market seems to be going well. TRX was recently listed on BitBay, a popular cryptocurrency exchange which has coins like Bitcoin [BTC], Litecoin [LC] and Ethereum [ETH] on its platform.

TRX’s listing brings mutual benefits for both parties. BitBay profits from the customer demand of TRX while Tron increases its digital asset’s liquidity. BitBay is a Poland based cryptocurrency exchange and is hugely popular in Europe, ranked on the third place in terms of volume. The cryptocurrency exchange also has over a million users worldwide with a lion’s share of 70% of the total cryptocurrency market in Poland.

Justin Sun, the Founder and CEO of Tron tweeted:

“Tron will be listed on @BitBay, Tronics can deposit, withdraw and trade with TRX/BTC, TRX/EUR, TRX/USD.”

BitBay is not the only exchange that wants a bit of the Tron pie. The world’s largest cryptocurrency exchange by volume, Binance, is also announcing its listing of the TRX/BNB trading pair on its platform. Binance Coin [BNB] was launched to create trading incentives and further monetize the exchange’s services. BNB allows the traders to get a considerable  discount on trading fees when using BNB.

Another cryptocurrecy exchange that jumped on the Tron bandwagon was Satowallet, which already has over 60 cryptocurrrencies in its fold. SatoWallet’s claim to fame lies in the fact they aim to provide offline transactions for all users, old and new.

 

 

 

Tron TRX official talks about how the network is more competent than Bitcoin (BTC) and Ethereum (ETH)

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The cryptocurrency industry looks to be booming with cryptocurrencies like TRX at the forefront of innovation. Recently a video released by the Tron Foundation saw Marcus Zhao, the Technical Manager for the Tron project, speaking on the advantages of Tron over its counterparts such as Bitcoin [BTC] and Ethereum [ETH].

The official also spoke about plagiarism allegations against Tron. He said:

“As far as I know, Tron is the only public chain without any post-launch problems. I don’t know why he said there are many vulnerabilities in Tron. In comparison, ETH, BTS and EOS had block generation problems when they were first launched.”

Zhao further added that the Tron blockchain will have a stronger hold on the cryptocurrency market as it has not faced any problems so far. He stated that in a bid to attract users from other networks, Tron had gone ahead and made the Tron Virtual Machine [TVM] compatible with the Ethereum Virtual Machine [EVM]. Furthermore, he said:

“However, the management and consumption of resources are created by us independently. Moving on, TVM will be made compatible with more virtual machines.”

Users and holders were also informed about the future developments of the Tron Foundation. According to him, the features such as Anonymous Transactions, Multi-signature, BFT Consensus Mechanism and more will soon be implemented on the Tron blockchain. He also stated that Tron will continue to improve the current features and usability of the public chain.

The Tron official also touched upon the all-important Super Representative program, calling it a foundation for greatness. In his words:

“Currently, all 27 SRs have been elected, distributed in Africa, Europe, America, China and other parts of the world. The 27 SRs are competent enough to manage the whole network.”

 

TRON Mainnet Accounts Surpass 500k In Less Than Four Months

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Justin Sun, the CEO and owner of Tron announced that the Tron ecosystem is getting better day by day. The number of DApps on Tron Blockchain gushes, and reached 500K Mainnet Accounts Reach in just 4 months. The urge for people to create more than 500,000 accounts on Tron’s mainnet shows their sheer interest in the Tron platform. This means that the network is growing by about 100,000 accounts per month.

Tron’s blockchain project, aimed at building the infrastructure for a fully decentralized internet, activated their much-awaited virtual machine on Oct. 12th. Since its launch, the four-month-old Mainnet’s accomplishment is quite noteworthy. The recent hunch among the cryptomarket is that this new activation of the Tron Virtual Machine (TVM) might be a turning point for the blockchain platform. Indicators show that the rise in the number of Tron-based DApps, if retained, could further increase the number of users of the platform. With the TVM in action, developers can easily test their smart contracts now.

Tripling of Tron-Based DApps in More Than a Week

Recently a lot has been happening to the Tron-based DApps. The scenario shows a clear picture of them tripling in more than a week, which is an unseen picture. The “State of Tron DApps” page on the company’s site shows around 49 decentralized apps which are in the way of various stages of development, either as a concept, prototype, progress, or as beta.

Prior to October, Tron has had only 18 DApps live on the network. Whereas now, after the TVM’s launch it is raised to 49 DApps, which shows Tron’s ride to success with 31 additions in just a little over a week. If this massive creation of DApps continues, Tron will see more and more people thronging on its platform, which should increase the value of TRX.

The best part is the boost up in the number of accounts of Mainnet when it breached its 500K mark. In its Oct. 13 – 19 Tron Weekly Report states that as of Oct. 17, the company saw the accounts crossing 500,140, which reveals that its average daily transfer is around 146,000, equalling its single-day volume peaking at 440,135.

The number of accounts on the platform is significant, considering that it was launched just four months ago. Moreover, the platform posted a steady monthly growth rate of more than 100,000 new accounts per month. After Tron’s respective launches, when compared to those that of its rivals, Tron’s total number of accounts is 20% more of EOS and 13 times more than that of Ethereum.

Watching Institutions Set Their Ambush For Bitcoin

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Thinking bitcoin will not go exponentially higher is betting a $44 billion empire will fail.

For the last eight months of this crypto nuclear winter, I’ve watched this dance of the red candles on the chart and just grimly smiled.

Instead of continuing to build the $USD value of my portfolio, I’ve realized that’s not the important number. The portfolio value in bitcoin (BTC) is the key and that is still strong — this is a long war, be patient.

This was reinforced a month ago reading about Mr. Sprecher, the owner of the New York Stock Exchange (NYSE).

He went from buying his first exchange for $1 or $1,000 — he says he doesn’t remember which. He used his house as collateral, and built that into a $44 billion empire.

I’ve read the article five times.

A lot of people talk about winning, but few get in the arena. He’s not building Bakkt because he needs more money, he’s building it because he likes the challenge — the thrill of the win.

It’s a feeling that once you’ve experienced it, almost makes the rest of life means less without it. I get it.

Fortune article on NYSE Owner — bitcoin exchange startup

I then circled November 1st on the calendar, which is when the Bakkt exchange goes live with futures contract being physically backed with BTC.

The Fortune article was a call to arms, telling the other institutions they have three months to get into position.

Once Bakkt is live, betting BTC won’t go exponentially higher is betting a $44 billion empire that owns the NYSE and has been a silent partner with Coinbase since 2015, is going to fail at launching a crypto exchange aimed at institutional clients.

Doubt it.

Think about Bakkt having been a silent partner with Coinbase since 2015.

I thought I was brave the first time I hit send on a $10,000 buy order and vaporized money from my bank account into the matrix to buy bitcoin.

But nope, turns out I wasn’t that cool, cause here’s Mr. Sprecher, just quietly in the back of Coinbase xeroxing their entire operation and building Bakkt a year ahead of me in 2015. Just absolute respect for that move.

There are patterns to everything. Ian Fleming said it first – twice is a coincidence, three times is enemy action.

I started looking for other data points, to see if they lined up and if a pattern would start to form.

I didn’t have to wait long.

Three days later on August 6th, Business Insider reported Goldman Sachs was looking at offering a custody solution for investors.

Goldman Sachs crypto custody

I immediately searched for other institutions looking to offer custody solutions and saw an article I had missed.

On July 31st, Bloomberg had written the 129 year old bank, Northern Trust, was testing proof of concept for crypto custody.

Northern Trust crypto custody

I find it hard to overstate the importance of Northern Trust coming into this asset class.

Northern Trust is a private wealth bank who has never, in 129 years, had even a whiff of impropriety. Their average private wealth client is worth $900 million. They serve 25% of the Forbes 400 wealthiest families in America.

Think about that, have $900 million in your accounts at Northern Trust? Half the clients there have more money than you.

And now they are announcing a bitcoin custody solution.

There’s just no hiding what that means. Institutions are coming, and they’re bringing trillions with them. Get set.

Northern Trust Private Investment statistics

Probably the most talked about ETF proposal in the space is the CBOE ETF. Not really going to say much about this other than the link below is a great breakdown of the proposal. It goes into detail on what makes the CBOE’s proposal vastly superior to the other offerings to date which the SEC has not approved.

CBOE ETF breakdown

On September 8th, Coinbase announced it was joining the crypto ETF arms race and seeking help from BlackRock.

To be fair, BlackRock in the past has said they have no interest in crypto, but we’re talking about a $6 trillion dollar asset manager. They aren’t going to tell anyone what they’re doing before it’s done.

For an example of scale, the entire gross domestic product produced by Germany, the powerhouse of the European Union, is 3.467 trillion (2016).

BlackRock manages almost twice that at $6.3 trillion.

Coinbase exploring ETF

On September 9th, Citigroup, one of the big four banks in the U.S. (JPMorgan, Wells Fargo, Bank of America, and Citigroup) announced it had developed an instrument it was calling a DAR (Digital Asset Receipt).

The DAR would work similar to the American Depositary Receipt (ADR) most institutions currently offer for investing in foreign markets.

Citigroup is currently one of the largest issuers of ADR’s in the world. They have a long established track record at this practice, issuing ADR’s since 1928.

As one of the big four banks in the U.S., Citigroup holds over 8% of total U.S. deposits by itself ($893 billion out of $10.7 trillion).

So essentially Citigroup is going to use a similar strategy for offering bitcoin and other digital assets to their customers in a product which will look and feel very similar to an ADR — which customers are already familiar with and has been used for the last 90 years.

Business Insider — Citigroup Digital Asset Receipts

On September 13th, Mike Novogratz called the bottom of this bear market. He took a screenshot of his Bloomberg terminal and showed the BGCI chart on twitter…don’t read the comments on his post unless you want to lose faith in humanity…People who have no idea the BGCI is proprietary to a Bloomberg terminal, which has a yearly subscription cost of $24,000 were throwing shade at Mr. Novogratz for no other reason than they were just emotionally bearish.

Most people don’t realize that Mr. Novogratz was one of the original backers of his friend from Princeton, Dan Morehead.

Mr. Morehead launched Pantera Capital in 2013, making the call to buy bitcoin at $103.

The Pantera Bitcoin Fund is up over 10,000% now.

Point being, these are data driven, very successful gentlemen who have built fortunes. So when someone of Mr. Novogratz’s stature is taking a screenshot of his Bloomberg terminal and publicly calling a bottom, that’s another data point lining up with the pattern.

Mike Novogratz calling the bottom on the 13th

Also on September 13th, Mr. Tom Lee, from Fundstrat, was speaking at the ETC Summit 2018.

I found their livestream on Youtube and watched Tom Lee’s presentation three times. It begins at 5:05:38.

Tom Lee’s callsign should be SteelRain — always on station with no emotion and accurate data on rapid fire.

He drew some very interesting comparisons against other recessions, showing the important metric was the 100% retracement of the last parabolic move up, not the timeframe it takes to retrace.

The fact that Mr. Lee and Mr. Novogratz were essentially saying the same thing, on the same day, half a world apart. Whoa, we’re danger close now.

Tom Lee’s presentation

So if you’re like me, been in the market for a couple years, great. The best thing I can think to do now is nothing. Keep getting some gains in the gym, and get out and live life. There’s a lot more to it than candles on a chart, and this is a long war.

If you bought BTC at $18k last winter, stay calm. Yeah you’ve been hurt, but you aren’t going to bleed out. November is around the corner. Be proud that you’ve waited out a longer bear market than the Baby Boomers did in 2008. You’re a veteran now.

And if you don’t own crypto yet, but see the value in it, and are waiting for a cheaper point to get in…may your wifi connection be fast, and your exchange not go offline.

You’re going to be in a crowded knife fight with everyone and their mother at $5,000 and below. Look at the PBV (Price by Volume) chart.

Just something to consider. None of this is financial advice.

I’m betting a $44 billion empire doesn’t lose. See you in 2019 — Radigan

 

Tron To Be Faster Than Ether And Cheaper Than Ethereum And EOS

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Recently, Justin S, the Founder and CEO of the Tron Foundation talked about the upcoming Odyssey 3.1 upgrade and its repercussions. The main point of Justin Sun’s discussion was the fact that the upgrade will result in Tron overtaking Ethereum and EOS when it comes to speed as well as cost effectiveness. He stated on Twitter:

“The TRON Committee function & TVM will go live, marking the start of the Smart Contract Era. TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you! $TRX”

The talk about the upgrade comes in the wake of TRX being supported by multiple exchanges with the latest example being that of Bitfinex who has agreed to support TRX trading pairs with three popular fiat currency namely, the Pound, the Euro and the Japanese Yen.

Tron was languishing in the 13th position in the cryptocurrency charts but multiple developments and market disrupting ideas boosted TRX on the 11th place.

Tron Partners With Baidu

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One of Tron’s biggest partnerships was announced on October 18th  when Tron Foundation revealed that it had teamed up with Baidu, the Chinese technology behemoth. Tron announced that the new partnership will pave the way for better blockchain technology based solutions which will be assisted by cloud computing resources. The official Tweet by the Tron Foundation stated:

“#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX”

Prior to the official reveal of this news, the Tron community was taking turn to guess who the secret partner was. Some users had even speculated that the partner could be Pornhub or Alibaba. The Baidu announcement tweet was also shared on social media platforms by Justin Sun.

All the details of the partnership are not out yet, but initial reports show that with this new deal, Baidu will step into the blockchain world under the Blockchain Centralization Super Partner Program 1.0. This is a stepping stone for Baidu to utilize the advantages provided by the distributed ledger technology.