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John McAfee expresses fondness towards Tron-based decentralized content sharing platform

By | Edited By Ali Qamar,,

Getting some praise is something that is welcome by merely everyone, but when it comes from someone widely-trusted, it becomes even more than just being praised, ask Tron. John McAfee, a well-recognized identity in the crypto space and fugitive US presidential candidate, has expressed some love for the upcoming Tron-based decentralized content sharing platform, VibraVid.

Tron has slowly but surely made some significant steps over the past as it looks to establish itself as the best blockchain platform. Tron CEO has been vocal about the progress it’s making and has claimed that the future is even brighter saying that the upcoming platforms, as well as tokens based on its protocol, are significant.

Subsequently, Tron is being listed on various exchanges while the number of DApps users on its platform continues to grow and the recent hard fork update will only take the network’s security as well as performance to the next level. Therefore, there’s no doubt that every move that Tron has made is the right one thus far and hopes to bring more folks into the blockchain space.

Nonetheless, the praise from McAfee is a morale boost for Tron given that he’s a well-established identity in the crypto industry. In his tweet, McAfee showed love for Tron-based VibraVid which is expected to provide artists with direct compensation based on their work.

All You Should Know About VibraVid

VibraVid is a decentralized content platform which is viewed as direct competition to YouTube and the likes. It aims to change the relationship between the consumer and the content creator. The most significant factor of change will be monetization as VibraVid promises direct compensation to the creators.

Either BeatzCoin or BTZC would be the cryptocurrency of use on the new platform whereby the creators will have all the power to upload, store, rent, market as well as sell their content to consumers. VibraVid aims at making its BTZC token the fuel of the new platform that creators, as well as consumers, exchange digital content such as videos and songs.

In McAfee’s words,

“Supporting underground musicians, and helps any artist take control if their own work. Very freeing.”

Tron on a roll

Unlike other coins that saw the light early, Tron has been around not long enough; still, one thing is clear that it has created an impact in the decentralized sector already. It serves as an ecosystem for the creation of decentralized applications as well as tokenization.

The effort the developers are making is excellent, and currently, the network is competing on the front foot with coins like Ethereum to become the biggest launch pad for a variety of DApps as well as Token creation.

Besides, Tron is experiencing an expanding usage as each day passes with TRONbet decentralized app currently being the number one app in all Dapp platforms amounting to over $36 million transactions per week. With new updates and features getting deployed including the hard fork update, Tron’s decentralized web will only be gaining some more momentum.

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.

Want to buy Bitcoin with PayPal? Here are five easy ways for you

By | Edited By Ali Qamar,,

A few years back buying bitcoin was indeed an overwhelming process, but currently, the pendulum seems to have shifted to the more relaxed side of purchasing bitcoin. The reason is quite apparent, for the past few years there have been a growing number of exchanges, payment methods on the upward trend, and the buying process is simplified.

For years, PayPal has remained to be a top online payment processor across the globe. Therefore, it’s a no brainer that most folks are looking for means to buy crypto, especially bitcoin with PayPal.

PayPal is Providing Answers

Here’s the thing…

Buying bitcoin using a secure payment method such as PayPal is possible, but we have to agree on one thing that the process can be somewhat challenging to do. But never mind that difficult part because after all, it’s possible, right?

Why is it difficult to find a credible place to buy bitcoin with PayPal?

That’s the question that answers why PayPal doesn’t allow it easily. For instance, there have been several chargeback cases whereby scammers purchase bitcoin with PayPal and later claim not to have received anything. In the end, they get their bitcoins along with their money.

However, you don’t have to worry as here are some of the best ways you can buy bitcoin with PayPal without any issues.

Five Options for Buying Bitcoin with PayPal

In January this year, Virwox shut down its PayPal deposits, and since then it has been challenging to obtain bitcoins via a PayPal account.

One thing for sure is that there’s no direct purchase of bitcoins with PayPal at the moment, you can’t reverse bitcoin. Perhaps, there are other options for buying bitcoin with PayPal which include:

  1. Wirex
  2. eToro
  3. p2p marketplaces LocalBitcoins and Paxful
  4. Virwox

Using Virwox

Virwox.com may have shut down its PayPal deposits, but it by far happened to be the best way to buy bitcoin with PayPal. It offers a way past the chargebacks by using a virtual currency SSL (Second Life Linden Dollars) as mediation means.

All that is required is to deposit using PayPal to Virwox exchange and then purchase SSL with the EUR or USD deposited. Then you can buy bitcoins with the SSL after which you can withdraw the bitcoins to an own bitcoin wallet. The process may look complicated, but it works reliably. The only drawback is the associated fees at roughly 10%.

Using eToro

eToro.com is a non-US exchange with relatively low fees and accepts several payment methods. Here you’re allowed to buy crypto with PayPal (bitcoin in this case), but not able to withdraw or send them to other individuals. It means you can only change them to fiat money; hence that’s going to be just investing in bitcoin and not buying the actual coin.

P2p marketplaces LocalBitcoins and Paxful

LocalBitcoins.com was created for real people to meet and exchange bitcoin, and for that reason, it has made the process secure and safe. Buy bitcoin on LocalBitcoin only requires finding and connecting with an individual willing to accept payment with PayPal for bitcoins (there are many).

On the other hand, Paxful.com allows the users to create an account (of course, you create an account on LocalBitcoins mentioned above for bitcoin purchase using PayPal), find sellers as well as an exchange in PayPal for bitcoins. It uses escrow service that provides additional security for the buyers and sellers alike.

Using Wirex

Like any debit card, Wirex can be used with a PayPal account. It has medium fees with taking an extended period to complete as a drawback. There’s no assurance that the transaction can be successful as they are not partners (Wirex and PayPal) hence a method that should come last on your list.

You only order a virtual or physical card from Wirex and connect it to the PayPal account and verify. Deposit to PayPal and withdraw them to your Wirex account after which you’ll be able to buy bitcoin with the funded Wirex debit card.

There’s no denying that buying bitcoin with PayPal is safe as well as secure, but the fees paid are quite large. However, if PayPal is your preferred payment method, then you now know where to go and buy bitcoin using PayPal instantly (almost).

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 grabs the 2nd spot while EOS remains number one on China’s latest crypto ratings

By | Edited By Ali Qamar,,

China released the rankings of major cryptocurrencies in the crypto space recently, again. China’s Center for Information and Industry Development (CCID) performed the rankings which involved about 35 crypto projects. This time around, TRON – the surprise inclusion – claimed the number 2nd spot in the rankings.

The motivation of CCID for TRON’s second spot is due to the fact that the blockchain has a high throughput, high expansion, and reliability.

CCID listed these top 35 cryptocurrencies by market capitalization based on “Basic tech,” “applicability,” and “creativity.”

It should be recalled that last year, Ethereum occupied the second position, but this time around, TRON dethroned Ethereum, which now ranks third in the CCID rankings.

EOS still remains at the top while Bitcoin (placed at the 15th place previously) moved up a bit to the 13th spot. Subsequently, Bitcoin Cash moved to the 27th spot after being at the 28th spot in the previous month.

TRON is the newest addition to this ranking, and it is already occupying the second spot as a result of so many factors. TRON was launched May last year; in less than a year, this blockchain has been able to come up with great innovations in the crypto space.

Additionally, CCID termed TRON network as a “blockchain technology that is compatible with Ethereum Smart Contract.” The Chinese authority on blockchain was also motivated to move TRON to the second spot as a result of its active transactions and the number of Decentralized applications on its network. With that, TRON came out with a total evaluation index of 145.6, thus, placing it second to EOS blockchain network.

Furthermore, CCID also made it known that the scrutiny of the present rankings was high, but overall, most cryptocurrencies such as Bitcoin, NANO, Verge, Qtum, and BCH improved on their rankings.

A Chinese domestic project GXChain with TRON, EOS, Etherum, and Bitshares sits at the top in the basic technology category. It is necessary to know that this category involves cryptos with good technical output, function, performance, and safety.

On the terms of applicability cryptocurrencies such as Ethereum, NEO, TRON, and Ontology are on topmost.  The applicability category has to do with supporting practical applications, which includes wallet applications and development support.

Surprisingly (given that China hasn’t been a fan of BTC), in the creativity category, Bitcoin took the lead and other cryptocurrencies: Ethereum, EOS, Lisk, and TRON followed.

Litecoin which occupies the 5th position by market capitalization has a shallow grade when it comes to the category of basic technology, and it ranks 34th on CCID’s ranking. NEM (XEM) has the lowest overall rating on the ranking with just 14.8 points.

No doubt, the latest TRON rating on CCID has generated good vibes in the TRON community. At the time of writing Bitcoin is trading at $3846 with a market capitalization of $67.56 Billion. And, TRON currently stands at the 9th position with a market capitalization of $1.58 Billion.

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.

Dapps Get a Boost as TRON Virtual Machine Makes Use of WebAssembly

By | Edited By Ali Qamar,,

TRON has enhanced Dapps on its platform as its virtual machine utilizes WebAssembly. TRON’s new step has driven lots of attention far and wide, due to the big advantage that WebAssembly has.

TRON has lots of Dapps developers on its platform today; no doubts, WebAssembly will increase the growth of TRON and also the creation of Dapps on its network.

About WebAssembly

WebAssembly (Wasm) is a Binary instruction tool for virtual machines. WebAssembly is designed for the collation of high-level programming languages such as Javascript, C/C++, thus, allowing its own distribution on websites for sever or client apps. Today, popular web-browsers such as Mozilla Firefox, Google Chrome, Safari, and Internet Explorer, are making use of Wasm.

Wasm will replace notable web programming languages like Javascript and C/C++ in the future; this is due to the fact that it is encoded in an efficient binary format. Also, Wasm makes use of normal hardware proficiencies seen on different sites.

WebAssembly is safe to use. Its memory-execution environment is used on existing Javascript virtual machines. Additionally, WebAssembly is very open and debuggable; due to the fact that it is in a printable word-based format for debugging and writing web-programs by hand.

The Importance of WebAssembly to TRON Virtual Machine

The blockchain created lots of decentralized applications today and it has showcased its use-cases in many ways.

Blockchain platforms such as Etherum, EOS, and TRON are committed to the creation of decentralized applications (Dapps) and they make this possible through their virtual machine. A virtual machine helps in the creation of Dapps and Smart Contracts. A Virtual Machine also executes Dapps and Smart Contracts flawlessly.

Today, the virtual machine on platforms such as Ethereum has not been able to attain its full heights due to the fact that Dapps developers have to work in a solidarity code so that the virtual machine can be able to understand the programing language used.

Hence, with the acquired WebAssembly on TRON network, Dapps developers can create Dapps in any programming language they choose to use, without any limitation.

With TRON adopting this new technology, the adoption of Dapps will increase in the future.

TRON Launches 3.5 Hard Fork Upgrade Today, on February 28th

In other news, as planned by the Sun-led blockchain, TRON underwent a hard fork on 28th of Feb, 2019 (today). In his typical (and cool) way, TRON’s CEO Justin Sun announced the upgrade on his official Twitter page.

Sun tweeted a few days ago:

“TRON will launch 3.5 hard fork upgrade on 2/28. New Features: 1. Multi-sig and act mng, institution ready 2. Dynamic energy adjustment to real-time network performance 3. 50% up performance & res usage 4. Better VM safety, events server for Dapps. GO! #TRX $TRX.”

And as we have seen so far, Sun didn’t fail this time either. The upgrade has been made successfully. The main aim of this hard fork – according to Justin Sun – is to add new features and enable better security on TRON network.

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.

Voyager adopts XRP, here’s what it means

By | Edited By Ali Qamar,,

Voyager

Voyager is a U.S.-based cryptocurrency exchange platform. It is still quite a young project (it’s been online since last October only) founded by Stephen Ehrlich, Philip Eytan and Oscar Salazer (who is famous as an Uber co-founder) and Gaspard de Dreuzy.

It’s an exciting platform (more on that later) but it’s still somewhat limited as it’s available only in a handful of states within the US (Wisconsin, Pennsylvania, Montana, Missouri, Massachusetts, Kentucky, Illinois, California, and Arizona) but it’s pursuing approval in all 50 states as well as overseas.

The platform includes a mobile app, but it’s available only for Apple mobile phones. That obviously leaves the Android market out of the equation.

Another interesting feature in Voyager is that it allows you to buy cryptocurrencies using your own fiat money, by linking your card or bank account into your Voyager account which is not that common.

Most cryptocurrency exchanges in the web are crypto-to-crypto, which means that there’s not much point in joining them unless you already own some digital assets, but you can’t buy them with your local currency except for a handful of platforms.

So if you’re interested in getting a piece of the XRP action, Voyager could be precisely what you were waiting for. It’s commission-free as long as you use USD to pay for your tokens. And XRP is available at Voyager since last Wednesday.

Ripple’s XRP.

XRP is the cryptocurrency native to Ripple’s blockchain technology. It’s not meant to be a retail currency (like Bitcoin or Litecoin, etc.) but to be a means of exchange that can eliminate global transactions between banks, remittances services, and other traditional financial institutions. As such, it’s unique in the crypto verse because it’s backed up by a private company (Ripple).

Also because that company is trying to build up the coin’s value through real-life use cases and authentic demand instead of the speculative pressure that still drives the cryptocurrency market, and it’s succeeding if you take into account that XRP was the most profitable coin during 2017 (the one year in which almost every token was profitable) and it’s been growing in terms of market capitalization.

Starting to trade in XRP is quite easy if you choose Voyager. All you need to do is to download the app (Apple, only for now). Then you register, open your trader’s account and fund it. You can start with as few as USD 10.

As we write this, XRP is trading at $0.3153, and it’s ranked third by market capitalization. 41,365,634,610 XRP tokens are in currently in circulation with a billion more each month, according to the terms of Ripple’s monthly escrow contract (the company still owns most of the tokens).

So if you’re in the iPhone camp and are interested in joining the cryptosphere as an investor (not only in XRP, Voyager supports several other assets), it’s probably never been easier or cheaper. Just get the app and start doing your thing.

You can find further information at investvoyager.com if you’re a US resident. So welcome to Crypto and have happy hunting!

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.

Five reasons for adopting Bitcoin Cash

By | Edited By Ali Qamar,,

The cryptocurrency market has been volatile and in free fall for more than a full year now and one of the assets that have had the least negative volatility recently is Bitcoin Cash. So why are we not using it? We’re glad you asked! In this article, we give you five very good reasons to adopt Bitcoin Cash for your everyday payments.

Lower fees

The transaction fee for Bitcoin Cash is cheaper than a single penny. The blockchain has relatively large blocks, but most of them are basically empty, compared with Bitcoin. A Bitcoin Cash kilobyte costs a cent.

Bitcoin will probably reduce the block size

There’s talk among the Bitcoin community about making the block size smaller. The smaller block could stimulate the usage of some of the new developments in the network (like the lightning network) but what will happens in terms of usability for end-users?

The battle for the block size in Bitcoin Cash already created forks in the project, which now has two versions. There’s a reason to believe that it would have happened anyway and the disagreements about the block size were not the determinant factor in a fight that was unavoidable anyway.

Many users like to transact directly on-chain (no third party software). The thing with Bitcoin is that, unless you really use it very frequently, it’s rather pointless to set up payment channels or figuring out how to use specialized software. You’ll have to do it, sooner or later, but there’s no rush and there are plenty of good wallets like Coinomi and they will be properly updated so you don’t lose any features.

Spend BCH, keep your BTC

Competition for Bitcoin fees is real these days. For instance, if you want to move some of your wealth between different exchanges,  the fee for doing it with BCH could be lower than for BTC, and it’s usually lower indeed. It’s cheaper, it can be quicker, and once you make your movement, you can convert it back to Bitcoin, if you so wish.

Bitcoin Cash has adoption

Wherever they take Bitcoin, chances are they accept Bitcoin Cash as well, which is not something you can say about Bitcoin SV. It’s been losing a lot of value while Bitcoin Cash is twice as valuable as it was when the fork happened. The long-term performance for both coins is anybody’s guess, but as things stand today, Bitcoin Cash is the better way to go for sure.

Maximalism is jejune

We’re not in the maximalist camp at all. It’s a childish way of looking at things, and it doesn’t make it easier for newcomers to join. All three versions of Bitcoin have something good about them, which is not surprising because they are almost the very same technology.

BTC and BCH are more liquid for now, but the Bitcoin SV developing community is quite interesting because it doesn’t allow for market performance to get in the way of writing good software, so there’s a reason to be positive about Bitcoin SV as well.

Besides, cryptocurrencies are assets, not families, religions, tribes, or things of that sort even if there is a bit of tribalism in the cryptosphere.

But it’s time to go back to the initial question. If prices are going to be stable, what’s the point in using Bitcoin? Developers don’t really want us to transact on-chain right now. They want those transactions to power the Lightning nodes. So why not just make them happy and transact on Bitcoin Cash instead of Bitcoin?

Don’t get us wrong. Bitcoin was the first cryptocurrency in human history and it remains the most important one by far. But we have more options currently and some of them may not be as powerful as Bitcoin, but they are more practical and easy to use to transact and transfer wealth. We just think it pays off to keep your options open.

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.

Bitcoin in 2019: Will it surge again this year?

By | Edited By Ali Qamar,,

Most investors in the crypto verse focus mainly on a cryptocurrency’s price. That is the nature of the beast, and the same thing happens in almost any other market (Forex, commodities, stock exchanges, you name it).

That emphasis on the price is known as “market technical analysis,” but it’s not the only way to go. There’s also a different point of view known as “fundamental analysis” which goes for intrinsic value rather than price.

Bitcoin as a payments company, not just as a coin

In this article, we’ll share with you a different way to approach Bitcoin. It is a currency for sure, but it has a strong use case that’s often ignored by analysts because of the stress in price.

Try for a minute to forget everything you know about BTC. Imagine it’s not a currency. Think of it as a global payments system, and you’ll start noticing some interesting facts.

2018 was a complete disaster for Bitcoin as you surely know already. It went down from $17,000 USD to $3,000 USD. So it didn’t do very well as a coin. But as a payment system?

If we considered it from that angle, it did very well, and it would have had around $300 Million in sales over the year. If we approach BTC as a payments company, it’s a very successful one. It already moves as much money around the world as MasterCard or Visa do.

Besides huge sales throughout the year, its profitability has increased exponentially over the last 11 years and the total fees paid to miners over the last eight years would be north of 1.5 billion dollars.

It’s not only a payments company. It’s a gargantuan one, and it’s thriving. It has no marketing budget, and the network only becomes stronger as it grows. So those number can only go up in the future.

Think about companies like Amazon, Tesla Motors or FedEx. They are global giants, and they lead the way in their respective industries. But they were not born so successful, each of those household names needed at least five years each to take off, and look where they are now.

And that’s precisely what could happen with Bitcoin in the future. Not necessarily as a currency but as a payments organization that will create billions of dollars in fees for miners.

And what about the price?

The fees went down during 2018, as the market has been in free fall for more than 15 months now. And that could mean that we’re about to see the market go back up once again, as it’s happened every time in the past after a crash.

The last time we had such a protracted period of losses was from 2014 to 2015. Then, the next year, Bitcoin went up by a factor of six and in 2017 by a factor of 40.

Looking at Bitcoin from this perspective shows clearly that it has a fundamental value that is not so obvious if you think about it as a cryptocurrency only (even if it remains the most important one). And those fundamentals could push the price back up in the next few months or years. It could even happen during this year.

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.

David Schwartz, CTO at Ripple, talks about the XRP ledger

By | Edited By Ali Qamar,,

Ripple’s CTO

David Schwartz is among the most influential computer programmers in the crypto verse. He’s the chief technology officer for Ripple, which means that he’s the man charged to keep that technology going.

Very few people in the world know cryptography and blockchain technology with his degree of expertise, and the chances are that nobody else in the world understands Ripple’s technology and the XRP cryptocurrency better than he does.

He recently gave an interview about Ripple and crypto, and he has interesting things to say about what could be in the cards for Ripple this year.

Decentralization

He started by saying that, the biggest change he’s seen in XRP recently has been the increase in decentralization. This has always been a contentious point because, since this is a blockchain created and ran by a private company, many hardcore blockchain fans have accused it of not being truly decentralized.

According to Mr. Schwartz, the current Ripple network is more decentralized than Bitcoin or Ethereum (which are still considered to be something of a golden standard for almost everything in the crypto verse).

The number of validators operated by Ripple has gone significantly down which is one of the reasons why it’s more advanced in terms of true decentralization than many other projects.

Proof of work vs. consensus

He further explained that the main difference between the XRP ledger and Bitcoin or Ethereum is in the proof-of-work method they use. Ripple uses consensus instead. That makes Ripple’s network lighter and faster without sacrificing any of the reliability it must have to keep the blockchain working.

And the proof is in the pudding. Completing an operation in the XRP ledger takes about five seconds while Bitcoin can take as long as an hour.

On prospects for the rest of the year, Mr. Schwartz commented that he’d like to see more use of Ripple’s decentralized exchange, which has been one of XRP’s uses since its inception in 2012.

The conversation between Mr. Katz and the interviewer was very short but very clear and substantial. They are both obviously very optimistic about the way in which XRP and the Ripple network are performing, and they don’t seem to have any reason to believe that it will keep getting better as time goes by.

XRP is currently ranked as the third largest cryptocurrency by market capitalization, and it’s trading at $0.31887. It was the most profitable digital asset during 2017, which was a year that saw almost every single cryptocurrency reach very high prices.

Ripple has managed to create strategic partnerships with more than 200 banks, remittance services, and other financial institutions and they secure a new partner every week on average.

It’s one of the few digital assets that have a very clear use case (eliminating friction from international transfers), and even more rare, is that it’s achieved to create interest for cryptocurrencies in Wall Street and traditional financial institutions, which have been very skeptic (if not downright fearful) of all things crypto.

It’s always interesting to listen to Mr. Schwartz talking about the crypto verse in general and about Ripple in particular.

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.

Beware of Reyna’s swapped tokens

By | Edited By Ali Qamar,,

The Reyna Project (or Reyna Limited) is an anonymity network which started running on Tron’s blockchain and issued three cryptocurrencies based on Tron known as REY, REC, and RET, It’s based on Valletta, Malta which is probably world’s most friendly country towards blockchain technology and cryptocurrencies. In the project’s own words, it’s a “comprehensive embracing of the broadcast web” in which privacy is guaranteed for all users, and censorship is impossible to enforce.

Reyna is on the move

Reyna is moving out of Tron. It will adopt Waves as its permanent platform and, as it has to happen whenever a blockchain project moves to a new home, those who own either REY, REC or RET tokens must have them swapped for coins compatible with the new platform. It has already left Tron as we write this.

The swap was announced by Anthony Kudaev (one of Reyna’s Limited founders) a couple of weeks ago in his Twitter account.

But things are not running so smoothly and it seems that something fishy is going on.

The Trontokens website has marked the three Reyna tokens as scams.

The organization is conducting further research as we write this but it reported in its website (trontokens.org) that “too much troubling things” are happening around the token Swap and the move.

It seems that swapped tokens are being sold instead of being burned, which should be the way to do things as you move the project to the new platform. The problem is that it’s illegal and nobody seems to know for sure what or why is going on.

The platform change is happening very quickly after the project’s decentralized exchange (based on Tron’s) went live, only three weeks ago (Feb. 4th). That very process wasn’t very smooth either as the technology had lots of bugs and glitches that had to be fixed before it could go live.

We ignore what’s happening with the swap. We do know that Mr. Kudaev has experience dowing cryptocurrency swaps because his project’s tokens migrated from TRC10 to TRC20 token technology only last December, on the day right after Christmas. He was also very enthusiastic about the Tron network and several of its decentralized applications (especially GOC).

The Reyna Project

The Reyna ecosystem includes several interesting apps in which privacy is the paramount value. ReynaChat is a chatting app which uses the project’s own encryption protocol to keep all the information private.

ReynaExchange is a wallet that supports any TRC20-based token and the Tron’s Foundation blockchain (or at least, it used to, but the details about the migration to Waves are still not very clear), The ReynaProtocol supports mutual and optional authentication, identity hiding, secrecy, encryption and other features in which cryptographic technology enhances the user’s privacy.

The project’s web-browsing apps are available for both Apple and Android mobile phones at the usual app stores.

We hope that the Reyna leadership will address the situation and let people in the cryptosphere know with all clarity what they’re doing and why. In a project that privileges anonymity and privacy above everything else, transparency is absolutely necessary, especially when it’s going through a milestone as important as migrating platforms.

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 funds PlayGame’s expansion, here’s what it means

By | Edited By admin,,

Tron is getting behind PlayGame which is one of the world’s fastest-growing direct-to-play platforms based on blockchain technology. Tron is a third generation blockchain project which aims to use its blockchain technology to decentralize the world wide web and create a new content system powered by cryptocurrencies instead of the current central authorities such as YouTube.

PlayGame

PlayGame was founded in June, last year. It aims to help game developers to surmount the obstacles inherent to piracy issues, opaqueness, inefficient distribution and payment calculations.

The platform includes the ability to develop and deploy smart contracts which allow game developers to monetize their work directly from enthusiasts by using digital currency.

And, as usual, the use of blockchain technology guarantees transparency for all the parties involved so that developers and gamers can trust a system in which every action is clean, quick and reliable.

Third generation blockchains (like Tron) have all kinds of use cases, and the gaming industry is among the most obvious ones. Even as you read this, the world’s most active decentralized applications are gaming apps with several thousand users daily and important cash flow.

And cryptonauts are avid gamers as well, so it’s a match made in heaven for both users and developers. Games are also attractive for cryptoverse newcomers because they’re fun to use and easy to learn, so they provide a good way for people to be introduced into blockchain technology without the need for a lot of technical expertise.

In this context, PlayGame’s entrance into the ecosystem shows how vital the gaming market is for the cryptoverse and leads the way for other new projects that combine both gaming with the blockchain.

The partnership

PlayGame has ambitious plans for growth, and Tron’s investment will facilitate that process. It will help the company to launch its Proof of Play and cryptocurrency payment gateway as well as to expand all over Asia and many other important markets that are crucial when it comes to introducing a new generation of users into blockchain-gaming.

The money will be useful, for sure, but it’s not about financial support only but also about building strategic partnerships with some of the industry’s main players.

TRON Arcade

Tron is going to spend $100 Million over the next three years (as the Tron Foundation announced recently) in support of the integration of gaming and cryptocurrencies. The fund will create the TRON Arcade to incentivize game developers to come up with new ideas and turn them into code.

Tron believes that gaming is a key ingredient for mass adoption. The developing community will have access to better resources. That means more dApps in the network which, in turn, means more new users.

Tron’s leadership keeps investing a lot of money in promoting the use of blockchain technology to decentralize the web, and it also keeps securing meaningful strategic partnerships which is one of the reasons for which the platform’s token (Tronix or TRX) keeps gaining value. It trades at $0.024176 as we write this, and it’s ranked ninth by market capitalization.

Image courtesy of Pixabay.

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