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TRON blockchain suits charity purposes best, here are the reasons why

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Philanthropy in layman’s terms is being human, which leads to caring and giving to people in need. This is one of the behaviors which differentiate us from other living organisms on this planet. The urge for giving grows as we evolve and move up the maslow’s hierarchy. With the passage of time more and more people are getting involved globally in this noble cause of giving, leading to the creation of an organized sector called – CHARITY.

Approximately 1.4 billion population is contributing to charities leading to an approx fund of $1.2 trillion being raised annually globally. As per the latest statistics, Indonesia, Australia, NewZealand, USA, Ireland are the top 5 countries contributing to the philanthropy domain. The major segments in which charity is raised currently are Education, Childcare, Women protection, Healthcare, and Environment.

As with any industry Charity domain too now needs to evolve to cater to future requirements and to set up systems which help the humankind at large. Challenges which this domain faces currently are trust, transparency, reach and awareness, the speed of execution, processing and fundraising cost to name a few.

The Blockchain solution:

Blockchain technology can help legit charities overcome these problems thus contributing to enhancing the global happiness index.

Trust, transparency, and accountability: The biggest problem in the charity domain is trust as the individuals/corporations who are donating sometimes are not sure if their contribution is reaching the end user. Blockchain using its distributed ledger process ensures 100% transparency as the accounts are in public view and anyone can crosscheck the flow of funds to the last mile.

Reach and awareness: Blockchain because of its borderless feature connects the global population and allows anyone sitting even at home to connect seamlessly to the global audience thus allowing a global platform to reach out to anyone they intend to help.

The speed of execution: This is another strong value proposition Blockchain provides to Charities. In traditional mode of fundraising the banking channels consume a lot of time and fee as well, sometimes this even extends to days for international transfers. Blockchain reduces this timeframe from days to seconds and that too at a lower fee making it a win-win situation for both the donor as well as the charity.

Cost of fundraising: As per the latest statistics only approx 67% of the funds raised reaches the intended use; the rest is lost regarding fees, administration fundraising cost, etc. Blockchain can bring down this 33% substantially thus ensuring the better utility of the funds raised.

Why TRON?

TRON protocol is an emerging Blockchain solution which aims to create decentralized internet. Charities choosing to use the TRON platform would end up gaining the following benefits along with already mentioned benefits of Blockchain as mentioned in the previous segment.

Ease of Use: Creating an account on TRON platform is super easy and takes less than a minute. Also, a lot of Dapps are launching their mobile wallets thus making it very convenient to use. Charities can create accounts in less than a minute on www.troncan.org and get started, the same is applicable for any user as well who wishes to donate.

Leveraging Technology: Developers in the TRON system are continuously working to provide user-friendly solutions. They have developed bots which helps in tipping to any charity possible even on social media like telegram, twitter. Seedit, Robominer are few of the prominent bots already in use.

High Liquidity: TRON is available in 160+ trading pairs across multiple exchanges as per the latest CMC data making it practically available to everyone.

Speed: The transaction is lightning fast which means it takes just a few seconds to transfer funds across the globe. Mobile, website, social media are few platforms which can be used to complete any transaction.

Scalability: TRON platform has the capacity to process 748 TPS (transactions per second) while the current usage is approx 20-25 which gives enough space to accommodate future increase in volume and still maintain the current performance level.

Global Community: People eventually are the heart of any charity initiative, TRON with its rapidly growing community offers a huge audience spread across the globe. As per tronscan date, there are already 1.34 million accounts live with TRON and its increasing exponentially (1st million took approx six months, next 0.34 million has happened in less than a month).

Ease of Creation: TRON protocol also provides an easy to use system for any project to create a TOKEN on its platform. The cost for the same is also very nominal. This low entry barrier allows projects which have a great idea but limited resources to also get started and subsequently work hard to convert their idea into a working proposition.

There are already few charity projects which have understood this potential and have launched on TRON platform. KsumNole, Alivio, TreeOfLife are few for the noticeable projects which are already live on TRON eco-system. KsumNole among these has garnered the highest support and interest with some unique concepts to filter and identify real supporters and philanthropists.

Future

Considering the above parameters, the future looks very promising for Blockchain in Charity domain. The current penetration of Blockchain in the complete Charity eco-system is less than 1% thus there is a huge upsurge in adoption growth expected. The Millennial and GenXers are gradually increasing their contribution in charity, and they also happen to be the flag bearer of enhancing Blockchain usage.

What needs to be done now is to work hard in creating awareness and build systems which are legit, scalable and solves real-life problems. Honesty and Transparency are going to be the critical ingredient for long term success.

As the saying goes ‘The world calls for and expects from us, the simplicity of life, the spirit of prayer, charity towards all, especially towards the lowly and the poor, obedience and humility, detachment, and self-sacrifice. Without this mark of holiness, our word will have difficulty in touching the heart of modern man.~ Pope Paul IV’ all we need is a good heart to make a difference.

Sources:

https://www.cafonline.org/docs/default-source/about-us-publications/caf_wgi2018_report_webnopw_2379a_261018.pdf
https://www.pressconnects.com/story/news/local/new-york/2017/11/29/how-much-your-donations-actually-go-charity/108107792/
https://www.501commons.org/services/learning-programs/Philanthropy.PNG/image

Image courtesy of PixaBay.

Dapp.com lists 101 Tron-based decentralized apps

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Dapp.com is a website in which everybody can learn about decentralized technology. It helps users to understand, create and use decentralized technology confidently.

As a developer, you can learn the tools and expertise to turn your ideas into decentralized apps and bring them to the market or your favorite blockchain community.

It also features a catalog of high quality and reliable dApps that have the potential to help everybody’s life and make it better.

The company’s mission, in their own words, is:

“We are creating an entire ecosystem to encourage dapp development, awareness, and usage. Our mission is to demystify decentralized technology, helping, and inspiring developers and users to embrace this exciting new space with confidence.”

As part of that mission to bring high-quality decentralized applications to the masses (at least to masses in crypto), dapp.com has included more than a hundred decentralized apps created by the Tron community and running on Tron’s blockchain. The list (which you can find here: https://www.dapp.com/playlist/tron) hails Tron as the platform that’s going to “dominate future gaming”.

That statement is not a coincidence as many of the included apps are, indeed, gaming and gambling apps such as TronBet, Allbet, 888Tron, TronVegas, Trongame, Tronblock, TronWin, TronDice, and Dicebet, just to name a few. But there are many others too.

The thing with games and gambling and Tron is that most (probably all) of these apps give players fair odds which makes winnings more likely and playing a lot more fun. It’s an utterly different experience from traditional betting websites.

This is huge news for the Tron community. Remember that third generation blockchain projects are not just about supporting a digital asset, as it was with Bitcoin when it started. After Ethereum came online, innovating the cryptosphere by creating decentralized applications and smart contracts, the new blockchains are all programmable platforms in which finding users and developers for apps and contracts are every bit as important as the native token itself. This activity creates trade volume for the cryptocurrency in question (TRX, in this case), which in turn generates demand which is what makes any coin’s price go up.

As we write this, TRX is trading at $0.02351, and it’s ranked 9th by market capitalization. It’s been trading in green numbers for the last 24 hours while almost the whole market stands in red, so the progress made by this asset in the market is just amazing.

Keep in mind that only a few months ago, it was ranked at 11th by market capitalization. This means that this is a project that, even in the decidedly bearish conditions the market has seen for 13 months already, has managed to keep growing, delivering on milestones in time, and gaining market value as most other projects are losing ground.

One hundred one useful Tron-based apps listed at dapp.com are one of the signs that show that Tron’s fundamentals are very solid. It’s quickly becoming a coin with real use cases, and this will be determinant for the future as its value will be based on real utility instead of sheer speculative force, which still remains the rule in the crypto verse.

Image courtesy of PixaBay.

A new Lifetime Subscription Token for TronWallet

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A little more than a month ago, TronWallet issued a new TRC10 token (which means it’s based on Tron’s most straightforward token technology and can be traded for TRX coins at Tron’s decentralized cryptocurrency exchanges).

It’s called the TronWallet Lifetime Subscription Token (TWLT). You need to own only one of these new tokens for TronWallet to grant you an elite level of subscription called Lifetime VIP tier. As long as you still hold that single token, your subscription will remain at the VIP level. If you sell it or trade it, the token’s new owner will acquire it. Epic, right?

This new Lifetime VIP Tier subscription enables you to access every feature in your TronWallet without any additional fees except for one, the vote for listing fee feature.

In other words: you’ll be able to vote for super representatives, send or receive any of the supported cryptocurrencies, use 2FA authentication, have premium support, save your contacts on cloud, do atomic swaps (ETH to BTC), request payments, make payments, claim airdrops and trade without limits or fees at TronWallet’s DEX.

The new token’s supply will be very limited as only 10,000 tokens will be available. Those coins are created already, and no new TWLT will be mined or produced in the future. They will be released at the rate of 1000 yearly. The currently available supply is the one corresponding to both 2018 and 2019. The next round will be released in January 2020.

https://twitter.com/EarthToZman/status/1083228228603375616

An additional advantage for TWLT holders will be a higher ration on Airdrops by partner tokens. The exact ratio depends on each partner so it can fluctuate, but you can expect to get from 2x to 10x more coins as other TronWallet users. This is for TWLT holders only so owning one of those coins will get you a lot more free tokens.

So how do you get some TWLT, I hear you ask? The price was 200,000 TRX at the start. But some promotions have been available over the last month that allow you to buy one at a 50% discount. You can buy it using any of TronWallet’s regular channels, including its telegram channel.

So hurry up! Not too many tokens are available and holding one will give you so many good advantages as a member of the Tron community that it’s surely going to be worth the price.

The Tron-based token ecosystem is thriving. All the tokens in this category can be traded for TRX at Tron’s decentralized exchanges, and there are many new interesting TRC10 and TRC20 coins that are worth exploring.

Just to give you a couple of simple examples, there’s BTT (BitTorrent’s Token) which will be a TRC10 issued by the BitTorrent network, and that will incentivize seeders in the world’s largest decentralized network. Then there’s the Tron Weekly token, which is a token used to finance, sponsor and operate the Tron Weekly Journal, the website that functions as the news central for all things Tron over the web. This kind of activity will soon rival Ethereum’s in terms of token variety and ICO launches.

Image courtesy of PixaBay.

Tron’s BOOK project (WRT) to launch its Dummy Book Network

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Tron’s objective is to decentralize the web completely using blockchain technology. That will allow content creators to monetize their work directly from users instead of relying on the usual central authorities such as Google, Amazon, Youtube, and others. These days, when most of us think about the content, we tend to think about video and audio products but let’s not forget the content source that started everything centuries ago: books.

Tron has not forgotten about books at all, and the content decentralization platform includes a project that deals precisely with them. It’s called the BOOK project, and it includes a token called WRT.

The project is about to release something of a testnet called the Dummy Book Network. The point in the network will be to test the platform’s ebook buying and selling functions using a test token (Testbook) so that the developing team can fine-tune the system that will become the Tron’s Book Network later on when it’s fully functional and viable.

The point is to give the cryptosphere a site like Amazon in which authors will keep all of their royalties and buyers will have an easier, faster, and more reliable way to buy content than in any other of the current publishing platforms. The platform will include games in which users will be able to earn tokens and quizzes for the books they’ve read that will also be rewarded with tokens.

Articles dealing with cryptocurrencies and blockchain technology in the (Dummy) Book Network will enjoy an authenticity system.

According to the project’s white paper, it will work like this:

“Each time a new article about a new token is posted on the Book Network it will be evaluated and will need to pass certain tests before being approved by the system. For example 1.Does this project has a White Paper? 2. Are the developers of the project anonymous or transparent? 3. Is the website of the project well known on social media? 4. Is there contact information to verify the project is legitimate? 13 If TRUE —-> GREEN STAMP if FALSE —> RED STAMP It’s best to be cautious about the Cryptocurrency information provided online if is either trustworthy or giving out false information about a specific project. The System of Authenticity will be similar to a metal detector at an airport. It will detect it automatically and give it a timed electronic stamp of approval in GREEN or rejected with RED. This will give investors and veteran alike peace of mind to avoid an “exit scam” so they do not lose their money to new ICOs out there claiming their project is legitimate.”

Lots of exciting projects are being developed around Tron’s platform, such as the Tron Weekly Journal (Tron Weekly), TronDice, TronBet, and many others. The network is quickly becoming one of the world’s busiest and once Project Atlas is completed, 100 million new users will join the Tron ecosystem through BitTorrent that sooner or later will find their way to join many of the projects currently in development, and many more to come.

Image courtesy of Pixabay.

Here is how we can get Tron (TRX) added to Niffler

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Are you a member of Tronic’s community? Well, in that case, you’re invited to support an initiative to help Tron’s native coin (Tronix or TRX) to get listed at Niffler.com. How can you help? You just need to join the Team Tronics Community Top Trader Competition. If 5,000 community members join the platform, and the goal is reached, TRX will become listed in the platform without any cost at all.

The trading competition

The competition begins once 3,000 Tronics members sign up. Niffler.co will host the competition and the prizes will be awarded for the winners in the top five spots. Although it started last month but seems to be going on. This is a great chance for you to join and compete with your fellows in the Team Tronics community. The safety in the competition is guaranteed. It’s free to join, it’s going to be a lot of fun to be in a simulated cryptocurrency trading environment. We will all learn a few useful things.

If you manage to become a top-performing trader in the leader board, you’ll have the opportunity to win several interesting prizes. Those include $300 in Tronix coins, a Nano Ledger X, or $200 worth of any cryptocurrency you want. And those are just some of the prizes, there are many more and they’re all very interesting!

The Team Tronics Top Trader competition is a unique way for the Team Tronics’ community to learn more about blockchain technology and projects, digital assets. But it’s so much more than that. It’s a way to stimulate crypto education in a simulated crypto trading competition. It will be fun, it will be edifying, it will be interesting and if you do well you can even win some real money (fiat or digital).

But it’s also a way in which you can show your support (and help) for the blockchain we all know and love: Tron. If we do hit 5,000 users, Niffler will list TRX as a trading pair in their virtual exchange.

Come and join us! Let’s get TRX listed and trading competition started!

Remember how well Tron’s Tronix has been doing lately! A couple of weeks ago it broke into the world’s top ten currencies by market capitalization and now it keeps gaining ground as it’s the ninth one.

Chances are that Tron’s value will keep increasing in value, even if the market continues to be in the bears’ hands. Why? Tron’s decentralized cryptocurrency exchanged for Tron-based digital assets and it’s flourishing as several new cryptocurrencies are appearing and gaining trading value for themselves but also for TRX.

Another development which is to come soon will be the crystallization of Project Atlas which will merge BitTorrent (the world’s largest decentralized network) into Tron’s network. This will also create additional trade volume for TRX as BitTorrent will issue another TRC20 token to reward seeding users.

These are exciting times for Tron! Don’t miss them!

Image courtesy of PixaBay.

The best-featured cryptocurrencies as per Forbes experts

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The choice is a good thing. Options beget freedom and we all like that. Alternatives are especially important when we talk about decentralized technology and blockchain projects. 2017 saw a huge bull run on the cryptocurrency market so the number of projects skyrocketed.

That now makes many investors wonder if such a huge variety of cryptocurrencies is just creating confusion. This is particularly true for investors and observers who don’t know the cryptographic technology in depth.

In this blog, we’ll show you four distinct blockchain projects that have clear goals and we’ll explain to you what they can contribute to the digital assets market and to the technology world. These four projects are Tron, Ethereum, Ripple, and Apollo. And this is based on what Forbes experts believe, not just us.

Tron

Tron is a platform in which you can do everything you can do in Ethereum, except it’s more scalable and costs are way cheaper. So it’s like Ethereum, only without the problems that have been plaguing it recently.

It’s a very young platform as it went independent only about half a year ago. Tron has naturally benefited by Ethereum’s disadvantages. There is a lot of competition among both platforms (and among their leaders, Vitalik Buterin and Justin Sun) but this is not a bad thing, it could turn out to be a good thing for the cryptosphere as a whole in the long run.

Similar as both projects are, Tron offers 2,000 TPS of throughput. Additionally, executing transactions on smart contracts are free of charge, which is a stark contrast with Ethereum in which the gas price has been an issue for months.

Tron is getting ready for an airdrop as part of Project Atlas (which is the way in which Tron will absorb the BitTorrent network into its platform and blockchain). According to Justin Sun, Tron’s CEO and founder, this airdrop will,

“distribute tokens to users in Q1 of 2019. This will be the biggest platform for blockchain with over a hundred million users. The first step in building Project Atlas was to make BitTorrent Speed, which was built in less than 6 months”

And that’s just the beginning as Mr. Sun has more ambitious plans for the way in which BitTorrent and Tron will take off together in this new year: “Our next steps in 2019 would be Project Atlas, DApps, community, and tech support. In particular, support is very important to us as TRON is community oriented and consumer-focused. BitTorrent Web is another step towards more user acquisition, and thus user empowerment. Lastly, we’re looking at a partnership with established companies, such as Swisscom and Oracle to accelerate the decentralization of the Internet”.

Tron’s protocol includes TPOS. That’s the way in which the network reaches consensus. There are 27 super representatives who take turns to produce blocks for the chain, and those 27 nodes are elected by TRX account holders. A little like in Ripple, this compromises decentralization but it boosts scalability.

Another plan for Tron in the near future is to provide a privacy layer for token holders.

But Tron’s most important goal is to decentralize the web in full. Tron wants for content creators to offer their work to end-users autonomously without central authorities such as Google, Facebook, Microsoft or Youtube so that they can monetize their content directly. It’s incredibly ambitious, but owning the BitTorrent network is certainly a step in the right direction.

Ethereum

Ethereum is the most well-established project in the list. It’s a programmable blockchain platform that’s been around for about three and a half years. Ethereum’s idea is to have a decentralized network that features a programmable layer that is useful for more than just a coin (smart contracts and decentralized applications).

It’s had its share of problems since it came online. A DAO hack created a hard fork which challenged the project’s position in the cryptosphere. But Ethereum managed to recover its place as the world’s second cryptocurrency by market capitalization recently (after losing it to Ripple for a few weeks) which comes to show that the project is backed by a strong community.

Further evidence for this is in the sheer number of Solidity programmers (Ethereum’s native programming language) active in the community. The platforms utility is potentiated by the wide spectrum of tools available and by the way in which the platform is maintained and documented.

But there are issues around Ethereum. Scalability is something of a problem that plagues the platform which could become a significant obstacle for Ethereum to consolidate its position as the world’s second most important cryptocurrency. Ethereum’s fans remain optimistic about the project’s future, but in a very cautious way.

Ethereum was a pioneering project in that it was the first blockchain that featured things other than just a cryptocurrency. Since Ethereum, many other smart contract platforms have been created, but it was Ethereum that started it all.

Many important projects that are now independent (such as Tron or EOS) came to life as Ethereum-based technologies and coins. That’s why, even with all the challenges it faces, Ethereum remains the standard for second-generation blockchains.

If the project’s leadership manages to work around the platform’s current issues (mainly, low speed and high cost) Ethereum will remain a solid project for many years to come.

Ripple

While Ethereum wants to be the most versatile blockchain network in the world, Ripple aims to be a one-trick-pony. Ripple only wants to solve a single problem, but it wants to solve it better than anybody else in the world. That problem is the transfer of value across borders in real-time and at a very low price.

The platform’s users are not average people like you and me but institutional clients like banks, remittance services, and other financial institutions which can use Ripple’s software to eliminate the friction present in the currently available technologies (the SWIFT system, mainly). This value amongst banks and remittances is transferred using Ripple’s XRP cryptocurrency.

Also unlike Ethereum, Ripple is quite scalable and that’s one of its main selling points. The network is expected to allow for 50,000 transactions per second. But you have to pay a price for such speeds in the way of reduced decentralization. Ripple’s network has only 55 validators, and each of them has to be “part of an interconnected web of validators who each trust a specific set of validators not to collude”.

A frequent criticism about Ripple is the control the private company has over most of the XRP tokens, which were all pre-mined before the project went online. Ripple releases a billion tokens monthly from an Escrow account through a smart contract. This will remain in place for 55 months in other to ensure the coin’s supply without the company having any undue influence over the coin’s price.

Ripple has been unpopular at times because it wants to help the world’s banks instead of destroying them. But it’s found real use cases, it’s secured many important strategic partnerships and it’s making more progress than any other coin in crypto.

Apollo

Apollo is this list’s new kid on the block. Apollo includes all of the features that you can find in Ripple, Ethereum and Tron, and then some more. It started as a fork from the NXT platform (and not Ethereum, as in Tron’s case).

It stands apart from the other three projects because it privileges privacy and every user’s control over their own data. It features multiple privacy layers for one-to-one transactions which include IP Masking, integrated coin shuffling, and high scalability. The project’s newest update (Hermes 1.0) incorporates 2-second block speeds, which is the fastest block production in crypto.

This project is very much in development still, probably more than other projects, because its core features are still being built. There’s consistency in the development process, and it includes many interesting features such as a decentralized marketplace in which users can list and sell goods worldwide. The point is to avoid regulation through decentralization.

The project’s Director of Business Development is quite optimistic about Apollo’s future:

“The Apollo Foundation has launched the first all-in-one cryptocurrency focused on integrating every useful feature from mainstream cryptocurrencies and combining those with unmatched privacy and is now the fastest, most private and most feature-rich cryptocurrency on the market. Because of recent breakthroughs such as it’s Updater, which updates the blockchain using a transaction, Adaptive Block Generation and it’s two-second blocks, there is a case that could be made that Apollo is also the most advanced cryptocurrency.”

The key point in Apollo is privacy. It guarantees deregulation in a way that no government in the world will be able to control it. But it also has fintech aims, since it promises to make the platform easily available to those users who are currently excluded by the traditional financial system. This means that people who do not own a bank account will be able to profit from the platform’s services to ensure some financial services.

Apollo is not exactly the best-documented project in crypto but it seems that 2020 will be the year in which it will incorporate smart contracts. We still don’t know what programming languages will be supported and how those contracts will be made. Time will tell.
A new bull run will come into the cryptocurrency market sooner or later. Keep an eye out for these four projects because they could lead the way when the bulls arrive.

Image courtesy of PixaBay.

Tron DApps TronBet and TronDice make it to GoDapp

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GoDapp is a Chinese-based website that catalogs and offers access to decentralized apps in three blockchain projects: EOS, Tron and ETH. It currently features 114 EOS dApps, 146 for Ethereum and 32 for Tron.

Decentralized applications are computer programs that use blockchain technology to run over a decentralized network. The decentralization ensures safety, reliability, and lack of interference by any central authority.

DApps are critical in second and third generation projects. When the first blockchain in history came online (Bitcoin) it had the sole purpose of creating the world’s first cryptocurrency. Then Ethereum came along. Vitalik Buterin (Ethereum’s creator and current leader) found a way to create not only a new cryptocurrency but also a programmable platform in which applications could run.

Most importantly he invented the idea of smart contracts which are contracts that deliver on their own terms once the given conditions are met. In other words, decentralized apps are as defining of the newest blockchain networks every bit as much as the native token they have.

After Ethereum invented the blockchain programmable platform (with applications and smart contracts included), other blockchain projects have appeared that allow for developers to also create that kind of programs but in a faster network with cheaper costs. Among those are Tron, Cardano, EOS, Stellar Lumens, just to name a few.

When Tron became independent of Ethereum, last June, its new main net had such amazing features regarding speed and costs that many crypto observers soon started to write about the new “Ethereum killer” because the pioneering second generation blockchain was (and remains) plagued by performance problems and high gas costs that are robbing its fans of their former enthusiasm.

But Tron has not killed Ethereum yet. Neither have EOS, Cardano, or any other network. Why? Because Ethereum arrived way earlier than everybody else, and inertia matters everywhere in the universe. More time means more development, more development means more apps, and more apps mean more users.

One of the main reasons Tron has not beaten Ethereum yet is, quite simply, that Ethereum still has many more decentralized applications and smart contracts running.

Tron is investing a lot of money in incentivizing its community developers to keep creating new apps so that it can finally compete with Ethereum in that regard, and that’s why today’s news is relevant.

A couple of days ago, the GoDapp platform added TronBet and TronDice (two gambling and gaming apps based on Tron) so that now you can use them from there, more easily.

Tronbet has over 2280 users as we write this article and it’s grown by 11.24% over the last couple of days. But many other Tron apps are available as well: TronVegas, TronDice, DiceBet, TronFun, TronBlock, and TronWin among others.

Tron remains a very young project, but it’s making progress very quickly, as shown by today’s news. So it’s only a matter of time until the Tron’s developers community comes up with more apps and contracts so that the network becomes more useful and interesting for both crypto aficionados and neutral observers alike.

Image courtesy of PixaBay.

Justin Sun calls for votes on Tron’s proposal No. 15

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Tron is one of the most ambitious and complicated blockchain projects in the world. It aims to use its state-of-the-art third generation blockchain network to decentralize the web completely. It was founded by Justin Sun (who already has a track record as a successful technology tycoon, and as Alibaba’s founder’s protegé) who still leads the project and it’s made a great deal of headway for a project that’s been online for barely 18 months.

Tron is a programmable platform that allows for the creation of smart contracts and decentralized applications, and launching other cryptocurrencies based on Tron’s TRX technology. Starting your own coin based on Tron is exceedingly easy as all it takes is a few clicks at the Tronscan website.

Unlike Ethereum which has only a single technology for issuing tokens (the initial Tronix coin itself started based in Ethereum, as was EOS), Tron offers two different technologies: TRC10 and TRC20. Both kinds of tokens can be traded for TRX at Tron’s decentralized exchanges. The difference is that TRC20 is more sophisticated and versatile than TRC10. But even if TRC10 tokens tend to be more basic, they will be very important soon, and we’ll tell you why.

Amongst Tron’s and Mr. Sun’s strategic moves is BitTorrent, the world’s largest decentralized network. Tron bought BitTorrent and is currently working in Project Atlas. It’s a project that will merge the BitTorrent network into Tron’s blockchain and community, and that will use a new Tron-based token (called BTT) to reward BitTorrent users for seeding their files for longer times.

And this is why TRC10 technology matters. The brand new BitTorrent Token (BTT) will be a TRC10 token so making the whole TRC10 technology more versatile is critical in making the merger between Tron and BitTorrent successful.

And that’s exactly what Mr. Sun is trying. Today, he used his Twitter account to ask the community to vote on proposal #15. Let’s see his tweet:

Every Tron community member has a right to vote (as long as he freezes his TRX tokens for some time) on any issue available at tronscan.org, and that includes the super representative election.

Having TRC10 tokens available for transfer in smart contracts is critical in potentiating the marriage between BitTorrent and Tron since the economical incentivization will come in the form of a TRC10 token.

But it’s not just for BTT. Every TRC10 token will become more useful as the new initiative will allow them to be integrated into all kinds of decentralized apps and smart contracts.

Tron and Mr. Sun keep delivering exciting news to the cryptoverse and, as a result, this is one of the very few tokens that has managed to grow when most of the market is going backward. Even after today’s sudden crypto bloodbath, it’s currently trading at $0.024688, and it’s ranked 9th by market capitalization.

Tron is moving forward quickly. Do not be surprised when the next bull run comes to the market, and then you see Tron leading the way.

Image courtesy of PixaBay.

LoveHearts token migrating to Tron TRC20 technology

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The TRC20 technology is one of two Tron-based cryptocurrency technologies (TRC10 being the other one) that any Tron community member can use to issue his/her very own cryptocurrency or ICO, much in the same way in which Ethereum also allows almost anybody to create a new coin. Even Tronix, which is now independent, started life as an Ethereum-based coin.

Yesterday LoveHearts, a very particular cryptocurrency, disappeared from all decentralized cryptocurrency exchanges because it started the process of migrating from its current technology to Tron’s TRC20. So not to worry, the coin is still there, and it will resume trading as soon as the migration is completed, but you won’t find it in the market for now.

It’s a digital asset that you can send in a Twitter or Telegram message to anyone you want. “Sending LoveHearts shows you really care” according to the coin’s website.

The project calls its users the “Heart Army” and it encourages them to send some tokens in Twitter instead of just giving likes in Twitter.

You may think this is cheesy at first, but it actually has a use case. LoveHearts has a strategic partnership with HummingPay.io (a remittance service that has also partnered up with Tron), so those LoveHeart tokens can indeed be turned into actual fiat money.

Also, there is the LoveHearts Lounge. It will be an online shop in which you can trade your tokens for goods and services. It will all start with a British sweet manufacturer that is very well known for its involvement in charities and charitable causes. That partnership is supposedly already in the bag, and more agreements are expected to follow soon.

The digital asset’s current supply is of 2 billion tokens after several token burns have taken place.

The TRC20 migration means that LoveHearts will join the Tron ecosystem in full so you’ll be able to trade it at Tron’s decentralized exchange for Tronix (TRX) tokens or for any other of the Tron-based tokens available. That, in turn, will enable you to join many of the other Tron-based projects and websites in which you will be able to do lots of things like playing online games or to gamble online at fair odds.

LoveHearts has been around since October 2018, and it’s been very active since then supporting some charitable causes. It became listed at two exchanges this month, so now it has a price determined by supply and demand.

Further plans for the project include a 60 million token donation to a charitable cause next month, and to keep selling tokens for the next two months until it reaches a 5 million TRX soft cap.

It currently has 130240 users, with 1,131,879,563 tokens in circulation. The total number of coins is 100 billion, but 80% of them are frozen and shall remain so until next year. The available supply is of about 2 billion because 18 billion coins have been burned so far.

It’s anybody’s guess how LoveHearts will do in the cryptosphere. It’s a bit like hallmark cards turned cryptocurrencies, but as long as it’s associated with the Tron token technology, it will be a useful asset for sure.

Image courtesy of PixaBay.

Tron (TRX) available on ELLIPAL’s cryptocurrency wallet

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What would a day in crypto be without news from Justin Sun? Tron’s CEO and founder knows for sure how to make waves in the cryptosphere, and he’s very adept in PR, especially when it comes to using his Tweeter account effectively. He’s very much like Donald Trump in that regard except that people tend to like and respect Mr. Sun.

The start of 2019 is not an exception. Right before the new year was about to start, he tweeted an announcement:

What is Ellipalwallet? Well, it’s one of those nice crypto toys, as described in Mr. Sun’s tweet. This one is made by Ellipal, and it’s a cryptocurrency wallet that looks very much like a cellphone, except that it’s not.

Ellipal Limited is a blockchain technology firm founded in Hong Kong in 2017, with a strong focus on digital assets. Its mission is to connect people into the cryptoverse safely and conveniently. They have a tool to achieve this. It’s a next-generation hardware wallet for every possible cryptocurrency user.

The company’s next-generation hardware wallet is mobile, and it’s designed to be a one-stop solution for crypto coins of all kinds. Any wallet user can do transactions, exchanges, and payments safely without effort. But also can be informed about the market’s conditions, information, trends, and news.

Since this wallet appeared in the market, it’s found its way to 30 different countries, and it has users the world over.

This is yet another piece of good news for Tron, a project that is quite used to report good news all the time. Every milestone announced by Tron’s leadership has been met on time, and it’s worked perfectly. This is contrasting with other projects (like EOS) that have announced several milestones throughout the last 12 months only to delay them or roll them back because they just don’t work properly.

Tron’s Tronix coin broke into the world’s top ten cryptocurrencies by market capitalization only last December. That was quite a feat in a year in which almost every asset lost lots of value (some lost 90%).

In that environment, Tron managed to keep growing and gaining value, at least in relative terms. And now, Tron is not only in the top ten but in the top nine and the last 24 hours; it’s the only token that’s been trading in significant green numbers.

The year is only starting and there’s already plenty of good news for Tron. And wait until Project Atlas mergest the world’s largest decentralized network (BitTorrent) with Tron’s blockchain. Great things are afoot for Tron, the project and the digital asset and it’s still very cheap at $0.028. It was the only coin that traded in double green numbers yesterday, and only a few days ago it was at around $0.01.

Keep an eye on Tron. The token may be cheap, but the fundamentals are strong, and when the bulls arrive again in crypto, it could be Tron who leads the way (along with other fundamentally strong coins such as Ripple or Electroneum).

Image courtesy of PixaBay.