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Price analysis: Stellar, Tron, Cardano, and LTC preparing for an upswing

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The crypto market recently witnessed the come back of the world’s number one cryptocurrency, Bitcoin. With its market value approaching the 10,000 US dollar mark, the latest price rally pushes the virtual currency near its highest level in more than a year, according to the information we gathered from the data provided by CoinMarketCap.

At the time of writing, even after going down by 2% today, a single Bitcoin is still exchanging hands above $9000 mark, after recording a December low at about 3,194 US dollars. Bitcoin’s current market price is its loftiest level since 29th March 2018 when Bitcoin traded above the 9,700 US dollar mark.

Also, for the June delivery, Bitcoin exchanged on CME Group’s future exchange at about 9,265 US dollars on the day, recording a 153 percent price surge for Bitcoin futures since the beginning of the year to date.

Stellar Lumens (XLM)

Unfortunately for Stellar Lumen token holders, the digital coin is not moving at a considerable pace as it continues to record sideways trends despite the optimism that surrounds the digital asset. Investors and holders of Stellar (XLM) remain optimistic that the second half of this year will turn fortunes for the coin and bring new trends. Although the Stellar platform has the support of IBM, the digital asset is yet to start showing positive effects as yet.

For Stellar (XLM) to gain momentum and to rapidly appreciate, it has to discover the missing link. At the moment, the crypto market performance continues with the troubling trend with negligible movements.

At the time of writing, Stellar (XLM) is trading at 0.12243 US dollars, marking a 3.75% decline from its earlier market price. On 16th June, Stellar was exchanging at 0.13 US dollars, an 8 percent appreciation in price in the previous five days from 0.12 to 0.13 US dollars. However, the overall performance of the digital asset has not recorded much change as it has been recording price movements that are of that range. The trend currently is reddish.

Tron (TRX)

Unlike a majority of other cryptocurrencies in the market, Tron TRX has managed to maintain a steady growth movement but at a slow pace that many investors and holders did not expect. Investors are now growing restless for the digital asset to perform better and fetch better prices.

In the last five days, Tron TRX has managed to record positive trends of over 10 percent rising from 0.029 US dollars to its current value of about 0.032 US dollars.

Many analysts are hoping for a stronger and faster price surge to occur in the coming months that might see the digital asset ending the year with a price value of about 0.05 US dollars. Despite the prediction of not being able to be confirmed, Tron is an excellent long-term investment that promises good returns.

Litecoin (LTC)

On the early hours of Sunday, the prices of Litecoin fell by about 1.05 percent partially reversing the 4.4 percent gain that was witnessed on Saturday ending the week up by 19.3 percent at 137 US dollars.

A relatively irregular day saw Litecoin rising to a mid-morning intraday high of about 139 US dollars before hitting the reverse gear. On Sunday, Litecoin fell short of the first significant resistance level of 141.38 US dollars falling to a mid-morning intraday low of about 133 US dollars.

What followed the mid-morning intraday low was an irregular afternoon that saw Litecoin falling back at the 134 US dollar level before finding support to minimize the deficit on the day.

At present, Litecoin is exchanging hands at about 132.76 US dollars after a 1.19% decline in the last 24-hours. At the early hours of the day, Litecoin was witnessing a fluctuating start to the day that saw the digital asset falling from a morning high of 137.4 US dollars to a low of 134.99 US dollar level before finding support.

Following Litecoin’s current price of $132.76 and its failure to pass through the 136.5 US dollar mark, Litecoin could further fetch low prices that are sure to have both positive and negative reactions in the crypto market.

Cardano (ADA)

At the time of writing, Cardano is exchanging at 0.0923 US dollars with the upside limited at 0.094 US dollars. The 11th biggest cryptocurrency stands in the red by 2.76% over the last 24-hours.

Crypto experts are hopeful that the digital coin is going to fetch better prices in the coming days following IOHK announcement of the partnership that has already been signed between Cardano and the county of Georgia.

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.

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BitTorrent (BTT) creator steps in as Chia Network CEO as Ryan Singer departs

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Chia network is on the road to creating a blockchain that is based on the proofs of space as well time to make crypto that is less wasteful, more secure, and more decentralized. However, it now seems that everything will happen under a new CEO.

Pioneer of Decentralized Internet takes over

BitTorrent creator Bram Cohen is the new CEO of Chia Network. The creator of the P2P BitTorrent protocol takes over from co-founder Ryan Singer, who stepped down from the company stating that he needs to focus on family priorities.

Cohen has been around since August 2017 when he left BitTorrent, and now he’s taking the wheel at Chia. Unlike other cryptos which are mined, the networks’ tokens are generated via “farming,” which reflects its more ecological approach.

Moreover, they claim to be similar to bitcoin with the only difference being a resource not computing power but rather disk space, meaning proofs of space replace bitcoins’ proofs of work; therefore, disk-space is the primary resource.

The Journey

Chia started testing the approach in October last year and has been running the optimization contest with the community as well as open-sourcing the best implementations. Its second contest began in April.

Subsequently, the network is funded by three leading investors; Naval Ravikant, Greylock Partners, and Andreessen Horowitz. Furthermore, thus far, the company has raised $3.4 million over one round in a seed round raised in March last year. Its cryptocurrency is ‘enterprise-grade’ and its farming instead of mining distinguishing it from the more energy intensive forms for securing crypto networks.

The Extent of Transition

Amid the reshuffle, Mitch Edwards, Chia’s CFO and general counsel will as well take on the existing business development relationships. Before joining Chia, Edwards served as Overstock.com acting CEO.

Moreover, he has also had an extensive career in technology that includes a stint in the same roles at Core Scientific and BitTorrent. Now, with the Cohen leading Chia, and given his record, the company should indeed be optimistic going forward, but as always, its only time that can tell.

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.

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Is Stellar (XLM)’s Partnership with IBM Dead in the Water Now?

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Earlier this year, an IBM top official disclosed details concerning IBM’s new cross-border settlement solution, World Wire and its significant relationship with Stellar (XLM) blockchain.

According to IBM’s Vice President for blockchain solutions, Jesse Lund, the international tech company’s new product allows payments to be transferred to anywhere in the world in a precise and straightforward way.

“users will be able to send transactions from anywhere in the world to any corner of the world. This new operation is supposed to be as simple as sending an email.”

During the IBM Think 2019 Conference that was held in February, the blockchain VP played coy with details while being interviewed with Fred Schebesta’s Daily Exchange keeping the media guessing on the full details of the new partnership between IBM and Stellar Lumens.

“I will be giving a keynote speech at a major event in Singapore with my partner Jeb McCaleb (Stellar founder). We will be talking about our special announcement, the product, and what benefits are installed for all parties.”

The American multifunctional information technology leader IBM announcement of its payment platform based on the Stellar Lumen protocol, also known as IBM Blockchain World Wire, managed to onboard six international banks that were to launch their stablecoins in the platform.

Importance of IBM Blockchain World Wire

In the current world, we live in, cross-border money transfers that include remittances make up a significant percentage of the global economy. According to information published by the World Bank in 2016, migrants across the world transferred about 574 billion US dollars to their loved ones back in their home countries.

Despite these statistics, current global money transfer providers have not put in place adequate measures to satisfy the growing demands of individuals sending their monies back at home. Today, banks and financial institutions still have inefficient processes that involve many go-betweens for both the clearing and settlement of these payment transactions.

At present, transferring money across borders is not only time-consuming but also costly when using established financial institutions and banks. IBM’s Stellar Lumens (XLM)-powered World Wire strives to take advantage of the current situation and make money transfer across borders a seamless process that requires little effort from users charging them a small affordable fee.

What is IBM Blockchain World Wire?

Announced on 18th March, IBM World-Wire is a global platform that strives to regulate financial institutions in clearing and settling cross-border settlements in real time. IBM’s Blockchain General Manager Marie Wieck defined the new platform as:

“We have developed a new type of payment platform that is designed to speed up and transform remittances and cross-border payments to enable the transfer of money in countries that need it the most. By developing a platform that allows financial institutions to support multiple virtual currencies, we expect to spur financial inclusion and innovation globally.”

IBM Blockchain World-Wire is tailor-made for efficient and easy international settlements, remittances, and foreign exchange that automatically integrates payment messaging, clearing and payment of funds on a unified platform.

This platform aims to do away with the function of banking and financial institutions intermediaries to cross-border payment options, thus reducing the cost of transactions and time taken the transaction speed.

The IBM Blockchain World-Wire is developed on Stellar’s open blockchain platform that operates as the backbone of their cross-border payment solution. Stellar’s platform allows World Wire’s cross-border payment facilities to take place in near real-time using virtual currencies as a bridge coinage. At the moment, it is believed that transactions are done on this platform take around 5 to 10 seconds to be completed.

Future of IBM Stellar Partnership after the Departure of IBM’s Vice President for Blockchain Solutions Jesse Lund

The future of this promising project seems to be on limbo following the departure of some of the brains behind the project. Apart from Jesse leaving the company, news sources also disclose that IBM’s Global Lead on central Bank Digital Currency, Stanley Young, is also exiting the stage.

Stanley’s departure from the company represents a big blow to the Stellar partnership raising high concerns that the future of World Wire might have come to an end.

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.

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Ripple on the high as Golance joins the RippleNet

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The latest Ripple tech supporter, Golance, is a freelancing platform that connects freelancers with potential employers.

Freelancing is one of the new global economy’s new facts. In a freelancing platform, a pool of experts offers their expertise to employers who need a job done well, quickly, reliably. It’s a marketplace for work and talent. GoLance is one of those platforms, and it enjoys an outstanding reputation among employers and freelancers alike.

One problem we find all the time in the freelancing economy is settling payments reliably. GoLance is moving ahead of the curve by adopting Ripple as a means of payment. This means that freelancers can be paid for their work quickly, cheaply, reliably, instead of waiting for days or weeks to have their efforts compensated, which is the rule in most platforms.

Ripple fits the bill exceptionally well when it comes to freelancing. Why? Because freelancing work is usually done at very long distances. India and Pakistan, for instance, are rich in content-producing companies that need people to write original content for them, but the creative talent is often far away in Latin America, Australia or other corners in the planet.

So payment is something or a problem because even the most straightforward task must be compensated by settling an international payment that takes time and is usually quite expensive. And this is exactly what Ripple does best: settling international payments in real-time and at very low costs.

https://twitter.com/9xMachinex9/status/1139104284040093696

GoLance is at the freelancer’s world forefront in this regard not only because of Ripple but because they’ve consistently tried to adopt the best possible technologies that guarantee the fastest payments. Payoneer, wyre, transpay, afex, tipalty, ofx. You name it, GoLance has been there before any other freelancing platform. And now, they’re part of the Ripple Net, so their advantage is even more substantial.

The platform’s technological savvy allows them to be a flexible online marketplace that boasts fast payment options for people working online, the freelancers, with low services fees.

The freelancing economy is a sign of the times every bit as much as blockchain technology, and cryptocurrencies are as well. They often go together hand in hand. There are several instances of blockchain-based platforms which promote freelancing work through cryptocurrencies and similar technologies. GoLance is not blockchain-based, but a centralized market place so it’s still not as advanced as it could be, but joining the Ripple Net is going to bring it forward to the front of things.

We like very much the idea of Ripple removing friction from freelancing. Freelancing allows talented people to be rewarded for their work while it gives employers access to a large pool of talent that they can’t find so quickly in a domestic environment.

Freelancing is disrupting the world’s economy every bit as much as cryptocurrencies. Maybe even a little more. So the combination of both things working in tandem is nothing short of intriguing, and it could be even more disruptive. We hope to notice how Ripple’s influence in GoLancer’s will make a positive difference for all those involved.

At press time, Ripple’s cryptocurrency, XRP, is changing hands at $0.411558 after going up by 3.8% in the last 24 hours.

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.

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Cardano CEO meets the European Development and Reconstruction Bank

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One name that is doing everything possible to ensure mass adoption for blockchain technology, as well as a new digital life, is ‘Charles Hoskinson.’ Does the name seem familiar? Perhaps, if you’re a crypto enthusiast – who we guess you’re otherwise you won’t be here – then on several occasions, you must have come across the name.

Again, this time around Hoskinson, the co-founder of Cardano (ADA), Ethereum and the Input-Output Hong Kong (IOHK) has left something behind for the crypto community (especially Cardano lovers) to be excited about.

ERBD-Cardano Significant Announcement Expected

In his most recent tweeter activity, Charles Hoskinson points out to have met with the European Bank for Reconstruction and Development. What that means, your guess is as good as many crypto enthusiasts.

With the ever-changing technology, so does with the financial sector, the big issue now is on transparency and such stuff, which cryptocurrency is showing signs of a solution.

Merely days after the announcement of the redesigned Cardano roadmap alongside the development of Shelly, it now looks certain that Cardano could as well take another giant step with banks.

The development of the side chains as well as the parallel chains for ADA converges into Ouroboros Hydra. The Hydra puts Cardano in a great position of handling up to 5k transactions in a second. The scaling capability is also massively increased almost to the level of Visa.

Moreover, it combines high levels of efficiency with security as well as true decentralization. Therefore, a photo of Cardano’s CEO meeting with ERBD suggests something in the pot cooking and perhaps waiting to be served.

For now, we can only anticipate that good news for Cardano fans, in fact, for the whole cryptosphere if it comes out, is on the cards. Indeed, Hoskinson has been in touch with several crypto enthusiasts over social media, hoping to hear from the man himself sooner. Whether some mega announcement news is coming or not, only time will tell.

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.

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Ripple CEO criticizes the decrepit Swift technology that banks use

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When bitcoin was invented a decade ago, and later more cryptocurrencies including Ripple’s XRP appeared, their use was mainly linked with anonymous ways of selling drugs as well as weapons online through marketplaces such as Silk Road.

Later, speculation set in and now it’s all about utility. The financial industry is, by far, showing the highest readiness of adopting blockchain technology for various reasons. And on the front foot, Ripple is leading as the best option for banks.

For that reason, now there’s no room for Silk Road. Subsequently, according to the Ripple’s CEO Brad Garlinghouse, the fintech startup is overtaking old Swift network in a blink of an eye.

Blockchain Technology is the Best and Only Way

The finance industry looks to be taking a new direction to finally adopt blockchain technology as the only way to stay at the top of the game. And as that is happening, SWIFT is being overtaken slowly.

Recently, in an interview with Bloomberg, Ripple CEO seemed confident that the Fintech startup is indeed the hot cake for the financial institutions. Brad Garlinghouse said,

“What Ripple is executing every day is to take over SWIFT. Currently, we’ve signed up over 100 swift-enabled banks that are now using the Ripple technology.”

The numbers are increasing with Brad stating that they have attracted a plethora of new customers who are looking for blockchain on solving logistical issues that are posed by the older systems.

Swift is used by companies as well as individuals for sending and receiving money worldwide. On the other hand, Ripple uses its digital currency, XRP, as a proxy for those customers converting fiat currencies.

What puts Ripple ahead is the fact that it provides liquidity and Garlinghouse states that SWIFT is far behind in terms of technology. In Garlinghouse’s words,

“The technology used by the banks today that Swift developed years back hasn’t really evolved or even kept up with the current market.”

He also added that despite Swift affirming some time back that they couldn’t see blockchain as the real solution; the time is now they should start eating their words.

https://twitter.com/_Crypto_Maniac_/status/1139030747623370753

The cross-border payments have been a significant concern within the financial institutions for a long time, and right now, the means of improving efficiency would be welcomed. Ripple looks to be the best shot for the institutions given the increasing number of banks integrating the technology.

We’ve already heard the rumors of a possible tie-up between the two (Ripple and Swift), but it seems to be rumors anyway as Brad insists that his firm’s main objective is taking over Swift. The task at hand for Ripple of taking over Swift looked impossible some years back, but with the current developments, Brad-led blockchain company’s nose is edging ahead of Swift.

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.

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Digibyte (DGB)’s update, OdoCrypt, to complete in a little over 30 days now

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DGB is a cryptocurrency based on open-source philosophy that runs on the DigiByte blockchain. It was created in 2013, and the network came online during next year. It’s based on Bitcoin, but the original BTC code was modified, so it accommodates some improved features such a block generation time of 15 seconds, as well as improved security.

As we write this, DGB is trading at $0.012525. It’s capitalized at USD 149 million, from about half a billion, which was its total value roughly one year ago, which is enough to be ranked at the 53rd spot by coinmarketcap.

While the coin’s market performance is not outstanding, the technology behind it is supported by one of the world’s most advanced and innovative blockchains. It’s considered to be the world’s largest, safest, and fastest UTXO network in existence.

Digibyte’s system has undergone several significant updates during its existence that have kept it on the top of the crypto verse, technologically speaking. The next one is called “OdoCrypt,” and it’s scheduled to happen around July 19th. Digibyte users are advised to have their DGB core wallet updated by then so that the new algorithm’s expansion doesn’t get in the way of standard functionality for users.

The new algorithm’s adoption is almost 62% as we write this. It depends on users and nodes updating their Core Node and installing the Core wallet’s latest version. It means that the upgrade is nearly complete because 70% adoption is the goal at which support for Odocrypt will be considered fulfilled. The accurate, current number is of 61.5%. The percentage in question marks the fraction of active works in the network that are signaling compatibility for Odocrypt.

The chain is at block 8880341 as of now, so only 219659 are needed before the fork is final, and the project’s leadership expects that this will happen in about 38 days.

Block 9.100.000 is the spot that will mark the decommissioning of the current Myriad-Groesti algorithm (the network’s current standard) and will see it replaced with the brand new Odocrypt. By then every node and user should have their software upgraded so that compatibility is guaranteed.

Things don’t finish when the network reaches 70% of signaling. After that point, the same parameter will continue to be measured. The idea is to determine the moment in which that 70% level has been consistent for at least a week. At this moment, the algorithm is considered to be locked in.

So the network is prioritizing consistency over upgrading quickly, thus ensuring reliability. There’s no official estimation about the day in which this goal could be met, but if the system remains stable, it shouldn’t take much longer than a week after meeting with the seven-tenths goal.

It’s an exciting time to be part of the DGB ecosystem and see how the new improvements change the user experience for the cryptocurrency’s fans. Also, the continued efforts for development and maintenance in the project help uphold its reputation. The new technology could also help it improve its market performance, which has remained somehow unimpressive over the years.

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.

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Ripple has serious connections with central banks and even IMF, here is how

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Christine Lagarde heads the IMF (International Monetary Fund). That position gives Mrs. Lagarde a privileged view on how the world’s new financial system will develop. Some significant changes are coming, and the IMF, alongside the central banks, will play an even more prominent role in the future. It’s going to be global banks for a global world. Does that imply a global currency? And does Ripple’s XRP fit there?

In this article, we will review briefly some ideas posited by Mrs. Lagarde and John Maynard Keynes and try to figure out how they relate to the crypto verse in general, and with Ripple in particular.

Breton Woods at 75

We start with the conference event that celebrated the IMF’s 75th birthday. In this occasion, Mrs. Lagarde joined a panel that discussed rethinking cross-border cooperation. You can watch the full discussion if you’d like (below this paragraph we’ll embed the video for you), we’ll just stick to the main idea, which is quite simple. The world has remained too dependent on the USD as the world’s primary currency, and that’s not good in terms of equality among financial systems.

YouTube video

John Maynard Keynes, the legendary economist, proposed an international currency called “bancor.” He did this as Bretton Woods was created. It was meant to be the legal tender for global operations, thus preventing dominance by any single national currency. His idea was declined in favor of the USD, which, of course, did become the most crucial currency in the world.

A supranational currency was always part of the initial Keynes plan, which was the ideological cornerstone from which both the World Bank and the IMF were born. The project was adopted almost in full, except for the neutral currency.

The exciting thing is that now we can see documents by both the IMF and the WB in which Ripple’s XRP is referred to as a “supranational currency” just as Keynes envisioned 75 years ago. In the same documents, Bitcoin is called a cryptocurrency. This is not a coincidence. Ripple is passionately opposed on calling XRP the cryptocurrency, which is why it names it a crypto asset or digital asset. Could this be the reason why?

The original Keynes plan

Digging a little deeper on the Keynes plan, we can find this quotation:

“A radical solution is to create a new international organization, an international central bank, to which would be handed over the foreign exchange reserves of all countries. This is the Keynes-Triffin Plan on International Liquidity. The major obstacle to its implementation would be the’ reluctance of countries to give up their sovereignty over reserves. But it can be considered as a proposal to set the ball rolling for future negotiations.”

This is a radical idea indeed, and it would inevitably face stiff opposition from most of the world’s governments and central banks because they would have to give up their international reserves, thus losing one of the handles they have to stir domestic economic development and monetary policy.

YouTube video

The central idea is still built around an international non-national currency, and XRP could just fit the bill. It already does in most ways. The IMF acting together with the World’s Bank as a central bank for central banks could use XRP as a settlement means between the banks of the world while keeping balance along with bilateral relationships.

Mrs. Lagrade didn’t come out and spoke overtly about XRP adoption, but she espoused a series of ideas in which XRP could fit perfectly as the system’s working currency. Besides that, Ripple is already working alongside 40 or 50 of the world’s central banks so it’s already developed a collaborative network that would allow it to take center stage if the old Keynes plan should become an option (again) for the IMF.

The IMF’s leader has singled out Ripple in the past (calling it a disruptor, for instance) above other digital assets which shows that she’s very well about Ripple, its technologies and its currency.

So it would only make sense for the IMF to take advantage of Ripple (XRP)’s already developed networks, technology, and reliability to bring forward the next world’s financial system. And the IMF’s head seems to be keenly aware of this.

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.

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Electroneum (ETN) has a cannon under the wraps: M1 smartphone

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The MWC19 at Barcelona has just seen Electroneum (ETN)’s M1 smartphone released. The crypto verse anxiously awaited the new device, and it’s had mixed reactions from experts. The obvious question is: why is a fintech company involved in smartphone manufacturing?

Electroneum’s M1

The first thing everybody will want to know about this phone is if it’s as good as an Apple or a Samsung. It’s not. It’s not meant to be. It’s supposed to be a good, reliable phone, with the added value of being an affordable option for users who remain within the world’s unbanked population.

It runs on Android Go, and it’s average as budget mobiles go. You can buy one starting at USD 80. Those users who’ve already tested it say it’s sturdy, reliable and it works well.

Is this an error?

Not everybody is pleased about Electroneum’s incursion into the smartphone industry. Complaints are going around, mainly by investors, stating that smartphones were nowhere in the picture when they started to invest in Electroneum. Those investors are worried because ETN is entering one of the world’s toughest markets, which is already saturated by two of the world’s industrial giants. They see it as a set up for failure.

Other critics say that, if you can’t afford to own a bank account, then a USD 80 mobile phone (cheap as it really is) is also out of your reach. Yet another fear is that producing the M1 device will use up the project’s ICO money.

The real point in the M1

M1 is a marketing campaign, more than anything else. It’s designed to create trust around the Electroneum environment. Let’s say that a shop owner, or a friend, is trying to persuade an unbanked user to install the ETN cloud mining app.

The person in question is skeptic because “free money” is never really free and it always brings more problems along than those it solves. If you can show this person an M1, it will prove Electoneum’s legitimacy and trustworthiness so that this obstacle can be overcome in expanding the ETN payments system.

Besides, the device has made something of an impact in the cryptosphere. ETN is not the cryptocurrency you usually find in the most influential crypto platforms such as Coindesk or CoinTelegraph. For the most part, it’s considered to be a marginal project that’s not even mentioned very frequently in the specialized news sites.

M1 has changed all that, at least for the time being. Many well-known crypto YouTubers have run with the M1 news, and many sites that otherwise don’t cover ETN at all are also talking about it. That alone shows that the phone has excellent value as a marketing device.

About those ICO funds, they’re not supposed to be at risk. The phone will provide a small profit on its own, so the M1 will not get in the way of Electroneum’s growth.

The outlook

If you consider the M1 as what it is, it’s quite successful. It’s a marketing device that wants people from within and without the crypto verse to look at (Electroneum) ETN and consider it a viable option. It’s publicity that you can’t buy but that you can sell.

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.

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Sun Network, Tron’s sidechain solution is up and running at full now

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It’s no secret that the Tron foundation is one of those dedicated to delivering beyond expectations. Perhaps, if you’re a crypto enthusiast, you’re well aware of the number of developments coming out of the Tron foundation.

One thing that has always been clear from the Tron foundation is about introducing scalability improvements as well as other features.

And now, everything is set for Tron to get that leading edge in the crypto space to provide scalable dApps as well as smart contract solutions. What makes it interesting is that Sun-led blockchain’s arch-rival, Ethereum has struggled to achieve such a milestone for some time now.

When it All Started

The news about the launch of the scaling solution was officially announced in April. The Sun Network is simply built to develop further the Tron ecosystem. For instance, it’s meant to comprise several scaling projects like dAppChain along with cross-chain infrastructure plans.

The dAppChain Expansion

dAppChain is basically Tron’s dApp sidechain expansion project that is likely to increase its dApps immensely. Also, it will focus on some other customizable ways of running dApps with high efficiency, security as well as low energy consumption.

Overall, the Sun Network provides unlimited scaling for Tron MainNet, which will bring a plethora of possibilities to Tron’s dApps development and the ecosystem as a whole.

Besides, it is anticipated that the solution will bring a positive impact to the entire blockchain industry with Tron network benefiting the most.

The execution of the dApps includes three phases. The first phase already went down on May 30 with a focus on unlimited Tron Mainnet expansion. It supports sidechain smart contracts, too.

The second phase takes place on coming August 30th and will focus on further decentralization as well as asset security of Tron network. Besides, it will support the community for sidechain ecological construction.

The third phase is implementation and scheduled on September 15th, in an attempt to facilitate an easy deployment as well as the integration of sidechains.

The other Areas of Focus

Tron is taking the dApps bragging rights and getting more and more dominant steadily. This dominance is helping Sun-led blockchain to consolidate its position in the market and even move further up the radar.

Furthermore, the volume of dApps is increasing daily, further increasing the adoption of TRX and smart contracts. Given that Tron’s app activity targets blockchain-based gambling and games which drive high trading volumes, it seems, Tron is indeed destined for a good run going forward. As things stand, the new Sun Network will take Sun-led blockchain to the new heights. Time will tell us all, everything.

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.

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