TronWeekly

Crypto World News

You are here: Home / Archives for News

News

TRON Hits 2 Million Accounts in No Time

by

TRON (TRX) is witnessing an intense growth in the crypto space due to the fact that it is one of the most attracting digital assets today. It enticed more users at the end of last month; during that same period, the CEO of IAmDecentralized.org Misha Lederman stated in a tweet that 1.9 million accounts are present and TRON just needs 21 thousand plus accounts to achieve the 2 million accounts milestone.

Misha’s Tweet read:

“#TRON witnessing massive growth in new accounts over the past 2 days, adding a record of 77,105 new wallets on Feb 27-28. This puts the total number of accounts on the TRON  blockchain at 1,978,032. We’re less than 22,000 accounts away from 2 million #TRX wallets #IAmDecentralized.”

Today, TRON reached the 2 million account milestone. It should be noted that TRON’s MainNet launch was March 4, 2018, and within 252 days, it achieved this fantastic milestone. Ethereum, on the other hand, launched its MainNet on May 20, 2017, but could only achieve the 2 million account milestone within 660 days.

Clearly, Tron is growing way faster than Ethereum.

TRON, the Go-to Platform for Dapps Developers Today

TRON is the developers’ choice, due to the fact that it continues to foster the development of Dapps today. As a result of the developments of Dapps on TRON platform, the number of accounts has increased in a short period.

TRON recorded more than 70,000 new accounts interacting with TRX Dapps in the past two weeks; we aren’t saying this at our own, this is according to Ratingdapp.

In the same time-frame, EOS recorded just 52,974 new accounts, and Ethereum managed to get 25,887. Subsequently, the two most popular Dapps games (Epic Dragons and Crazy Live Dogs) and exchange Dapps (TronTrade and TRXMarket) in the crypto space only run and function on no one else but TRON’s network.

A tweet by Misha Lederman reads:

“#TRON recorded more than 70,000 new accounts interacting with #TRX Dapps over the past two weeks alone, according to the new rating from @RatingDapp. Meanwhile, the two most popular games and the two most used exchange Dapps are housed on TRON. #IAmDecentralized. #TRX #BTT.”

The Introduction of BitTorrent to TRON’s Network

Besides the fact that TRON fosters the development of Dapps, another factor that contributed to the 2 million account milestone was the introduction of BitTorrent. TRON’s network has made file sharing very easy to perform, and fruitful, which is attracting people in bulk.

What Next?

TRON is on the path to becoming one of the top cryptocurrencies in the crypto space. It is important to recall that before TRON launched its MainNet last year, its CEO: Justin Sun, stated that TRON Foundation had paved the way for TRON (TRX) to be among the top 6. No doubts, TRON is progressing towards precisely that with all these developments.

Notwithstanding, TRON attained the number 6 spot in January 2018 but got removed from the place in a short period of time. However, Sun later stated that lots of work are in progress to make TRON regain the same position permanently.

Sun declared:

“Expectations for the future are even higher. Our next goal is to become one of the top 6 cryptocurrencies in the world. We have actually achieved top 6 briefly on January 5, 2018, during TRON’s astounding sprint out the gate. In 2018, we will reclaim and secure this title, which will mark TRON’s global status as a mainstream public blockchain and lay a solid foundation for competition with Ethereum”

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.

Is the bearish run of crypto over at last? McAfee and Lund: Bitcoin will hit a million bucks

by

The crypto winter could be finishing. During February’s last week all of the major cryptocurrencies went up impressively (yes, Bitcoin and Ethereum too).

The market capitalization was over $142 billion (half of it was Bitcoin’s), and the gains were quite stable even on the weekend (the market is slightly in red again today, though). The momentum couldn’t be sustained, so the current total market capitalization is at $124.

Bitcoin reached $4,200 (it’s at $3,757 as we write this), but it wasn’t the only coin going up. Many did increase in value, and some were even more profitable than BTC (Ethereum, for instance, went up by more than 10%). EOS, Tron, Cash, and Litecoin went up by 5% or more; XRP by 4%.

If that trend had followed (which it didn’t) market valuations for many cryptocurrencies would have been green and in two figures. But the most important thing is that that upsurge shows that the market is fighting hard to get rid of the bear’s hug it’s suffered for more than 15 months already. And Bitcoin’s price didn’t have to go all the way down to $3,000, as many people thought, for that to happen.

It’s not crazy to think that the events of February’s last week can be the turning point in which we will see consistent growth. Yes, there will be fluctuations, things won’t be smooth (they’ve never been), but we could be looking at the light at the end of the tunnel, and that’s good news in itself.

Why the upsurge?

An expert at eToro is on the record explaining that the reason for the upsurge could have been Ethereum’s sudden scarcity. It makes sense if you take into account that Ethereum lead the way regarding impressing games during that time period, so it does suggest that Ethereum’s shortage was behind the crypto jump.

But it also had something to do with Samsung. That’s Korea’s larger smartphone manufacturer. The company announced that the new handsets would include support for cryptocurrency wallets, which is a shift in the firm’s past policies. This is relevant because it means that the world’s main tech vendors are realizing that cryptocurrencies are here to stay and that supporting them is the way to go.

Samsung, McAfee, and Lund

And even before Samsung’s announcement of adding built-in crypto wallet in their upcoming Galaxy 10, both Jesse Lund and John McAfee stated an opinion: Bitcoin will go all the way up to USD 1 Million, sooner or later. Mr. McAffee has been saying that for years now, and while he remains an authority in the technology world, he’s been so vocal about it that a lot of neutral observers don’t take him that seriously anymore.

Mr. Lund is a different animal. He’s not a tech celebrity, but he still is very influential because he’s the head of blockchain and cryptocurrencies at IBM. Mr. McAfee says the 1M record will happen by next year’s end, and Mr. Lund gives no dates, he just thinks it will happen.

The future

Ethereum could keep leading the way for some time. The network’s hard fork and update (called Constantinople) has been expected for a very long time (and it got delayed because it didn’t work properly). As that update just went online recently (assuming that it works and addresses some of Ethereum’s most disturbing problems), it could keep Ethereum in the vanguard.

But even if Ethereum doesn’t lead the way, there are plenty of projects in the cryptoverse that have very solid fundamentals and real-life value (Tron, Cardano, Ripple, Electroneum, just to name a few). So, crypto will recover never doubt that. When? Well, that’s impossible to say. In the meantime, we still have a chance to buy cheap.

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.

The Tron Weekly Journal joins forces with Moon Marketing

by

The Tron Weekly Journal

The Tron Weekly Journal is one of the very best information services covering everything TRON. We aim to offer all the relevant information and news about the Tron project in a single place so that all the Tron fans in the world can find out quickly and reliably what is going on.

As many of you know, we even have our very own TRX-based cryptocurrency (Tron Weekly) that serves as a means of exchange for all the things the site needs to do to keep going (advertising, incentivizing collaborators, etc.). So, TronWeekly.com is a website worth of your time, come and visit often, you’ll find lots of exciting information about Tron and all things related.

Moon Marketing

Then there’s Moon Marketing. This is a Tron focused project which aims to bridge the gap between Tron’s decentralized applications, general users, and gamers by deploying innovative marketing tactics (which has been Tron’s seal from the beginning) and the DarkMatter gaming platform. DarkMatter has a token as well (DMX).

The partnership

Tron Weekly Tron Moon Marketing

And now, Moon Marketing has partnered up with The Tron Weekly Journal to work together. Moon Marketing’s innovative tactics will enhance the influence Tron Weekly already has, and association with Tron Weekly will also help Moon Marketing’s credibility. So it’s a marriage made in heaven that will improve the Tron Network experience for every user who is willing to take advantage of it.

The packages

The partnership will start by offering several packages that you can use anywhere within the Tron blockchain. Here they are:

  • Bronze: 6.5k TRX. This gets you seven days of advertising at TronWeekly.com, custom press releases by Tron Weekly and inner page adspace (300 x 250 bitmap).
  • Silver: 10k TRX. You’ll get the same as in the Bronze deal but with 20 days of advertising, and a post in Tron Weekly’s Telegram groups to promote your own project’s press release.
  • Gold: 18k. Thirty days of advertising on Tron Weekly, your inner page banner AdSpace can be 728 x 90, You get your project mentioned the weekly newsletter. TronWeekly will review your project thoroughly and, if you issue an ICO, the Moon Marketing team will review that. You press release will be updated, and a 10% discount on all articles written by Tron Weekly for your project. Last but not least, a 10% discount on all social media post done by Moon Mine on your behalf.
  • Platinum: 24K TRX. Forty-five days of advertising at TronWeekly.com. You can choose where your ad is placed, and your project is mentioned in two different Tron Weekly weekly newsletters. Moon Marketing will make a custom graphic for your project which will be included in the press release. Moon Mine will do two social media posts on your behalf. The discounts for articles and social media postings go from 10% to 25%.
  • MVP: 30k TRX. You get everything you get from the previous packages and more. Moon Marketing will put its mind on a video to promote your project. You’ll get a promotion during a DarkMatter live event. The discounts on future articles and social media postings will be as high as 50%.

This is a particularly good time to get one of these packages (and of course, fill your bag more with Tron Weekly tokens) because the Tron Weekly Journal just burned 150 million tokens yesterday, on March 2nd, and that usually brings up the token’s price.

So we salute the new partnership and invite you to join in!

Join and subscribe to the Tron Weekly Journal on Telegram: Group | Channel

Moon Marketing on Telegram: Channel | Moon Mine

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.

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

by

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.

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

by

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

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

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.

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

by

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

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

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.

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.