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Ripple‘s UBRI partners with the world’s leading universities to foster blockchain growth

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Ripple’s UBRI (University Blockchain Research Initiative) was launched in June last year for fostering the development and growth of the blockchain industry by partnering with top-tier academic institutions. The initiative by Ripple has now collaborated with 29 universities to further increase academic research and various advances in the crypto-sphere.

Last year, Ripple’s UBRI only had 18 academic institutions on its radar, but it has expanded its reach by collaborating with 11 new schools to further increase the academic interest of post-doctoral and graduate students also.

Ripple invested more than $50 million on tech resources to the first set of top-tier academic schools in partnership with UBRI, which included 18 institutions from all over the world.

The new set of partnership by Ripple’s UBRI includes top-notch universities and colleges that represent different academic fields. The new partners include:

  • Duke University
  • Carnegie Mellon University
  • Cornell University
  • University of Michigan
  • Georgetown University
  • University of Kansas
  • National University of Singapore
  • Northeastern University
  • Institute for Fintech Research, Tsinghua University
  • University of Sao Paulo
  • Morgan State University

Ripple’s initiative through UBRI is poised to nurture future engineers, business professionals, and owners to apply blockchain technology to their field. The initiative has also been aimed to create awareness on the influence of blockchain on all sectors of the world.

However, Ripple’s SVP of Global Operations, Evin van Miltenburg stated:

“We created UBRI back in June 2018 to provide the best support for 17 different universities around the world to help progress their study of blockchain technology, cryptography, digital assets, and Fintech”

Evin added,

“The blockchain is an incredibly transformational technology and helping advance the best minds in the world, who are already showing interest in the field, sure to benefit the entire ecosystem. We’ve added 11 new universities this time around and now have 29 schools involved with the program. Expanding the ecosystem to a more global, diversified network of UBRI partners will only continue to enrich these projects.”

Ripple’s funding on UBRI is intended to boost the initiative in different ways and in various academic areas spanning from business, law, engineering, and so on. UBRI resources from Ripple looks to help these schools to launch new courses, award scholarships and incentives to students who have an interest in blockchain technology.

Evin van Miltenburg further said that Ripple aims to ignite the spark among students in these universities knowing that “they are the most capable individuals in the field.”

Ripple Boosting Innovations Through Academia

Even though Ripple’s UBRI program was launched just last year, all institutions in partnership with this initiative have expressed an immense sign of improvement, thus, indicating Ripple’s ambitions to boost innovations in the blockchain industry.

Ripple’s UBRI relationship with the University of California, Berkeley, has fostered departmental collaborations in the school. Additionally, it has enhanced the creation of research projects and funded activities that are led by students – including the forthcoming blockchain UI/UX hackathon.

Another institution benefiting from Ripple’s UBRI program is the University of Texas at Austin. UBRI lead in the school, Professor Cesare Fracassi, has emphasized that the program has helped U.T Austin in 3 different ways:

“Firstly, it has permitted the funding of faculties and Ph.D. students who are interested in blockchain technology. Secondly, it has increased the curriculum on the blockchain, thus, helping students to gain more knowledge on blockchain technology. Finally, the program has helped to fund important research for people who want to know more about blockchain technology.”

This year, however, the schools in partnership with UBRI initiative will conduct lots of programs on blockchain related matters. On the other hand, Ripple aims to sponsor lots of student-led activities this year to boost innovations in top-notch academic institutions around the world.

Image courtesy of Pixabay.

Tron’s BitTorrent adds another feather to its cap; records sixth highest market volume

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Tron and its partnerships have created a storm in the cryptocurrency space with several updates and developments coming from the Justin Sun led cryptocurrency company. This move has only been overshadowed by Tron’s recent bullish surge on the charts, making it one of the biggest gainers on the charts.

Latest reports show that Tron’s acquisition BitTorrent’s BTT token has grabbed the sixth position on the cryptocurrency charts in terms of trading volume. The coin which was just released last month is also closing in on six times the pricing of is Initial Coin Offering [ICO] a week ago.

Recently, BitTorrent recorded a flash hoke where it pumped by over 50% within hours. At press time the token is valued a $0.009611 while recording a market cap of $546 million. What made the volume figure jump out was the fact that it as more than that of popular cryptocurrencies like XRP, Tron, Stellar and Bitcoin SV.

The BitTorrent token was also in the news recently when its public sale got over in record time on the Changpeng Zhao led Binance. A total sale of 59.8 billion tokens was made during the sale. The timing could have been cut short if not for a technical glitch that was pointed out by both Changpeng Zhao and Justin Sun. Sun had tweeted:

“I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX”

The Tron CEO had also revealed that 5000 BTT tokens were successfully transferred in an airdrop. He further said:

“#BitTorrent (#BTT) has completed an airdrop of 5,000 $BTT to all users that were eligible but unsuccessful in purchasing BTT on @binance Launchpad. #TRON #TRX $TRX”

Image courtesy of PixaBay.

Tron keeps making right moves and securing accountable accomplishments

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If we look at the first month of this year, the reports are kind of scary in general for almost all of the digital currencies followers. Where bears had continued to tighten their grip on the major cryptocurrencies one day or the another, genuinely testing the faith they have had develop within their communities. When it comes to Tron though, the matter has not been the same for the 8th largest cryptocurrency in the world, in many regards.

It’s not that the Sun-led cryptocurrency completely saved itself from getting affected from the bearings, but the effect it has had on Tron is nothing compared to what it had on the top 10 cryptocurrencies of the crypto-sphere.

In fact, Tron is the only digital currency in the top 10 list which has had a significant positive ride in the past month. Tron managed to gain 35% in the meantime where other giants of the market struggled.

Compared to Tron, Bitcoin dropped 9%, Ethereum lost 23%, XRP fell 14%, EOS dropped down by 12%, Litecoin managed to rise by 1%, Stellar dipped 29%, and Bitcoin SV lost 29%. In the course of its gains, Tron also managed to secure the 6th spot, temporarily, leaving Litecoin and Tether behind.

To talk about the developments and accomplishments which caused Tron to secure such magnificent results during the time when all other major cryptocurrency struggled, the first thing that outshines all is the Dapps influx.

The lucrative offers it ensures such as no GAS fees and higher TPS (Transaction Per Second) have caught the attention of the Dapps creators who were getting sick of the overcrowding on the Ethereum platform. Because of this, a considerable number of the Dapps moved onto the Tron Network along with six applications which are rating in the top 10 at the moment.

On the other hand, the BTT token of the Tron’s acquired BitTorrent is also one of the favorite gossips of the sphere. Tron’s Project Atlas looks promising to encourage seeding on the BitTorrent network, which has a massive base of 100 million, by linking it with BTT token which is hosted on the Tron network and will serve as the payment instrument on the Torrent Network. Tron hopes to increase its adoption further and attract more famous applications to move onto the network.

Can Tron maintain its magnificent stride?

Yes, Why Not? Having Justin Sun as a CEO, whom energetic marketing skills of keeping the community well informed about the upgrades and potential partnerships through his timely tweets on twitter won’t just let the hype subside. Also, there is massive support around for Tron no matter if it’s on Twitter, Telegram or Reddit.

And of course, selling the BTT token on the Binance Launchpad in a record 14 minute, raising over 7 million dollars is not something you can ignore easily.

There were lots of negativity about the project when it started, many people were accusing it to be a scam, but over the period of time, they have changed their minds now. Interestingly, the prominent rating agency Weiss Crypto rating, who was among those haters, also confessed that Tron truly has become as one of the most popular currencies in the world, which undoubtedly negate their initial opinions about the project.

Image courtesy of Pixabay.

Ripple approaches mainstream as now users can use it through CoinGate in 4500 businesses

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Ripple and its coin (XRP) have been a blockchain project with a very specific purpose. Unlike Bitcoin (mother of all cryptos), or Litecoin (which has been pushing hard for adoption) or almost any other cryptocurrency in the crypto verse Ripple’s XRP has never been meant as a retail coin.

That means that you and I are not supposed to use it at, say, Amazon or e-bay to buy stuff we want or to pay for our newspaper subscription, etc. The whole idea behind Ripple and XRP is to be a technology (and a coin) that eliminates the friction in international transfers inherent to the outdated (but still standard) SWIFT system. So XRP is not for you or me to use in the same sense as Bitcoin.

And it’s hard to argue with Ripple’s position on the subject because both the company and the altcoin have been quite successful by sticking to their focus. Just think about this: XRP was the most profitable coin during 2017, the year in which almost every digital asset was profitable. And during 2018, which was an unmitigated disaster for most blockchains, XRP managed to grow as the market was shrinking and losing value. It dethroned Ethereum as the second cryptocurrency by market capitalization.

But Ripple has seen the writing on the wall and it’s come to understand that being a retail-coin for “ordinary” crypto maniacs is not such a bad thing. Every use case for Ripple’s XRP (or any other cryptocurrency, for that matter) means demand for the token and it’s demand and usefulness that provides the fundamentals for any blockchain project that end up driving up the price because of authentic economics instead of mere speculative pressure.

So now there is a debit card that uses your XRP to pay for anything you want (your coffee, your cigarettes, your beer or your cart at Amazon). This shows how Ripple is expanding its horizons beyond the world’s banking system. And today, they took a further step in that direction.

Recently, coingate announced a new payment option for its merchants. And, their own words “this time it’s a big one! Due to very popular demand by the community, our next cryptocurrency on the list – XRP!”

And what does that mean? It means that if your digital wallet includes any XRP, then now you can use that currency to pay for goods and services in any of the 4,500 online shops that do business using the CoinGate platform. So you need to pay for your VPN (which you should because free VPNs are a security threat)? A video game? You name it, if it’s within the Coingate ecosystem, then you can pay for it with XRP now.

This is a wise move by Coingate. Even if Ripple’s XRP hasn’t been the most useful currency as a payment system for mortals, the community is very enthusiastic and bullish about it. They trust the system and the coin’s future as you can see for your own in many YouTubers who are sure that it will be the next big thing in Crypto (if it isn’t already). So the platform will profit by the community’s enthusiasm while, at the same time, expanding the use cases for XRP and increasing its demand and real-world utility.

And it will serve merchants well too because it’s the most important coin by market capitalization in the world after Bitcoin. So XRP holders will get more opportunities to use their digital assets and merchants will have access to customers that would otherwise not be in their radar.

The platform’s vendors will be able to settle their payments in realtime in many different currencies fiat and digital as Euros, Bitcoin, Ether. But they could also keep their revenue in XRP if they so choose.

Why XRP?

Well, according to Coingate, because Ripple is different. It’s as simple as that. How is it different, I hear you ask? Let’s see.

The XRP ledger (called “ledger history” too) is validated by several XRP Coingate validators which are decentralized and distributed all over the world! Ripple’s protocol consensus (RPCA) guarantees that every node agrees on everything as new transaction are processed.

As long as every node has the same information, the transaction is good and safe. And XRP tokens do not need mining (like Bitcoin, for instance) which means that the new blocks in the chain are produced very rapidly, and everything is verified and secured very quickly, cheaply and reliably.

Decentralization has been a contentious issue at Ripple. Let’s keep in mind that Ripple is not a non-profit project driven by a community (like Bitcoin, or Litecoin, or several others) but a private company which is trying to make a buck by implementing blockchain-based services for the banking industry. And it’s the main owner of most of the XRP in the world.

As such there’s been suspicion about the company’s intentions, about the fact that it could control every single node (which would beat the point in decentralization). But that’s actually not the case at all. Ripple cares deeply about the network’s decentralization and it has a plan to guarantee it now, and also as the network keeps growing.

In a nutshell, more new third-party validators will join the network so the ledger will be more distributed and reliable. For every two trusted and secured nodes, Ripple will remove one maintained by developers. The escalation will also improve performance and transfer speeds (which are already among the highest in the industry).

As a matter of fact, Coingate has joined the network as an XRP ledger validator in order to facilitate the decentralization process.

So what is the point in the XRP ledger, anyway?

The ledger in question is optimized for ordinary, run-of-the-mill payments domestic or international. That’s why it improves liquidity for banks and remittance services. It’s particularly well-suited to exchange money across borders when you send a particular fiat currency but the other party needs the payment to be settled in the local fiat.

Not all fiat currencies in the world have trading Forex pairs so settling that kind of transference is not always very direct. That’s where XRP becomes useful. With XRP the sender can exchange the local fiat into crypto, send the crypto over Ripple’s network, and then the receiving party just uses XRP to buy local currency.

It’s faster, cheaper, more reliable, and banks don’t need to keep lots of non-local fiat currency that they can’t use at all until an international transfer arrives. And that’s why xRapid is being so well received among Ripple’s 200+ partners.

It’s not that xRapid does something that can’t be done in some other way. There is the SWIFT system which is 43 years old and it’s still the standard among banks when it comes to international transfers. But it does it better. In minutes instead of days, for fractions of a cent, instead of 25 USD or a percentage of the transfer, and it’s a lot more reliable as well.

More than two hundred banks in the world have adopted Ripple’s technology at least at a testing stage, and a handful among them have already deployed them at the production stage. Banco Santander (which is ranked as the world’s best bank) already has a mobile app in selected countries that is powered by Ripple.

Why use XRP?

Because it’s a good way for exchanging value. It’s safe, it’s quick, it’s reliable. A payment done using XRP takes about 4 seconds to settle (Bitcoin, for instance, remains rather slow even as the new lighting network is active). The Ripple Network is good for more than 1,500 transactions per second and very few other blockchains can boast that kind of transfer speeds.

If that’s not enough to persuade you, then think about how much Ripple will charge you for a transference. It’s not even a cent. It’s not even a tenth of a cent. As a matter of fact, the figure is $0.00001 exactly. It’s probably the cheapest payment system available in the world today. And that’s one of the many reasons for which Coingate chose to go with XRP as the next step.

The adoption of XRP by Coingate opens new opportunities for XRP as a token, for its users, and for the platform’s vendors and clients. And it provides the cryptocurrency with 4,500 new use cases in a single go. This is an instance in which everybody involved wins.

So you need some XRP?

And more XRP-based services are available for you at this platform. It’s never been easier to get some of Ripple’s tokens.

You don’t need to buy XRP at, say, Binance and then bring them over through your digital wallet to CoinGate. That’s easy, safe but bothersome. You can buy XRP directly from CoinGate using any of their supported payment methods. You need to be a registered user for that but, if registering is too much of a pain in the butt for you, there are other ways in which you can still get the XRP you want using the very same platform. So they really give you no excuse not to own some.

Debit and credit cards are supported if you just comply with an easy KYC verification, which is becoming the rule everywhere anyway. Netteller or Skrill are also welcomed. Just give the site your XRP address, provide your credentials and get your tokens! No, it’s actually not publicity. But getting ahold of XRP coins can be such a difficult process at times that it’s worth it to tell you when it’s easy and where it’s easy.

CoinGate ended its announcement (which we have covered in full for you in this article) by asserting the belief that XRP can indeed become one of the payment’s industry biggest players. Yes, for banks and remittances for sure but also for end-users such as you and me. And the platform is trying to facilitate and accelerate the mass adoption of digital assets that can really make a difference for everybody in the world, not just for Wall Street and friends.

So make no mistake. Ripple has been unpopular among crypto fans in the past because it works along with the financial system instead of trying to undermine it (which, after all, was Satoshi’s vision for Bitcoin as he brought blockchain technology and cryptocurrencies to the world). But it’s kosher, it’s decentralized, it’s valuable and it’s moving forward faster than most other blockchain projects. So even crypto purists are starting to see the point in supporting it.

XRP is at $0.303546 as we write this and it’s trading in green numbers. It’s cheap, it’s undervalued and there’s every chance that when the next bull run comes to Crypto, XRP will lead the way because developments as the one we describe in this article make the project’s fundamentals very strong even as technical price analysis can be doubtful at times.

And that is very good news indeed because it will help us all (and crypto) to bring the new digital economy forward and, in the process, make value and currencies less dependent on politics, central authorities, and the traditional financial system. Keep an eye out for Ripple. You’ll be pleasantly surprised.

Image courtesy of Pixabay.

Bitcoin is sinking but the Ethereum killer (aka Tron) keeps rising. We tell you why

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Tron is a blockchain network of the third generation which is giving Ethereum a run for its money as a decentralized application platform. It’s surpassed Vitalik Buterin’s platform in the last 30 days, and it’s added more than 30%. Tron’s token (Tronix or TRX) is now in the top ten by market capitalization, it’s in the select list of cryptocurrencies worth more than $2 billion.

Tron’s capitalization is now higher than Bitcoin SV and Stellar Lumens. It’s now eighth by capitalization and that’s happened as the market keeps shrinking and most coins keep losing value. Only a few weeks ago, Tron was 11th place.

Tron has experienced a bull run, mainly because of the success its decentralized apps have had, since last mid-December. In those six weeks, it’s managed to outperform both the USD and Bitcoin, with an increase of 130% in value which is reflected in market capitalization as well.

But it’s down by about 90% from its all-time high, about a year ago. By then it was capitalized at $16 billion. That, of course, happened during the now legendary (and missed) 2017 bull run that propelled crypto to amazing heights. Then the bears came around in 2018 and they’re still around.

But bulls are still surrounding Tron. The project’s community is quite bullish about the token, they’re using it in the very successful decentralized applications deployed on Tron’s blockchain. Moreover, the token’s value is boosted by the upcoming BitTorrent Token sale which begins today and will be available until February 3rd. The new token, which will incentivize seeding at the world’s largest decentralized network, will be available in trading pairs against TRX and Binance’s token.

There will also be airdrops. TRX holders will get a few BTT tokens if they hodl their TRX in a few selected digital wallets (as we’ve reported on this website). The first round will come around with the new month (February). The BitTorrent network will run over Tron’s blockchain, it will remain a professional version fo the file-sharing service that will now be incentivized by the new BTT token. Users will be able to earn passive income by just sharing their files and their content.

And as all this happens, Weiss Ratings are sending Tron’s price even higher by hailing the project’s popularity as well as the coin’s.

“We might give tron a hard time every now and then, but give credit where credit is due: The TRX/USD pair is the most bullish looking chart of any top 10 project right now,” Weiss Ratings informed using its Twitter account “The popularity of this project cannot be denied.”

Then there’s Brock Pierce. Mr. Pierce co-founded a venture capital firm based on crypto. He’s on the record saying that EOS (yet another Ethereum killer) and Tron are doing great if you go by the number of dApps and users they’re serving compared to Ethereum.

The Tron Foundation’s CEO is none other than the occasionally controversial Justin Sun who is a master in PR and marketing and is often under crypto’s spotlight. He’s trying to make Tron the place to go to deploy dApps (which means doing away with Ethereum). And he could succeed on that. Just over the last few days Tron as duplicated its trading volume from $200 to $400 USD million.

As Tron keeps moving forward and growing both as a network and in token price, the cryptocurrency market keeps shrinking and losing value. The market seems to be waiting for institutional investments to wake up and for the regulatory panorama to become clearer. In the meantime, everybody (except for Tron and XRP) are losing.

“When you have a news story that highlights a development, it can cause these sudden leaps [for the likes of tron and other smaller digital tokens],” Mati Greenspan, senior market analyst at broker eToro explained.

“What we’re seeing now is the effect of a flat market—the overall sentiment noise is dying down so individual token developments are getting more attention,” Greenspan added.

Image courtesy of PixaBay.

Tron (TRX) acquires BitTorrent’s BTT record highest daily volume on Binance

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Tron [TRX]’s efforts to push cryptocurrencies into the mainstream realm has certainly captured the attention of users and holders everywhere as the Justin Sun led cryptocurrency does not look to be slowing down. The multiple updates and developments coming from the Tron roster has certainly helped the cryptocurrency regarding price as TRX now rests at the 8th position on the charts after overtaking Stellar and Bitcoin SV.

One major news related to Tron was the recent BitTorrent public sale which was partnered with Binance, the largest cryptocurrency exchange on the planet. The partnership had also recently announced that they had completed the BitTorrent [BTT] public sale in record time. Justin Sun had tweeted:

“It is official: In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. Meanwhile, in the TRON session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds. #BTT $BTT #BitTorrent #TRON”

Post this development, reports show that the BitTorrent token had the highest daily volume on Binance just one day after launching trading with non- TRX pairs. The trade volume on the platform amounted to 23,555 BTC which was more than the combined trade volume of XRP, Ethereum, Tron and Binance Coin on the platform.

The BTT Airdrop to Tron holders is slated to start by February 11. The public sale that occurred recently had taken place in two phases: one conducted by Tron while the other one was conducted on the Binance Launchpad. Binance’s official release stated:

“Token sale prices for each session are now locked and set at:

1 BTT = 0.00001824 BNB (using a BNB price of 6.58000 USD)”

Binance CEO Changpeng Zhao revealed to users that the sale was met with such excitement that it caused a system issue. He had tweeted:

“Both sessions concluded. Took about 18 minutes, due to a system issue, would have taken 18 seconds otherwise.  Demand was astronomical.”

The issue that occurred was related to problems in the “user agreement confirmation” button caching/locking. He even admitted that the earlier stress tests had focused on the buying process and not on the user agreement confirmation button.

Image courtesy of PixaBay.

Craig Wright (Faketoshi) goes against Tron (TRX)

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Dr. Craig S. Wright likes to stir the crypto waters. He’s claimed to be none other than Satoshi Nakamoto. He recently attacked Ripple’s technology and token (XRP) (despite the fact that it’s one of the blockchain projects with the best technology, use case, and fundamentals, it’s second by market capitalization as we write this). He also played a crucial role (a bad one in our eyes) in Bitcoin Cash recent fork that saw the project split into two different networks and tokens. This is a man who likes to create controversy for sure, and his latest attack is against Tron.

He used his Twitter account to go against Tron. Here’s his tweet:

https://twitter.com/ProfFaustus/status/1088086434576302081

Not very subtle, indeed. But should we pay attention to this diatribe anymore than we’ve had in the past (just for the record, we don’t take Mr. Wright very seriously, and we doubt very much that he’s Satoshi)?

In this article, we’ll briefly review Tron’s fundamentals so you can decide on your own if it’s indeed such a bad project as Mr. Wright says. So let’s start.

Tron is a very young project. It’s been around for about a year and a half only, and it’s accomplished many notable achievements already. It’s a third generation blockchain which means it’s not all about a currency but also about a programmable platform that supports the development and deployment of decentralized applications and smart contracts.

It was founded by Justin Sun (who is the Tron Foundation’s CEO), who was already quite famous as a technology entrepreneur in China and as a protegé of Jack Ma’s (yup, that Jack Ma, the man behind Alibaba). His credibility in the Asian tech world is beyond any doubts and he’s invested his fame into Tron’s PR and marketing.

The project started running over Ethereum’s network. Then it went its own way on last May by launching its own main net thus becoming independent from Ethereum’s network, the blockchain, and token technology.

As it became autonomous, the new network’s technical specifications were spectacular. Transfer speeds were very high, and the cost of running new apps in the new network was negligible when compared with Ethereum’s high gas cost. It became apparent very quickly that Tron would give Ethereum a run for its money and the phrase “Ethereum killer” became a common reference to Tron in cryptosphere analysis.

Tron has a definite purpose: to use blockchain technology to decentralize the web. This is a very ambitious goal, but we’ve seen harder things happen in digital technology’s history. The aim is nothing short of revolutionary.

Imagine a world wide web in which the information doesn’t flow through the central authorities we’re used to (Google, Yahoo, Facebook, Microsoft, etc.) but in which every content creator can interact directly with his user base without being subject to, say, Youtube’s monetization rules. That’s what Tron is all about, and it’s not as far away from happening as you could think.

Tron bought BitTorrent a few months ago. That is the world’s largest decentralized network in terms of users and traffic. All kinds of content are available in BitTorrent, and it’s about to become a blockchain network. It will run on Tron’s blockchain, to be specific, and that will make Tron the world’s biggest blockchain network. Yes, it will surpass even Bitcoin.

BitTorrent users will be rewarded for seeding their files with a Tron-based token called BTT so sharing your files on BitTorrent will earn you passive income just by allowing your computer to be on.

Tron has a very enthusiastic community that is very bullish on the project’s coin, called Tronix (TRX). The wallet is very easy to use (it’s a chrome extension, in fact), and it has very clear use cases.

Tron is a solid project with very strong fundamentals. Over the last few weeks, it’s gone from 11th place by market capitalization to 8th. And this has happened in a very hostile market that’s seen most other cryptocurrencies shrink in value.

We don’t agree with Mr. Wright. We don’t believe Tron supporters are “dumber than dirt” as he says. We consider Tron to be a project with vision and it holds a lot of promise. But you should make your own mind up. Do you agree with Craig Wright? Do you also think he’s Satoshi?

Image courtesy of Pixabay.

Tron gets added as a pair on BitBNS with Tether

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Today’s market status looks sunny for all the cryptocurrencies as everyone in the crypto-verse (except few) is trending in green, which indeed is a sigh of relief for all the project enthusiasts and authorities.

To talk about Tron, the 8th largest cryptocurrency in the world, if to be named as “warrior”, would not be inappropriate. It is just so, where all the other crypto-currencies were struggling in the bearing trend since the mid of November, Tron not just fought gallantly but also the developments it made and landmarks it achieved during that period to ensure its reliability has started to pay off well.

The past eight weeks have been great for Tron where it has made almost up to 160% gains. Remember, it is that time when bears have had a tighter grip on all the other giants of the crypto-market let alone Bitcoin. This magnificent stride clearly indicates that Tron is experiencing very positive momentum in the crypto-verse.

Just a couple of days ago, Weiss Rating, the independent rating agency which we all know became a substantial name in the crypto-sphere made it public stating, despite the fact that we used to criticize Tron pretty harshly, it has proven its massive popularity in the world.

To talk about the latest achievement for Tron; the day before yesterday BitBns, one of the renowned exchange from India announced that they are going to launch the USDT trading pair for Tron. In its release on Medium, they made it public that the pair will be live from 08:00 PM on 29/01/2019 (that’s already a done-deal, obviously).

BitBns, which didn’t have crypto-to-crypto trading feature until a couple of weeks ago, in response to the ban imposed by RBI (Reserve Bank of India) on Indian crypto companies for using banking services, took the initiative by adding 3 trading pairs with Tether (USDT). The newly announced pairs were USDT-BTC, USDT-XRP, and USDT-ETH. The company had also promised to add more pairs soon. Launching USDT-TRX pair is the fulfillment of that promise.

In its release, BitBns also hinted at its one of the visions for 2019 – to better themselves in making crypto trading effortless and simplistic. They believe that these launching of pairs with Tether is going to bring their vision on the achievable sight.

Tron’s stride at the moment

As we mentioned in the beginning, today’s been slightly good for the digital market so far (hope will continue to be the case). Where every other digital asset is progressing and recovering from the brutal lost, they have had in the recent days.

Tron is down by 1.42% in the past 24 hours, but Justin Sun-led cryptocurrency is not too far from securing the 7th spot from LiteCoin. At the press time, Tron is available for trade at $0.0272 and has a total market capitalization of $1.818 billion.

Image courtesy of PixaBay.

Tron making it to OKCoin kills all the FUD about TRX being security once and for all

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OkCoin is a Chinese cryptocurrency exchange, founded in 2013, that has been expanding very aggressively all over the world. From China, it unfolded into the United States, and it’s currently going for the Latin American markets, a move that surprised many within the cryptosphere as they chose to start with Argentina, offering digital assets for the local Argentinian Peso which is one of the continent’s weakest fiat currencies in the continent. It currently serves 110 countries in the world and is looking to find new markets elsewhere as well.

The move towards Latin America is remarkable because the cryosphere’s more prominent players have mostly neglected this region and the company’s position will be almost unique.

“OKCoin is committed to opening up new markets for digital currency consumers throughout the world, and we are very excited to bring our safe, secure and licensed trading platform to consumers in Argentina,” explained Tim Byun, CEO from OKCoin USA. He added,

“This is just the beginning of our Latin American expansion, as we’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence.”

One of OKCoin’s particularities is that, as it did in Argentina, it offers fiat/crypto trading pairs which are still not that common in crypto exchanges. If you have some experience investing in digital assets you would know that the most common way to enter the market is by buying Bitcoin and then trade it for any other token you fancy if that should be the case. Not with OKCoin.

https://twitter.com/DigitylRise/status/1090382528974733313

The company is not only committed to reaching as much of the planet as it can, but also to offer many trading options. Most of the better-known cryptocurrencies are supported by the platform (0x, Zcash, Stellar Lument’s XLM, Cardano’s ADA, Ripple’s XRP, Litecoin, Ethereum Classic, Ethereum, Bitcoin Cash, and Bitcoin) and, starting today, a new token will be included: Tron’s TRX, and it will be paired against fiat currencies as well.

Established OK clients are now able to use USD or Argentine Pesos to buy TRX directly, or paired against 0x, Zcash, XLM, ADA, XRP, Bitcoin, or Ethereum.

Tron trades at $0.027 as we write this and it’s keeping its 8th place in the rankings by market capitalization, a spot that has achieved over the last couple of months only, as it used to be 11th not too long ago. This is impressive growth in the midst of a bearish market, a feat that only very few blockchain projects have managed over the last 13 months.

And it’s even more remarkable when you remember that this is a third generation blockchain project that’s been around for fewer than 18 months. This is very good news for Tron and for TRX holders as new listings bring about additional trading volume for the asset which, in turn, can create new demand and drive the price up.

Additionally, the pairings offered by OKCoin against Argentine Pesos will offer unique insight into the status of crypto in Latin America, which remains something of a mystery still since many of the world’s larger exchanges are not licensed to do business South of the American border as OKCoin is.

Image courtesy of PixaBay.

Why BitGuildPlat migrated from Ethereum to Tron

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If you like to keep current with news from the cryptosphere, you’ll know a few things already. But if you don’t, there’s nothing to worry about, that’s why we’re here. For instance, you would know that Tron started life as a project running on Ethereum’s network and that it later developed its own main net which came online last May.

You would also know that the technical specifications for Tron’s new main net were so good that Vitalik Buterin (Ethereum’s founder and current leader) mocked them as fake promises. But as the new network went live, every single specification turned out to be true.

As that happened, many observers declared Tron as the new “Ethereum killer.” Let’s remember that blockchain technologies of the second and third generation (Ethereum and Tron, respectively, in this case) are not about a cryptocurrency only, but they are programmable platforms that can support the development and deployment of decentralized applications and smart contracts.

That niche has been dominated by Ethereum since it started, as it was the first project to offer that kind of features. But is Ethereum the prevailing project when it comes to dApps and smart contracts still? Or is Tron (along with EOS, Cardano, Stellar Lumens, and other third generation blockchains) finally killing it? Things seem to lean for the second option, let’s see why.

First of all, Ethereum has been plagued by problems. The transaction speeds are comparatively slow, and the gas price is kind of high. Ethereum users have been complaining about this for months, and Ethereum’s leadership hasn’t done much about it. An update to the blockchain (called the Constantinople hard fork) was supposed to appear last week, but it was defective, so it’s been postponed for next month.

If Ethereum’s problems were not enough, Justin Sun (Tron’s CEO and founder) came forward and invited Ethereum developers and users to move their apps to Tron’s platform. Some people mocked him. And some people took him at face value and are doing exactly that, like BitGuild.

BitGuild’s a decentralized gaming platform that develops several games currently available on Ethereum’s network. It claims to be designed to do away with fees, fraud, and regulations in a tokenized gaming marketplace. The fee-free bit is currently impossible on Ethereum, not to mention the network’s speeds limitations which is why BitGuild moved to Tron, as per Mr. Sun’s invitation, among other factors.

The announcement came this January 18th at Tron’s, niTROn summit at San Francisco and it was made by Jared Psigoda, BitGuild’s CEO. He gave several reasons for the company’s decision:

  • Transaction speeds.
  • Low fees (essentially none).
  • The strong community at Tron.
  • TRX holders are bullish about the token, and they actually use it.
  • The Tron Foundation is supporting the move.

It’s hard to argue with any of those reasons. If only a couple were true, the case for making a move would still be solid.

So, it’s happening. Tron (and other blockchains) are indeed killing Ethereum. It’s not even the second largest cryptocurrency by market capitalization anymore (that’s Ripple’s XRP). EOS is still far from challenging Ethereum for the third place (it would still need 10 Billion USD), but the thing is that EOS is growing as Ethereum is shrinking so it could happen at some point during the year. And Tron has gone from 11th place a couple of months ago to 7th as we write this article.

The important thing is this: if EOS, Tron, and other blockchains can overcome Ethereum as the main network to deploy dApps, then it will be a matter of time to do the same regarding capitalization. We shall see.

Image courtesy of PixaBay.