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Five reasons for adopting Bitcoin Cash

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

Lower fees

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

Bitcoin will probably reduce the block size

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

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

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

Spend BCH, keep your BTC

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

Bitcoin Cash has adoption

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

Maximalism is jejune

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

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

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

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

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

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Bitcoin in 2019: Will it surge again this year?

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

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

Bitcoin as a payments company, not just as a coin

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

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

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

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

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

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

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

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

And what about the price?

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

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

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

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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

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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

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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

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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.

Welcome to Tron (TRX): The beginner’s guide

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Tron is a third generation blockchain platform with a clarity of purpose that most other blockchain projects lack: “Decentralize the web.” In other words, Tron is focused on using its state-of-the-art blockchain technology as a substratum to develop a global market that will include entertainment, media, and all kinds of content, except that it will be 100% decentralized.

That means that the current Internet central authorities (which also function as middlemen for creators) will be left out of the loop (Apple App Store, Google Play Store, YouTube, Google, Facebook, etc.). That will allow content creators to profit from their work directly from users without risking demonetization due to not following a company’s policy.

Among the many exciting features that are unique in Tron is their governance model for achieving consensus. It’s called Delegated Proof of Stake (DPoS). The consensus is essential in any blockchain network because that’s how you know that the network’s ledger (which is distributed among many nodes in the world) agrees in the way the network is moving forward.

Every node has the exact same copy of the whole blockchain, and every node agrees with every other one in that they all do. That’s the heart of decentralization. But Tron’s model allows for additional features such as voting for the “witnesses” that keep the network honest and receive compensation for processing transactions and creating new blocks.

Young as it is (not even two years old) the Tron network is already very well populated with all kinds of decentralized apps for users to enjoy. And, as the Tron Foundation bought BitTorrent a few months ago, and it’s about to merge it into Tron’s Network (Project Atlas), it is about to become the world’s largest decentralized network.

Join us as we tell you all you need to know to get started with Tron and to enjoy the apps, the token and the community.

What’s under Tron’s hood?

In short, if you see under Tron’s hood, you’ll find one of the most innovative and well-designed blockchains. This is the nerdy part, so feel free to move on to the next section if you’re interested in the more practical aspects of Tron, or in how to get started quickly. But we’d suggest for you to keep reading because knowing a project’s fundamentals is a good way to understand why it’s more valuable (or not) than others.

The network achieves governed decentralization and cost-efficient and very rapid transactions among members by using a classic three-layer architecture. The first layer is for storage. It manages how the data is recorded in the chain’s blocks, and how the system retrieves it for practical purposes.

Then there’s the core layer. This is where you’ll find all the data that keeps some of Tron’s most specific functionalities going. Here is the module that enables smart contracts, account management, consensus, and voting.

The Tron Virtual Machine (TVM) also works in this second layer. The TVM is a translator of sorts that developers can use to create decentralized applications and deploy them using any programming language they fancy.

Last but not least is the application layer. This one is more on the surface and allows developers to create their own dApps and smart contracts, along with the network’s tokens.

The Tron environment is unique as well. Most of the work (that means, creating new blocks) is done by 27 nodes that have been voted to become Super Representatives by TRX holders.

Other users can also help those nodes and even get some passive income as a reward. The Super Representative elections are an ongoing process that never stops. The idea behind the permanent elections is to keep the network inexpensive and with very high transaction speeds. It’s the competition that keeps the network performing well.

Getting Started with Tron

So you’d like to join Tron, huh? Well, first of all, you need to decide how you would like to join it. The simplest, most direct way, to join is quite simple: to own and hold a few Tronix (TRX) tokens.

That enables you to participate from the moment your wallet is populated, and it gives you a few additional advantages. TRX holders can use the network’s dApps; they can vote for Super Representatives (current or candidates) and suggest changes to the protocol.

But maybe you have more of a creative personality, and you want to join as a developer — not a bad choice. Few blockchains are as friendly for developers as Tron because the network offers lots of resources for them to use and, you don’t need to learn any native programming language for Tron, as you do in other blockchains. You’ll find repositories of developer resources scattered all over the web, but you can also use Tron’s own guides.

But if you want to be a normal user or a developer, the first thing you need to do to join is to buy and use some TRX tokens. For that, you need a wallet that can hold TRX.

Getting a Tron Wallet

This is another advantage in Tron. Setting up a TRX wallet is quite painless, and you can find several links at the Tron website that will enable you to do that quickly and easily.

You just need to go to the website, find the Wallet webpage, and you’ll find all the options available for community-developed wallets. Some of them can hold Tron or Tron-based tokens only. But there are some (Ledger, for instance) that can hold other cryptocurrencies as well.

Among the choices when it comes to best Tron wallets, you’ll have are Ledger Nano S (which is not Tron, but it’s a popular, affordable, hardware wallet, Exodus, Trust Wallet. Those are multi-coin. Other options, more focused on TRX are Tron Wallet iOS, TronLink Chrome (which is especially popular) and iTRON Wallet.

All those options are safe, reliable and can be deployed from your desktop computer, your internet browser, a mobile device of your choice or even a hardware wallet devices which looks just exactly like a USB-stick.

If you’re on the developing side of things, you can even come up with your very own wallet to use with Tron Block Explorer. But you’ll have to be approved and listed.

We’ll tell you how to use a TRX wallet known as TronLink Chrome. There are several good reasons for that. First of all, this wallet is a Chrome extension, so installing it is a walk in the park, and it takes fewer than 60 seconds and clicking a few links (assuming Chrome if your browser of choice, of course).

  • You start here: https://tron.network/wallet
  • Find “TronLink Chrome” and click “Download.”
  • You’ll be redirected to a Google Chrome Extensions webpage. Click on the Add to Chrome button. Your browser will install the extension, and the TronLink icon will appear on your browser’s extensions bar.
  • Click on the icon. That will pop a menu that allows new users to create a password (which should be a strong one, ofc). Type it again for confirmation.
  • You’ll have to choose between restoring an existing TRX wallet or creating a new one. If you’re going to restore one, you’ll have to provide your secret key or phrase. But since we assume you’re new on this, we click on “Create Wallet.”
  • Create a username. A popup will tell you what conventions you should follow.
  • Come up with a 12-word phrase. That’s the secret phrase that will enable you to restore your account if you should need that in the future.
  • Tron will ask you to click on a series of words, in the same order as your key phrase. After that, you confirm, and you’re all set with a new Tron wallet.

And that’s when the game begins. Open your wallet again by clicking on your TronLink icon, and you’ll see a popup that lists your accounts, your wallet addresses, transaction history, Tron dApps, token balances and more.

TRONScan: So you want to find a node?

TronScan is Tron’s block explorer. It’s an interesting tool. You can think of it as Tron’s Yellow Pages meet Tron’s Annals. It lets you explore individual blocks, transactions, and addresses in the network.

If something has ever happened in Tron, it’s there somewhere. If a node is online, you can find it there too. This is probably for hardcore developers who like to find patterns in the network’s flow of information. Remember that tokens are also a form of information, so the financial flows in Tron can also be consulted there.

But maybe you’re just interested in finding a Super Representative node in the Tron network (you know, the guys who do all the hard work). That will allow you to create a node of your own so you can help a given node of your choice.

And according to each node’s specific policy on payment structures, you could be rewarded for sharing your resources. Let’s be clear about something: this is not mining, Tronix is not a minable digital coin, but the chain still needs new blocks to be created all the time. You could say that this is as close as Tron comes to mining, and you can join. And for that, you first need to choose a node.

Super Representative nodes welcome extra help with open arms because the DPoS system encourages it. If those nodes are not willing to spread the wealth a little, they will have a much harder time earning votes from TRX holders.

Here’s how you find a node near you (or anywhere else) in the Tron network:

  • You start at https://tronscan.org/
  • Click on the blockchain tab. It’s the one on the left side of the top menu.
  • You’ll see a dropdown. Click on “Nodes.”
  • You’ll see a zoomable map in which you can browse around the world and find SR nodes everywhere on the planet. This will help you to chose which SR you’d like to vote for and join.
  • Clicking on the map’s pins will show you each node’s IP address. Entering that address in the site’s search bar (top of the page) will tell you all you want to know: number of tokens in the node, number of completed transactions, uptime, efficiency, and other essential stats.

So you want to buy some TRX?

As mentioned before, this is how it all starts (once you have a wallet).

Justin Sun and the Tron Foundation have a very aggressive and adept PR and marketing policy for a good product. So TRX has become a popular cryptocurrency in a short time. By popular we mean that it’s listed in most of the world’s most important exchanges, but also in several that are not so famous.

If you know Huobi, OKEx, Upbit, or Binance, they all carry TRX. But these are all crypto-to-crypto exchanges, which means that you can’t use your fiat currency through your debit or credit card to buy coins there. To use those websites you already have to own a cryptocurrency (Bitcoin, most frequently) and then trade it for TRX.

So you’ll need to start with a crypto exchange that supports fiat-to-crypto pairs. That will need for you to sign up, verify your account, link your bank account or card to the website. Among the best sites for this kind of operation are Coinbase, Kraken, and Gemini, because they’re among the safest and more reliable in the market.

  • Once you have some cryptocurrency (BTC is the one that you can really trade everywhere), you’re almost there. Sing up for an exchange that includes TRX trading pairs (say, Binance). Verify your account. Find your BTC wallet for the site.
  • Click on “deposit,” and that will get you a deposit address for the Bitcoin network. Copy to your clipboard.
  • Then go to the site where you bought your BTC initially, find the “withdrawal” button or link. Paste the address and click “send.” They could ask you for confirmation using a Two-Factor verification device (usually your mobile phone). Congrats, you’ve made your first BTC to BTC transfer!
  • Now you need a bit of patience. Keep in mind that Bitcoin is not currently the fastest network in crypto, but it’s very reliable so the transfer will be done. But it could take a few minutes (10-30) and sometimes even more.
  • Once the BTC is in your Binance BTC wallet you need to find the TRX/BTC pair (not the BTC/TRX one, that’s what you would do if you owned TRX already). Most often you’ll find the link at the top of the site. Click on BTC to find the trading pairs based on Bitcoin. Then find the TRX/BTC pair and click on “Buy TRX” and enter the number of BTC tokens you want to convert to TRX. Click “Buy.” That’s it! Congrats now you own some TRX and can start using Tron’s dApps!

How to develop your own dApp

Feeling creative? Few other projects offer their developers more resources (in both quantity and quality). The first place to go would be https://developers.tron.network. Most of your questions related to software development on Tron are answered there, but you can also find other Tron devs to talk with and learn from their expertise.

What do you need to know? Well, anything you know in terms of computer programming is enough. When Tron launched its new Main Net, everything was Java only. Now, the TVM allows you to write code in any language of your choice, and the TVM executes it in Tron.

Lots of developers do the work on Ethereum because it’s been along for a longer time as a programmable platform, and then they just port the work to Tron so it can be integrated into the network. It could be more practical, but that’s up to every developer.

Once your app compiles using Solidity, you can use Yarn (which is free) to take your app to Tron.

Consensus: Here’s how it works

One of the most interesting aspects of owning TRX is the Super Representative electoral process. It has a huge turnover. In order to vote you need to freeze your TRX for some time.

Freezing your tokens is useful because that gets you two cryptocurrencies of sorts called “power” and “bandwidth” which you will need so you can dance around the network more comfortably. And, also, it gives you the right to vote.

Don’t worry about freezing your tokens. You can’t use them as long as they’re frozen, but you won’t lose them. And having some power and bandwidth in your wallet will make your life easier.

Here’s how it goes:

  • Go to TronScan, log in.
  • Make sure you have TRX in your wallet. You need just a single token, but you must have something.
  • If TronScan is not aware yet about your wallet, click on Open Wallet (top right) and enter your wallet’s private key. If you have it as a keystore file on your computer, that works too.
  • In your wallet click on “Freeze” and choose how many of your TRX you want to freeze.

The freeze lasts for 72 hours, and you can’t use them in the meantime. After those three days, you get your TRX will become available and active again. Go to the Tron SR tan, and click on Votes. The page will show you your balance of power, TRX, and a timer that’s counting down until the next round of voting begins. Only 27 nodes can be Super Representatives at any given time.

You’ll see who they are, and you’ll find links to their respective websites. In those websites, you’ll find out what’s each individual node’s policy about helpers. That way you can figure out which SR suits you better and vote accordingly.

Click on “Click here to start voting,” and that will show you a slider next to each SR and candidate. That slider represents the amount of power you want to use for voting, and who will get your vote.

If your candidate wins or remains an SR, you can join that node as a supporter and begin getting some rewards for helping the network.

Final thoughts

We hope we managed to be informative and, maybe, get you interested in one of the most innovative and exciting blockchain projects in the world today. The Tron community is very committed to the project and bullish about the token. In the worst case scenario, you’ll find a lot of exciting apps, have some fun, and pick some nice chats with fellow Tron members.

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.

BitGo supports Tronix coin, what does it mean to Tron?

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BitGo

BitGo is a different kind of cryptocurrency exchange platform. It’s one of the very few ones that are focused on providing cryptocurrency financial services to institutional customers instead of the retail investors that are still the majority of players in the cryptosphere. And it’s the world’s market leader in that category. BitGo alone processes 15% of all Bitcoin transactions in the world and.

It supports more than a hundred digital assets. Across all of those tokens, it has a flow of USD 15 billion monthly. The company is active in more than 50 countries all over the world, and it owns the first qualified custodian service for cryptocurrencies, called BitGo Trust.

Tron

Tron is a third-generation blockchain platform that’s been growing very quickly and successfully during a period of time that has seen most other blockchains and cryptocurrencies shrink or lose value. It’s already the largest decentralized application network in the world, and it’s not even two years old.

It was founded by Justin Sun, who already had something of a celebrity status in his natal China because he’s the man behind China’s most popular chatting mobile app. He is also known ad Jack Ma’s (Alibaba’s founder) close friend and protegé which doesn’t hurt his reputation either.

Tronix (TRX) at Bitgo

Last Tuesday, Tron announced that BitGo would support Tron’s TRX cryptocurrency later this year by providing a wallet and custody support.

“This partnership with BitGo will let institutional investors trade TRX with the confidence,” explained Mr. Sun, who is also the CEO of BitTorrent.” As TRON and its subsidiary BitTorrent work toward our vision of creating a new internet economy that is fast, secure, and cost-effective, we need to work with the companies that can provide that secure foundation. With BitGo, TRX investors will have the most secure wallet and custody options.”

BitGo’s chief technology officer, Ben Chan, also addressed the new partnership saying:

“Institutional investors want a wallet provider and custodian who can support a full range of digital assets so adding support for TRX later this year is an important step,” he remarked.

The BitGo official continued,

“BitGo is the only institutional digital asset company with a full product offering, from high-volume wallet platform to regulated custody services. Institutional investors are responsible for other people’s assets, and that requires the highest levels of security and regulatory compliance. BitGo will provide that for TRX.”

Institutional investors have been very skeptic about cryptocurrencies in general since Satoshi created them about a decade ago.

So this is an exciting development for Tron because BitGo’s support will open the doors for it to the institutional markets which could end up being the driving force behind crypto once some of the current fear they still have for digital assets fades away.

And Blockchain projects with solid fundamentals, such as Tron, can be the key to a successful marriage between the traditional and the digital economies.

The precise date for Tron’s inclusion at BitGo is still unknown, but it’s definitive that it will be this year. Inclusion in a platform of BitGo’s importance will surely increase Tron’s trading volumes and demand for the token. Both things, in turn, can only help the coin’s price.

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 Best TRON Wallets to Keep Your TRX Tokens Safe

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TRON is one of the best cryptocurrencies in the crypto-space today. It is a decentralized blockchain platform that has lots of Dapps deployed on it. The Sun-led blockchain is very popular as its token is widely used around the world today.

TRON was initially launched on Ethereum’s blockchain network; however, the TRON network took a step forward by migrating from ERC-20 into creating its own MainNet in June last year. Due to the fact that TRON has relocated to its very own MainNet, it’s necessary to have TRX wallets that are highly compatible with the present MainNet.

Where to keep your TRX safe is a major concern today, and in this article, we will take a detailed look at the best TRON wallets to save your TRX tokens. Some of these wallets are PC, mobile, or web-based, and you will know how to use them very securely.

The Best Tron Wallets

  • TRON Android Wallet

The TRON Foundation itself has promoted the TRON Android Wallet. This is because it has a multi-functional setup, with an attractive user interface along with a TRON cold wallet structure. These features make it easy for users to store their TRX tokens securely.

However, this wallet is specially made for Android phone users only. It is encrypted by a passkey which can only be retrieved through a 24-word recovery key. This wallet is trendy because of its beautiful features.

  • Atomic Wallet (Multi-Wallet)

Atomic is a popular and very secure non-custodial Tron multi-wallet that enables managing over 500 other crypto coins and tokens in the app. Users can buy, exchange, and manage their crypto holdings in a well-protected and smooth interface.

Your private keys get generated from mnemonic. When you end up going with Atomic wallet, your funds’ security comes down to your very own hands entirely. Atomic is available for macOS, Windows, Linux, iOS, and Android.

  • TRON Chrome Extension Wallet (Browser Extension)

One of the best wallets this year is the TRON Chrome Extension Wallet. This wallet is user-friendly, and it is the best TRON wallet for Chrome users. This wallet is web-based, and you can store and receive your TRX very easily without being hacked as transactions safely.

Your TRX tokens are highly secured, and as per reviews of TRON wallets, this secure option has been highly recommended by many experts for TRON holders.

  • TRON IOS Wallet

This is one of the added wallets on TRON network. It is another mobile-based wallet as the Android wallet but is specifically built for IOS phones. The Tron Foundation backs this mobile wallet (through the loan).

Additionally, this wallet is an open-source wallet that has the ability to secure private keys. It has a beautiful and easy to use interface. It is important to know that this TRON wallet is among the most used wallets on TRON network.

  • Ledger Nano S (Hardware Wallet)

Hardware wallets like Ledger Nano S have strong encryption and are really hard to hack into. The Ledger Nano S is one of the top crypto hardware wallets in the cryptocurrency-space today.

It is portable, and it has a USB port you can use to connect to your PC. You can use this hardware wallet to store not only TRX tokens but more than 500 cryptocurrencies.

Since it is a hardware wallet, you need to install the Tronscan desktop wallet from Github, to store your TRX tokens.

  • Exodus (Desktop Wallet)

The Exodus is also one of the most secured wallets today. It is notably known for its beautiful interface. You can store different cryptocurrencies – not only TRX alone. Also, you can exchange your tokens using the built-in ShapeShift integration.

  • TRON Paper Wallet

The TRON Paper Wallet is also considered to be one of the safest methods to save your TRX tokens – together with the TRON Chrome Extension Wallet, due to the fact that token transactions on these wallets are only achieved offline.

With a paper wallet, your public and private keys are printed on paper, making your passwords offline. When you follow the instructions for using a Paper Wallet, it will be next to impossible for your tokens to be stolen.

  • Guarda Wallet

Guarda wallet was created to provide users with a better experience in the cryptocurrency industry. The wallet supports over 45 chains and over 10,000 tokens. The wallet has reiterated its focus on a multi-platform approach and has web, desktop, Google Chrome and mobile devices versions available.

Guarda also offers the multi-signature facility, staking, and support for privacy-oriented coins such as Monero and ZCash.Using Guarda, people will have the first-hand experience with an in-built exchange service as well as a lowered exchange amount for some cryptocurrencies trading pairs. Guarda, which already supports Tron based tokens, also allows users to buy Tron coins using an inbuilt purchase service.

Final Words

So you have it! These secure options retain the place of the “Top TRON Wallets” centered on TRON news, user-friendliness, security concerns, and compatibility. As you can see, we have placed different options: from mobile wallets to a paper wallet. For people who want to get the most secure and easy choice, you can use either the Tron Paper Wallet or the TRON Chrome Extension Wallet.

And of course, it is vital for individuals to choose only from the wallets mentioned above as they have been verified by the TRON Foundation.

However, no matter the type of wallet you have decided to go for, it is critical to keep up with solid practices like safeguarding your passwords and private keys at all times.

Editor’s Note: The article was updated on September 12, 2019, to include Atomic wallet on readers’ requests.

Image courtesy  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 BitTorrent token, BTT use cases: More than just a reward

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The BitTorrent network has been as controversial and misunderstood as it’s been successful. Now it’s going to become a blockchain network (based on Tron) and that’s just making things more controversial, but it could also make it even more successful.

At the center of this shift from traditional P2P decentralization to the blockchain, decentralization is a new cryptocurrency called BTT and it’s based on Tron’s token technology.

BitTorrent

But we start at the beginning.

BitTorrent brought forward the idea of decentralization years before crypto ever existed. In 2001, to be precise. It began and still is, a 100% decentralized network for sharing files. At the time, there were several of those (eMule, eDonkey, Napster, and several others) but BitTorrent ended up being the sole survivor.

It’s still around and, in some regions of the world, it accounts for 70% of the internet traffic. It’s the world’s largest decentralized network even today, with more than a hundred million total users scattered all over the planet every month.

Tron

Tron is much more recent, it’s not even two years old yet. It’s a blockchain project founded by Justin Sun, that aims to decentralize the web as a whole using cryptographic technology (Tron’s own technology, preferably).

BitTorrent is already decentralized (if not by means of blockchains) and it hosts gargantuan amounts of content. Both projects are aligned in many ways so it wasn’t much of a surprise when the Tron Foundation bought BitTorrent a few months ago.

After that, Tron announced that it will merge Bitcoin into Tron through something called “Project Atlas”. That will see BitTorrent become a blockchain network, and, as every blockchain, it will include a token (BTT).

BTT

So what would be the point in yet another new cryptocurrency? It actually makes sense, keep on reading.

The first (and most obvious) use case for BTT will be to enhance the way in which BitTorrent works. It will incentivize users to keep sharing their content by longer periods of time by allowing them to earn some passive income.

So, if you seed your files for longer, the network will reward you with some digital money. But that just would be the beginning.

Imagine that, as BitTorrent becomes a blockchain, then you can deploy smart contracts, decentralized applications, and websites in a Tron’s subsidiary network. In that scenario, BTT would allow you to participate in those apps and contracts and even develop new ones if that’s your cup of tea.

But there’s another scenario that’s even more interesting. You could actually develop and deploy websites that would run on BitTorrent. You would have no servers, but the sites would be hosted by the decentralized network and not by Microsoft, Google, Youtube, Facebook, or any other of the usual suspects.

Then the new token would allow you to monetize your content directly from users, and for users to pay for the things they really want.

In that context, Tron’s vision of a decentralized web could get started in the next few months instead of the next few years.

The point is: while the first use case can be obvious, there are plenty more that will only become apparent as the network develops. And they could change the way we think about the internet.

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.

Digital asset trading platform, Digifinex, set to list BitTorrent token BTT

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On February 22, tomorrow, the Singaporean digital asset trading platform Digifinex will be listing BTT token which is based on TRON blockchain. TRON’s CEO Justin Sun announced the important news on his official Twitter page. Sun also made it known through his tweet that the trading pairs: BTT/BTC and BTT/USDT will be made available at 12:00 on Feb 22, 2019.

TRON CEO tweeted:

Earlier, the exchange noted that it has taken screenshots of all TRX holders with a block height of 6600000 and also promised to hold an airdrop of BTT tokens among TRX holders within five working days. Digifinex has advised TRX holders to take note of their increased assets within this period.

It is important to know that in the CoinMarketCap.com ranking, Digifinex holds the third place in terms of trading volume which is 574,629,499 USD at the time of writing.

Lately, TRON’s BTT token has been getting lots of attention across many digital exchange platforms in the world today. Last month, notable crypto exchange platforms Bitfinex and Binance listed BTT tokens, and let’s not forget that BTT token works on TRON’s network. Its listing on the aforesaid platforms followed lots of airdrops for individuals who own TRX tokens.

The Singaporean exchange platform recently introduced other tokens on its platform such as ONG (Ontology Gas) and Unification (UND), in which it offered 5000 ONG worth of rewards for ONG investors during its airdrop.

At the time of writing, BTT token is green and with a market value of $0.000980 and a market capitalization of $87.80 according to coincodex.com. Over the past few weeks, its value surged by more than 4%.

More information on TRON’s BTT token

TRON’s blockchain powers BTT tokens which also operates on TRC-10 protocol. It was also built to work easily with the BitTorrent network which has more than 100 million users worldwide.

Subsequently, the primary goal of BitTorrent token is to simplify and efficiently improve the sharing of files and other vital information among BitTorrent users. The BitTorrent network itself has users (peers) that help in the sharing of critical documents.

TRON is planning to have an airdrop which follows a series of monthly airdrops that will run till February 2025. The longest airdrop in the history of crypto markets.

It is necessary also to note that, at the moment, TRON has 990 billion BitTorrent tokens and has labeled 10.1% for airdrops to TRX holders for the next six years or so. According to TRON, this airdrop will grow as time goes on.

Additionally, TRON is planning to have a new facet tagged “BitTorrent Speed” to increase the use of BitTorrent among its users. That has to do with BitTorrent users accessing files at a breakneck rate when they make BTT payments among themselves.

It implies that BitTorrent users who share files (seeds) can earn more BTT Tokens for making data available for peers. This project aims to reward financial incentives to seeds on the BitTorrent 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.