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BBVA to Migrate to Ethereum-Based Educational Platform Soon

The BBVA (Bilbao Vizcaya Argentaria Bank) announced yesterday the launch of its BBVA Campus Wallet platform, a token-based training system which will run on the Ethereum blockchain soon.

BBVA is one of the leading banks in Spanish-speaking countries and the second most important bank of Spain.

Ricardo Forcano

The launch of BBVA Campus Wallet aims to improve the training process of the personnel assigned to this financial group. Ricardo Forcano, BBVA’s Global Head of Talent and Culture, was enthusiastic about the idea, mentioning that BBVA seeks to invest in HRs as a way of improving the quality of its services.

“We are living in a time of transformation when the capacity to learn will become the principal competitive advantage for any organization,”

The use of tokens allows more efficient management of the resources used in training while motivating staff to share their knowledge:

“(BBVA Campus Wallet) assigns value to training through tokens that certify each hour of training taken or given to other colleagues, and opens the doors to all employees – independent of their role – so that they can take courses that until now have only been available by invitation,”

Ethereum: A great ally for Tokenomics Enthusiasts

The Ethereum network is the most important blockchain after Bitcoin precisely because of its ability to manage tokens, mostly in the form of ERC20.

This characteristic has led BBVA staff to plan a migration of its BBVA Campus Wallet platform to the Ethereumblockchain in the near future. In a Press Release, BBVA emphatically stated this:

“The next step of this project is to take the leap into the Ethereum network. BBVA is preparing a trial for this platform so that all token exchanges will be publicly registered and the tokenomics defined in smart contracts. This entails a very important step in BBVA’s firsthand experience with the potential related to public blockchain networks.”

Currently, the platform has benefited over 4000 employees, of whom at least 57% have taken at least one class, causing the creation of 20833 tokens.

The most popular courses according to the institution are related to legal aspects, technology, financial products, and corporate values.

BBVA is not the only institution that targets the use of Ethereum and other blockchains to promote education. Other universities such as Woolf University, Tutelus and Oxford have already had successful experiences in this area.

A new demonstration that blockchain can revolutionize many initiatives beyond the purely economic ones.

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Tron (TRX) Discontinuation of #ERC20 on Official Web. Trembles Ethereum

It is no news that Tron (TRX) MainNet was launched on the 31st of May, with the development greeted resulting in the blockchain community basking in euphoria.

In the wake of the information, the Tron team doubled their joy by announcing that they will fully discontinue ERC20 services for Tron Office Website  owing to the fact that Tron MainNet will become officially independent on June 25, 2018 Singapore time.

In this regard, ERC20 deposit services for Tron Office Website will come to an end on June 6, 2018 12:00, and ERC20 withdrawal services for Tron Office Website will be halted on June 22, 2018 12:00 Singapore time.

A statement by the Tron team advised that those who are unable to withdraw funds in time should connect with Tron token support to tender a request for withdrawal, insisting that the support service will be available until December 31, 2018.

“For the security of your funds, please confirm the remaining balance on your ERC20 Tron Office Website balance and withdraw funds into an exchange that supports TRX migration, where you will be able to convert to mainnet tokens,” the statement concluded.

As the announcement generated praises and condemnations, it became necessary for analysts to discuss what the future holds for Ethereum and Tron at the same time because some platforms are leaving the Ethereum community to launch their mainNet, among them are Tron (TRX), EOS (EOS), Zilliqa (ZIL), VeChain (VEN) and Cardano (ADA). 

One of Ethereum World’s News analyst, who weighed in on the issue insinuated that Ethereum has a tough time ahead with several mainNet platforms going live.

Tron and other cryptocurrency launching their mainNets will give Ethereum more tough competitions considering the fact that they are alternative platforms for developers wanting to create dApps.

While it is no joke that Tron mainNet has many unbeatable advantages over Ethereum, one of them is that it uses user-friendly Java programming languages purposely for scaling the platform.

The discontinuation of ERC20 on Tron official website and the unveiling of several mainNets continue to tremble Ethereum community. When things are fully in shape, these mainNets are going to be tough competitors for Ethereum. At the moment, it is a tremble for the blockchain network.

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Massive Price Increase Greet Tron’s (TRX) ERC20 Exit

Tron is gathering momentum and at present doing fantastic in the cryptocurrency market. This is a clear indication that the cryptocurrency has the possibility of maintaining good status when it finally leaves the ERC20 protocol for its mainnet.

There is hope that Q2 of 2018 would be productive for the cryptocoin owing to massive developments it has been amassing, lately.

Going by all indication, leaving ERC20 with its 100 million DApp users will boost the Tron progress when it fully launch the mainnet on May 31th.

A statement by Justin Sun reflected that there should be no worry about token swap during the move from ERC20 to TRON mainnet since Tron devlopers are working on a seamless swap.

“Our supporters don’t need to worry about the token swap,” Justin Sun, CEO at Tron said.

“You can either deposit your TRX into an exchange and wait for them to swap for you – and even if you forget to put the token into the exchange, we will have the exchange support swaps forever.”

In the same line, Tron has announced a virtual machine would launched on the 25th of this month. This virtual machine gives opportunity to all the dAPPs that were initially built on the Tron platform based on Ethereum to move their projects with hitch.

As time goes on, Tron will be adding more to its arsenal by investing in ideas within the Tron community.

“Our main goal at Q3 is to fully support third-party apps and provide third parties with stable and reliable system-level support, including high-performance pluggable smart contract virtual machines and optimized P2P network systems. In Q4, we will focus on cross-chain communication and privacy protection,” Sun has stated.

Tron Market Analysis.

Unlike other cryptocurrency witnessing downfall for sometimes, Tron is moving up the north with a rising value.

Ethereum World News reported today that “the pair TRX/USD is changing hands at $0.0759 with 12.48% increase in the last 24-hours while being positioned on the 10th place – according to coinmarketcap.”

Today has not been so magnificent for most coins in the market as they seem to be dropping value. But this has not affected Tron’s focus for the zenith. At the press time, Tron is among the top 10 coins doing fantastic.

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Leading ERC20 Tokens by Market Capitalization

Coinbase recently announced its intention to support the Ethereum ERC20 technical standard, which will potentially lead to the listing of some ERC20 based coins across its platforms. The move could trigger interest and a subsequent price hike for any coin chosen.

The ERC20 Protocol

ERC20 is a technical protocol that developers can use to create tokens on the Ethereum network. It can be used to create a currency, asset or virtual share and has many other applications for use. ERC20 has been particularly popular with ICOs and other enterprises looking for a simple way to launch a digital coin or token.

There are literally thousands of ERC based tokens with hundreds available for trade. ERC Tokens created on the Ethereum network are automatically compatible with any wallet or exchange using the ERC20 technical standard.

Coinbase announced its intention to add ERC20 support on March 26th, 2018, but has not indicated when, or which ERC20 coins it may eventually list for trade.

ERC20 Tokens

A handful of leading ERC Tokens by market capitalization and the focus of the company behind them:

EOS (EOS)

EOS is a blockchain platform for the development of decentralized applications being developed by Block One, and founders Dan Larimer and Brendan Bloomer. EOS provides an operating system for applications including user authentication, cloud storage and server hosting.

TRONix (TRON)

TRON Founder Justin Sun is targeting the trillion-dollar global entertainment market with a decentralized content sharing platform. The platform aims to compete with existing digital media sharing platforms by creating a single medium for content creators to share their content with consumers.

VeChain (VEN)

Founded in 2015, VeChain is focused on building a decentralized platform for business solutions. It aims to create a platform that can handle 10,000 transactions per second, where businesses can interact and transact without an intermediary. VeChain is also progressing the ability to build decentralized apps on the VeChain blockchain.

OmiseGo (OMG)

OmiseGo, with Ethereum founder Vitalik Buterin as an advisor, is building a decentralized peer-to-peer financial transaction platform that facilitates financial services across locations, asset classes and applications. OmiseGo is targeting both traditional banking customers and developing countries with its e-wallet, exchange and payments facility.

ICON (ICX)

Project ICON is aiming to “Hyperconnect the World” by building one of the largest decentralized networks where blockchains can interact with each other using smart contracts. The ICON platform could cross-section finance, security, insurance, healthcare, education, commerce and more, where all can both coexist and transact.

Ethereum World News makes no attempt in this article to predict whether any of the above tokens will be eventually listed by Coinbase, merely choosing the current market leaders by Market Capitalization. Binance Coin (BNB) has been excluded from the list as it is highly unlikely Coinbase will make a competitor platform’s coin one of its first choices.

Coin Savage recently published an interesting assessment of ERC20 tokens against the Coinbase selection process. A comprehensive list of ERC20 based tokens can be found at Etherscan.