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VeChain (VET) Founder Teases for a new Partnership Proportionally with Renault and BMW: Double Digit Gain

Sunny Lu – founder of the 18th largest cryptocurrency by market capitalization which is attracting growth very speedy, added his comments on the future of the network during a live chat on Youtube.

VeChain Latest

The commentary started with a Mr. Lu praising the VeChain community highlighting out that it is one of the best and great examples of a crypto-community. He cited the extension of the X-node binding time window as one of the main actions the team took as a result of the community input.

Accordingly with Foundation’s reward pool that holds 15 bln VET tokens, when Thunder, Mjolnir and Strength Nodes are tracked for hand-out, the overview of the X Node will resume.

When it comes to the MainNet, Sunny Lu added that everything is going according to plan as approximately 90% of VEN turned to VET. Proportionally with this, he is very happy with the new Protocol – Multi Task Transactions and how it rolled out. It makes it possible to issue various transaction in one major one.

As the platform hit the above-100,000 trx mark, the blockchain is signaling that adoption is on its way for VeChainThor. However, even with that score they are still somewhere around 1.5 transaction per second, and they will need a lot more to compete with existing centralized payment options.

For the near term, the founder noted out the VeVID service that makes it possible for the user to verify their identity. On top of that a VeChainThor mobile wallet was mentioned. He confirmed that another partnership will be added to the current line-up of automotive companies that includes BMW and Renault.

– OceanEx and VeChain

As explained by John P. Njui in a previous EWN – VET post – OceanEx is an AI powered digital asset trading platform within the VeChainThor Ecosystem. The platform uses AI technologies to provide an actively protected and ultra-liquid cryptocurrency trading market, full-fledged quantitative trading capabilities, and a rich set investment tools and products to meet a wide spectrum of investment strategies from all types of investors.

The project is currently in the WhiteListing process for those who would like to participate in the VeChain Community Round. The minimum VET required to participate in the WhiteListing currently stands at 50,000 VET (Approximately $695 with VET valued at $0.016722).

Girl in a jacket


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TRON (TRX) Versus the Crypto-Verse: Confidence in Overcoming the Lead

The much believed cemented position that the leading cryptocurrencies have taken could be set on question with the new wave of coins making tremendous development. One of the strongest competitor for future market overwhelming could be the 11th largest crypto-platform TRON (with its token TRX) in the ecosystem.

TRON’s Justin Sun Target

In a very recent tweet, co-founder of TRON platform – Justin Sun made his team’s competitive nature very clear with declaring that the platform is on its way to fly past Ethereum. Ethereum (ETH) the second in lead by market capitalization.

Tron (TRX) announced its independence launching its MainNet from Ethereum at about the same time as EOS. Both cryptos promised to revolutionize various aspects of the industry, attracting the public with a promise to decentralize virtually anything.

3 Reasons Why Tron (Trx) Had A Better Mainnet Launch Than EOS

Following up, according to its roadmap not so long after the team launched their Tron Virtual Machine TVM. It works parallel with the EVM – Ethereum Virtual Machine as developers can set their work from Ethereum’s platform to TVM.

Tron is a blockchain that seeks to decentralize web content. Since its inception until some months ago when the mainnet was announced, the tokens known as Tronix were ERC20 smart contracts running on the Ethereum network.

In the tweet, Mr. Sun says that Tron (TRX) is “80 times faster than Ethereum” (ETH);

This is not the only time when the founder focused his platform’s marketing via pushing down Ethereum. On Jun 1st, 2018 – Mr. Sun continued his comparison:

Within this graph, it is important to note that although the TPS shown are much higher than the current figures, speed has always been one of Tron’s strengths when it comes to justifying its value over Ethereum.

TRON Latest

TronWallet application for the Android system has been announced by TRON Foundation via the twitter page. The app is already on Google Play, while for iOS it is coming later on.

Some of the features posted on the declaration Medium Blog Post:

  • No fees — Yes, that’s right, sending and receiving TRX is free.
  • Fully decentralized p2p wallet — no login, no signup
  • All TRON network operations supported (except ‘create token’)
  • Push notifications — get notified immediately once transactions are processed
  • Easy to use — a lot of detail went into making the user experience very simple (and fast!).

TRON & Pornhub – The rumor on Pornhub accepting Tron’s TRX has been circulating the crypto-community for quite some time now. Keeping in mind the 90 million visitors per day on the adult-site, any of the users can use TRX as payment.

Bitnovo – You can now buy TRX on or in over 20,000 stores in Spain and Italy. The key word here is twenty thousand stores. There lies tremendous possibilities for TRX with access to such a large distribution network.

Tron (TRX) Future Plans For The WWW – Complete Decentralization


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Ripple [XRP] to Transform the Economy How We know It

With the bears having their saying for first half of the year, crypto-investors are hoping the most out of the second part of 2018 and hopefully gain will be witnessed.

Ripple For the Change

Being part of the cryptocurrency community for a longer time, make you forget for the near term changes in prices while tending towards the longer-term ideas. That is why much curiosity is around the startup Ripple, its token XRP and the blockchain based financial solutions the team is offering that aim to shake the global-cross border transactions how we know them.

The crystal clear goal of the team behind Ripple is to change one industry for the better. Much like Amazon, in its time when it wanted to change trading much faster and user friendly with delivery option, that is what Ripple is attempting to do for the cross-border transactions.

Furthermore, Ripple is aiming to solve real-life problems, and they are inventive by offering a solution to real-life problems through its xRapid. Ripple’s xRapid will use its token, XRP, to achieve this feat.

Ripple – Founder

Brad Garlinghouse was recently interviewed by CNBC at the recent Money 20/20 event in Amsterdam. Ethereum World News had earlier mentioned the manner in which Ripple (XRP) would more or less defeat Bitcoin (BTC) in the future, as an offshoot opinion piece of Mr. Garlinghouse’s comments during the same interview.

Brad Garlinghouse was noted as saying that there is a list of major banks in line to use the xRapid platform by the end of this year; with dozens expected to be doing so by next year. He had this to say about xRapid:

By the end of this year, major banks will use xRapid as a liquidity tool. By the end of next year, I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity.

Ripple – Swift

The Society for Wordwide Interbank Financial Telecommunication or SWIFT is around and close the same for over 40 years. Created in Brussels, Belgium 1973. It has done its part of allowing cross-border transactions to happen, but with no change of development. That is why a new, best be, blockchain solution is needed to be implemented.

With Ripple introducing the xRapid solution to transfer the XRP token to source liquidity, various existing issues would be solved. The whole process could take only 3 sec per transaction.

In the long term objective, with the prices hitting rock-bottom right around now it could be best to step in. However, as usual trade safely and do not overtrade.


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Vitalik Buterin Delivering Blows Against Apple: Ethereum Founder

One of the brilliant minds behind the-second in lead Ethereum (ETH) blockchain network – Vitalik Buterin, has criticized heavily the tech giant Apple for its restrictive app-store policies. Mr. Buterin tweeted on the matter on the 27th June.

The move by the much respected Vitalik Buterin came after Apple’s choice on 11 June 2018 to alter the existing App Store Review Guidelines. With the act, crypto-apps all across platforms like IOS, macOS, watchOS, would be strongly. Below you can find the restrictions that will affect the crypto-ecosystem.

  • “Wallets: Apps may facilitate virtual currency storage, provided they are offered by developers enrolled as an organization.”
  • “Mining: Apps may not mine for cryptocurrencies unless the processing is performed off device (e.g. cloud-based mining).”
  • “Exchanges: Apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered by the exchange itself.”
  • “Initial Coin Offerings: Apps facilitating Initial Coin Offerings (“ICOs”), cryptocurrency futures trading, and other crypto-securities or quasi-securities trading must come from established banks, securities firms, futures commission merchants (“FCM”), or other approved financial institutions and must comply with all applicable law.”
  • “Cryptocurrency apps may not offer currency for completing tasks, such as downloading other apps, encouraging other users to download, posting to social networks, etc.”

What is the biggest concern probably for the new altered restrictions is the banning of crypto-mining apps. The first time when Apple went against similar applications was four months ago in March 2018 when it took down Calendar 2 from Mac App-Store. The reason was for mining digital currency in the backstage in exchange for premium services

According to Vitalik Buterin, Apple is delivering better quality regulation than most in various areas, which is not turning true for crypto-apps. Apple does not have a monopoly on mobile or desktop devices (less than around 15% worldwide market share for the iPhone, likewise for Apple’s desktop/laptop computers). Concluding with the freedom for it to implement any rules it feels are right for the user.


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Tron (TRX) Adds Virtual Machine TronVM v.0.1 Launch to the Schedule

Tron’s much anticipated end-of-month events are nearing with every second passing by. The mainnet launch is one of the most discussed topics around now in the crypto-community. According to Tron’s website – the countdown for its network launch is at 17 days 00 hours 55 min and 40 seconds.

In the same respectful and very communicative manner as always, Justin Sun continues to update TRX enthusiasts and crypto-lovers. This time with a letter he wrote commenting that the target is set for TRON to reach at least top 6 in a very near future. This did happen once before, but this time the coin could possibly cement its place for a longer period:

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

Now that we are in the top 10, each move up will signify a significant change in the cryptocurrency structure. TRON is the youngest of the ten, but we are the most professional, with a team that brings experience from mainstream Internet companies like Alibaba. Compared to most stagnant crypto companies, TRON is agile and embraces change.

The team behind one of the largest blockchain platform there is, wants to have all their texts and documentation to be translated in many languages.

Rolling out simultaneously with the launch of its independence from Ethereum’s network, a virtual machine release was announced. He notified that TronVM v.0.1 will be launched on the 25th of this month as he expressed how exciting this month and the entire journey to date has been for him and his entire team. This release will ensure all the dAPPs that were built initially on the Tron platform based on Ethereum can seamlessly migrate their projects.

On the other side, various exchanges showcased their bullish standing-point for TRON (TRX) with listings and tie-ups across the global-market, while others extended their support for the token migration and network upgrade.

For the time being, 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.

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Ripple Crowning its Co-Founder as the Richest

Chris Larsen – Executive Chairman at Ripple has seated the “Richest person in the world” throne based on the reports assessing his stake in the not-stopping growth of the cryptocurrency.

In a tweet Wednesday, BitFury founder and commentator George Kikvadze noted that Larsen’s 37% stake in Ripple, which has an ‘implied’ market value around $320 billion, makes him richer than Bill Gates and Warren Buffett.

“If centralised Ripple is worth $320 (billion) then decentralised Bitcoin is (definitely) going to be worth trillions,” he added, passing Larsen his congratulations.

The success and explosion in the past year of the altcoin directly is being reflected by the astonishing implication of Larsen’s personal wealth from the coins cap.

To take for an example, anyone that is longer around holding its shares in XRP since the end of 2016 [meaning just over one year] is welcoming a gain of 20k percent with XRP appreciating by a further third in the past 24 hours alone.

For the moment, it is trading above $3.50 which means that our dreamy forecast of $2.00 for 2018 has been long run over. Even an assumption like that in mid 2017, was more than imaginary seeing the coin having struggle to overcome the $0.2000 for quite some time.

The past is not necessarily a predictor of the future, but it would be quite amazing if XRP maintains its second position for long, just as it would be quite interesting if Bitcoin Cash does not re-gain its third position.

However, who is to say but time itself. What we can say though is that with effectively all the banks now seemingly testing XRP, just as they are testing ethereum and other blockchains, it would be interesting to see if XRP has much left to talk about.

Especially in a space that keeps moving very fast, with all the top ten digital currencies now standing above $10 billion and a number of new projects making an entrance.

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Ethereum Taking Visa’s Place: Vitalin Buterin on the Future of Crypto

Co-founder and so called “genius” behind Ethereum does believe very much that cryptocurrency is the true future of security and economics. According to Buterin – with the right incentives Ethereum network could be taking the place of Credit Card network or even Gaming Servers.

Vitalik Buterin on his reply about the type of people which are divided only in two kinds:

“There’s the average person who’s already heard of bitcoin and the average person who hasn’t.”

The idea that runs its project is the concept of adding more application of the network on the real world so concluding with something that people want to hear, know and understand it.

“Where Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized networks with memory for a whole bunch of applications,” he said. “A good blockchain application is something that needs decentralization and some kind of shared memory.”

In a nutshell that is his desire of built and what he wants others to try and form on the ETH network. When it comes to more known application that are more struck by the mainstream factor, the network itself is still a bit slow:

“Bitcoin is processing a bit less than 3 transactions per second,” he said. “Ethereum is doing five a second. Uber gives 12 rides a second. ethereum (+plasma et al) *will have Visa-scale tx capacity*”

There is a clarification that according to the founder everything should not be run on the blockchain while the block-technology expands it is possible to replace functions that have the condition of parallelization.

“You could run StarCraft on the blockchain. Those kinds of things are possible. High level of security and scalability allows all these various other things to be built on top. Ethereum is a secure base layer that doesn’t have too many features.”

“Crypto is all about incentives on various levels,” he said. “You cannot reason about the security of blockchain consensus protocols without incentives.”

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