How Things are going for TRX HODLers Nowadays: Recent Developments and Their Impact

After the launch of TRON Mainnet along with the new Odyssey stage on 31^st May 2018, the principal focus has been on the Super Representative Election scheduled to be held by the end of this month. As the event is getting imminent, new participants in the form of cryptocurrency exchanges, cloud-based platforms, and several other organizations are emerging from every corner of the world in order to enlist themselves in this event and support TRON. The past few days have been no exception as well. Moreover, there are other technical upgrades and community events as usual that can impact this digital coin’s future.

Since its very day of introduction, TRON team has never failed in providing a comprehensive weekly report consisting of recent events. This transparency and the propensity to frequently communicate with the traders across the globe has been one of the main reasons behind TRON’s incredible popularity. There are more than eighteen hundred cryptocurrencies and ICOs available in the market that can become potential competitors in future. Hence, TRON’s development team continues to work on more upgrades incessantly in order to ameliorate its position in the market.

Here, you would find some of the major technical and community developments that occurred over the past few days and can change TRON’s position in the market.

Technical Upgrades:

• Upgrades in Structure: In the previous week, TRON’s development team realized the necessity of a transaction duplicate check system for the storage layer and implemented it successfully. Also, the testing and developments on the solidity node were supported by the team while successfully implementing the Hot-standby function. However, the work on enabling paginated query on token issuance and improving the deployment documents is still in progress.
• Upgrades in Consensus: The TRX development team was able to keep track of the voting time during the maintenance period last week. They also ran a few tests on the bandwidth occupancy attack. The work on ameliorating the relevant documents and supplement test is still on-going.
• Upgrades in Wallet: In case of the TRX wallet, the strength of verification password was increased considerably during last week in order to provide better security for the traders. Also, a CAPTCHA was added to the test-token requests on browsers. The development team is currently working on optimizing password logic, creating documents on various technicalities of exchange sync-up, and supporting the same.
• Other Upgrades: On June 20^th, TRON’s CEO Justin Sun announced launching Odyssey Version 2.0.3 on GitHub. With this upgrade in the current Odyssey stage, TRON is likely to offer more efficient service to the traders.

Community Updates:

TRON community has undergone some pivotal changes in the last few days including:

• Acquiring Support for Token Migration: TRON’s blockchain upgrade and token migration is scheduled to take place on June 21, 2018. During the past few days, several exchanges offered their support for this event. Binance, the largest cryptocurrency exchange was the first to announce their support on June 11. Koinex, the reputed Indian exchange also supported this TRON event very recently along with LBank. Besides these exchanges, world’s leading cryptocurrency wallet Cobo wallet also supported TRON’s token migration along with blockchain upgrade.
• Addition of New Language: Based on multiple suggestions from the TRX holders and community members, TRON launched Korean version of their official website. This incident is likely to make a positive impact on this currency by extending its purview in another technologically developed Asian country.
• The release of TRON Chrome Wallet: TRON chrome wallet is an ingenious multi-functional and stable wallet that can be applied in Chrome plugins and is designed specifically for the TRON wave. With this wallet, the users would be able to connect their digital accounts instantaneously.
• TRON Super Representative Election: TRON announced the name of a few major super representative candidates over the previous week. Some of them include Infinity Stones (a Silicon Valley-based company), Node Capital, ChainDD (China’s first financial data and blockchain information platform), Digital Assets Group or DAG, Sesame Seed (well-known blockchain platform), and Zaeda (IT consulting and ISP company).

Market Transaction Updates:

On 12^th June, TradeSatoshi Exchange announced launching several TRON trading pairs including TRX/BTC, TRX/ETH, TRX/BCH, TRX/LTC, TRX/DOGE, and TRX/ USDT. From June 26 onwards, TradeSatoshi would also support TRX trading, deposit, and withdrawal.

Current Condition of TRON:

As of 21^st June 2018, TRON holds the 10^th position on Coinmarketcap with a price equivalent to $0.048 approximately and a market capitalization of 3.1 billion USD. Although the price surge expected right after the Mainnet launch is yet to come, the trend has been steadily upward over the last few days. The current figures are showing an improvement of 1.33% over the previous ones.

Final Thoughts:

With all these new developments and the super representative election around the corner, things are looking quite propitious for the TRX holders at the moment. Once this event finally begins, the current price trend is likely to be even more upward with profitable opportunities for the traders.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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