New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

The Explosive Implications of Tron’s Move to WebAssembly

  • Ake Gaviar
    🤷 Opinions

    Tron’s move to WebAssembly means explosive growth in dapp adoption both for developers and users

The Explosive Implications of Tron’s Move to WebAssembly
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Tron’s planned move to WebAssembly as the base for the Tron Virtual Machine is the perfect setup for mass adoption

What is WebAssembly

WebAssembly is the new standard for web applications, and it’s been generating hype among developers in the past couple of years. Why? Because it’s fast.

If you check the list of programming languages that compile to WebAssembly, you can see that there are already many of those.

Oh, and the big players like Google, Mozilla, Apple, and Microsoft support WebAssembly.

Today, when you run a web application — for example, play a game online in your browser — you are more than likely running it on a JavaScript engine, and it’s a web application coded with JavaScript. JavaScript is one of — if not the most — popular languages today.

There’s going to be a point in time when the majority of web applications will be running on WebAssembly. At least, it’s heading there by the looks of it.

On blockchain

Blockchain projects that are not solely for cryptocurrency, but are instead decentralized infrastructures — like Ethereum, EOS, Tron, U°OS and so on — have this thing called a virtual machine.

The virtual machine is one of the core components that power the decentralized blockchain networks; it’s what processes and executes smart contracts and dapps.

Now here’s the thing — when you create a dapp for Ethereum, as a developer, you need to write your code in Solidity and compile to something that the Ethereum Virtual Machine can process and execute.

With WebAssembly, you can write your code in any of the supported languages — and, again, there’s major support already and the list is growing — and compile it to WebAssembly.

There are projects that have virtual machines running on WebAssembly — EOS and U°OS, for example.

Tron is moving there and the relatively recent developer acceleration program proves that it’s dead set on bringing a lot of dapps to the network. Now, imagine what happens when Tron’s Virtual Machine switches to WebAssembly and will overnight get exposed to millions of developers.

And if you need more proof of the WebAssembly adoption, there’s an initiative in Ethereum to switch the Ethereum Virtual Machine to WebAssembly too. It’s called eWASM.

WebAssembly on blockchain is mass adoption

Developers can code in any language they are comfortable with and compile to WebAssembly, which is picked up by the browser’s virtual machine or a blockchain’s virtual machine.

Users can interact with the web app or with a dapp without an obstacle.

This is what mass adoption looks like.

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Ripple’s Market Cap Further Slips Behind Ethereum as XRP Price Prediction Stalls

  • Jack Thomas
    🤷 Opinions

    📊👀Ripple’s Market cap, through its XRP token, was ahead of Ethereum at a few stages, but its price prediction has slowed and come under pressure from resistance below the $0.33 mark, and in doing so, Ethereum has pushed higher into second place

Ripple’s Market Cap Further Slips Behind Ethereum as XRP Price Prediction Stalls
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Ripple, and its native token XRP, have been stuck in a bit of a price vacuum over the past few weeks and months as many other coins have managed to break such marks. Sitting between $0.30 and $0.33, XRP has actually started to even lose ground on Ethereum in terms of market cap.

The third-ranked coin by market cap has in the past managed to over take the smart contracted-based blockchain as it surged in interest and growth in the recent past, but now it has fallen back by nearly $2 billion.

In terms of price prediction, XRP has a lot of hope and positivity surrounding Ripple’s efforts to make it a staple of banks going into the digital age, but it has stalled in its own growth recently, which is surprising seeing as other altcoins have doubled in 2019 alone.

XRP’s sticky situation

There was a small drop in the market last week which was halted when Bitcoin managed to keep above $4,000, but XRP also tested an important resistance. After testing the $0.3000 support, XRP’s price started a short term rebound against the dollar.

The price traded above the $0.3050 and $0.3080 resistance levels. The price even traded above the $0.3100 level, but it faced a strong resistance near the $0.3120 level. Besides, the price even failed to test the $0.3120 level and the 100 hourly simple moving average. A high was formed at $0.3113, and later the price started a downside move.

XRP is especially low currently, testing its floor rather than the ceiling, which has been seen closer to the $0.33 mark, but what is not helping the coin get past any of these resistance marks is its drop in market cap.

Ethereum taking the initiative

It is difficult to tell if Ethereum is making ground on XRP’s market cap based on its own growth – which has not been astronomical in terms percentage gains in the last few weeks – or if it has to do with XRP losing its own worth and value in the eyes of the market.

Ethereum is facing some major changes in the near future, and it could be that early investors are starting to look for a cheap deal as they prepare for the Casper upgrade and the change to Proof of Stake. Ethereum is bound to make big ground when that happens.

Ripple may not admit it, but having XRP as the second ranked coin above Ethereum would be a big deal for them as it adds a lot of legitimacy in the general market and helps in boosting their own worth and value as a company looking for more partnerships.

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