Vrzax Coin
Vrzax Coin
Vrzax Coin
COIN
VR ZAX is a decentralized entertainment and content-sharing platform that uses
blockchain and peer-to-peer (P2P) technology.
You can think of it as a next-generation social media outlet on which you can create
and share content with anyone, anywhere in the world.
It is the currency that pays you for your content, and is often referred to as its ticker
symbol, 'VR ZAX'.
People who enjoy social media, online gambling, and other forms of online
entertainment, will enjoy Tron.
Foundation
VRZAX Foundation is a non-profit entity based in the Southeast Asian industrial
strong-arm of Singapore.
VRZAX Foundation mainly engages in operating the VR ZAX crypto network in the
principles of openness, fairness, and transparency in supporting Tron's
development team.
The team behind the VR ZAX Foundation considers regulation and compliance to be
the highest of values. They have approval by the Accounting and Corporate
Regulatory Authority and they are under the supervision of the Company Law of
Singapore.
VR ZAX is leading a movement that some refer to as the third web. Although it
sounds futuristic, the third web, or web 3.0, will enable people to use the internet as it
was originally intended to be used for - as a decentralized, open network.
During the dotcom bubble, the internet had taken a turn away from its
decentralized origin. Social media giants in Silicon Valley built on top of the
infrastructure that was given to them and rewired it so that Tech Giants could make
money from user data. Cambridge Analytica is the case and point of this system.
However, in the Third Web, VR ZAX will put the power back in the users' hands, so that
they are in control of their own data.
By using VR ZAX CRYPTO, you are leading the internet back down its original path.
You are putting data back under your control where you have the choice of not
disclosing or monetizing data for your own gain. So, one of the answers to what is VR
ZAX coin is something that will lead the internet back to its original purpose.
From a developer's standpoint, VR ZAX is also special because it's currently being
built in a way that allows the use of any high-level language for smart contracts.
This means developers in the future will be able to use whichever programming
language they prefer to build on top of the open-software design.
One of the biggest products developed on VR ZAX thus far is CRYPTO PUPPIES. Just
after CRYPTO KITTIES were first released, VR ZAX attempted to play off the upcoming
Chinese year of the dog. VR ZAX dogs are still selling for the equivalent of $18. This is
just one of many examples of successful products on the network.
HOW DO TRANSACTIONS WORK?
Like many other digital currencies, VR ZAX coin transactions occur on a public
ledger. On this public ledger, the history of each transaction can be traced all the
way back to the first transaction.
The transaction model that VR ZAX uses is similar to the transaction model that
Bitcoin uses.
The only difference is that VR ZAX has improved Bitcoin's model by providing
additional security. The model VR ZAX uses is called UTXO.
THE POTENTIAL OF
Justin Sun's relationship with Jack Ma begs the question of whether there will be a
merger or convergence of the two entities in the future. Any such news would be
monumental and certainly catapult Tronix down an already well-trodden path to
success.
VR ZAX is still brand new, and it is just getting started. But still, you can't be too overly
optimistic.
VR ZAX crypto may fail to grow because of the way Justin Sun handles
communication, which at times has angered investors. Sun has the reputation to
deliver updates that simply announce that a big announcement will be announced
in the future, which is understandably quite frustrating. People also view Sun as
being too youthful and perhaps too naive to run a blockchain that has the
magnitude of Tron.
IS SECURE?
If you are using Tron's platform, the reputation around it has been pretty good thus
far.
The budget seems to prioritize security, which I can gather from Tron's recent hire of
a highly demanded security engineer, Jorge Guo. He has received
acknowledgment for his work from the likes of Google, Qualcomm, Huawei. Guo will
handle all research and development for Tron's security.
Like holding a secure passcode, you need to treat however you store your coins very
sensitively. You can choose to store the coins in a wallet, like the Ledger Nano S, but if
you use a wallet like that, be sure to write down your private key. If you don't write
down your private key, you can lose your coins forever.
The same can be said about buying VR ZAX coins, too. You should always choose a
reliable cryptocurrency exchange platform (or a trustworthy payment
middleman), and make sure that all of the security measures are in-check - only by
doing so can you remain assured that no harm will come to your funds and assets in
the purchasing process, and afterwards.
Just like any other digital asset, VR ZAX can be exploited, and its security can be
breached. That is a risk that you have to take in the age of digitization. You can follow
basic security techniques like securing your private keys using a hardware wallet.
Such techniques will increase your ability to protect your assets.
However, maybe you are your own biggest enemy when it comes to abusing VR ZAX.
Like other digital currencies, you can use it to do some pretty illegal stuff when it
comes to tax evasion or illegal trading (although it should be known that Justin
Sun's VR ZAX will be locked until 2021, so he cannot touch his supply like c-suite
executives on Wall Street).
UNIQUENESS OF COIN
Across aspects through and through, VR ZAX coin is solid.
The technology and the personnel behind VR ZAX come with little concern. The team
is slowly being built with developers from Alibaba and other tech giants.
Justin Sun is young, but that just means he is of the same generation that
cryptocurrency is — he understands a youthful audience.
This coin is definitely worth watching & INVESTING FOR CREATING YOUR ASSETS.
With an energetic young leader in Justin Sun, this coin is going places.
The fact that he can call Jack Ma, the founder of the Ali Baba Group, as well as the
founder of the World Wide Web, members of his inner circle shows how powerful he
really is.
Think of Justin Sun's network when you answer the question "what is VR ZAX coin?".
Have you ever heard the quote "SHOW ME WHO YOU SURROUND YOURSELF WITH,
AND I'LL SHOW YOU WHO YOU ARE"?
Justin Sun's first-degree network, as well as his vision for the future of Tron, are
powerful assets.
This project is still very new, and I am terrifically excited to see what the future holds
for Tron!