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Tron Price Keeps Dropping Despite BitTorrent File System Protocol Announcement
As of Thursday, Bitcoin price has been dropping, dragging other altcoins along into the red pit. Tron has recently been pushed to take position 12 on CoinMarketCap from spot 11 it had held previously.
Currently, TRX and BTT are sliding on charts, along with the rest of the market. However, BitTorrent has announced a major upgrade.
#BTFS is a continuing step in our mission to create a decentralized internet that allows everyone to share in the wealth of web commerce. Follow @BitTorrent Official website for more technical progress of BTFS: https://t.co/YGM4c0cQ4B #BTT $BTThttps://t.co/GE69Fw3CA3
— Justin Sun (@justinsuntron) May 31, 2019
BitTorrent develops a new decentralized protocol for storing data
On Friday, May 31, Tron spread the word about a new solution for decentralized system of storing data based on BitTorrent, dubbed BTFS. Thus Tron takes another step towards decentralizing the Web.
BTFS will enable users turn their computers into file storage centres cooperating with other users or companies.
According to the roadmap, a BTFS testnet was launched at some point in Q2 2019. The mainnet will be released in the third quarter this year.
Check out our plan of #BTFS roadmap! The BTFS roadmap holds many exciting new developments in the future. #BTFS will also be integrated with BitTorrent to bring the network and its benefits to over 100 million users. #BitTorrent #BTT $BTT pic.twitter.com/QTOZpA5oMf
— Justin Sun (@justinsuntron) May 31, 2019
BitTorrent’s ambition is to use its 100 mln user base along with more than 1,000 Tron nodes and other resources of Tron in order to turn itself into the biggest global network for distributed file storage.
BTFS is expected to be fully launched and implemented around April 2020. More details can be found here.
Yuri MolchanCurrent TRX, BTT market situation
At press time, TRX is trading at $0.0314, ranked 12 on CMC and showing a decrease of 10.64 percent.
As per BTT, is on spot 31, trading at $0.0014 with a 13.27-percent drop.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov