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.

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Current 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.