Main navigation

Tron Price Keeps Dropping Despite BitTorrent File System Protocol Announcement

News
Fri, 05/31/2019 - 12:36
article image
Yuri Molchan
⛈ & ?The market is a retracement, still BitTorrent and Tron keep working on upgrades; however, it does not help to keep the coins’ prices up? ? ?
Tron Price Keeps Dropping Despite BitTorrent File System Protocol Announcement
Cover image via unsplash.com
Read U.TODAY on
Google News
Contents

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.

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.

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.

Related
Craig Wright’s Legal Action Against Peter McCormack Might Cost Podcaster over £700,000

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.

Current TRX, BTT market situation
Source: CoinMarketCap.com

As per BTT, is on spot 31, trading at $0.0014 with a 13.27-percent drop.

As per BTT, is on spot 31
Source: CoinMarketCap.com
article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.