The 10th largest virtual currency by market cap, Tron [TRX] noted noteworthy expansion over the past week. Nonetheless, it fell as the market started to fall down.
It is to be noted that the price of the coin and its acquired project, BitTorrent [BTT], was anticipated to ascend with the declaration of BitTorrent File System [BTFS] protocol. Conversely, the infamous tokens fell prey to the declining market trend. Misha Lederman, Tron’s noted proponent informed the community about Tron’s node count reaching its 6 month high, in order to motivate the Tron enthusiasts and its community members. Lederman mentions on Twitter that Tron node count reaches highest number in six months as it surpasses one thousand four hundred and fifty two online nodes.
Furthermore, the proponent informed the crypto community that Tron’s nodes were available on every continent. He also mentions that the most number of nodes were in the USA, Germany, and China. The Tron Foundation intended at incorporating BitTorrent’s BTFS to accomplish decentralized storage.
Tron’s BitTorrent and BTFS
BitTorrent, which is a p2p file sharing platform, would integrate Tron’s BTFS, which is a competitor to IPFS. This move is aimed at enabling its users to host and share storage on their personal computers. Despite the fact that mainnet release for the protocol would be released in Quarter three of 2019, Tron Foundation would use it to power its native DApps. Furthermore, Tron celebrated its mainnet launch anniversary on May 31. At the time Justin Sun, Tron’s CEO stated that looking back on the journey, it was not easy for Tron (TRX) to achieve so much in only one year. He added that they look forward to building a stronger Tron (TRX) ecosystem and making more differences in the blockchain industry.
At the time of reporting, Tron is exchanging hands at $0.033 with a market cap of $2.23 billion, as per coinmarketcap. The twenty four hour trading volume of the coin is $1.47 billion and fell by 12.11 percent over the day. Over the past seven days, the coin fell by 1.64 percent. Moreover, it is down by 2.12 percent in the hourly chart.
Image Source: Twitter