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Tron [TRX] mainnet crosses 2.5 million accounts; beats Ethereum [ETH] with 8 million blocks since launch

Tron, the eleventh largest cryptocurrency on CoinMarketCap might have lost its position in the list of top 10 cryptocurrencies but is adding new feathers to its cap every day. Tron Foundation, led by its founder and CEO Justin Sun, has been performing exceedingly well when it comes to DApps. However, this time, the Tron mainnet marked a milestone as it reached 2.5 million accounts.

Misha Lederman, a prominent proponent of the Tron community, announced the development on his Twitter handle. Lederman said that there were 2,500,133 user accounts on Tron’s mainnet since its launch in June 2018. He tweeted,

The proponent also followed up with another tweet to inform the community that Tron had produced more blocks than Ethereum [ETH], its main competition. Lederman said that Tron had produced 8.3 million blocks since its launch in 2018, while Ethereum, despite having the advantage of starting early in 2015, had only 7.5 million blocks.

Tron has been moving forward with its DApps development and evolving ecosystem to prove itself. Recently, Travala.com, a renowned blockchain travel platform, announced that they will be accepting TRX token for booking hotels across the world. The number of hotels was above 500,000, which hinted at a massive adoption push for the TRX token. Travala said:“Use TRX to book 550,000+ hotels worldwide with an average saving of 15% on http://Travala.com Get further savings up to 10% off the already amazing prices with our SMART program.”

According to Today’s Gazette, Tron is the tenth cryptocurrency to be adopted by the platform after Bitcoin, Litecoin, Ethereum, and XRP, among others. At press time, Tron’s price was dipping and had fallen by 1.14% over the past day. Tron was valued at $0.0264, with a market cap of $1.76 billion.

Source.ambcrypto

Tron

Tron’s (TRX) Justin Sun Announces BitTorrent (BTT) File System Beta: What’s New

The BitTorrent File System is a decentralized data storage instrument from Tron Foundation. Justin Sun announced its Beta Mainnet release and unveiled its features.

Decentralized data storage is one of the most exciting blockchain use-cases so far. BTFS from BitTorrent, acquired by the Tron Foundation in 2018, pioneers many solutions in this sphere. Now, its Beta Mainnet is going live and they are inviting developers to enjoy it.

BTFS: the system and the token

According to an official announcement from the BitTorrent project, the new BTFS Mainnet v1.0.2 Beta upgraded its file sharing protocol to reach a new level of decentralization, scalability and user experience.

BTFS Beta Mainnet is live

Image via Twitter

With this update, the system is getting closer to being able to 

break the monopoly of all centralized forms of file uploading and downloading

The main feature of the new release is the integration of the BitTorrent Token (BTT) with the system. Now BTT is the native utility-token of the ecosystem and the core item of its tokenomics. As announced, an actor in BTFS can be either a Host or Renter by setting daemon to earn or spend BTT.Must ReadJustin Sun Teases New BitTorrent Acquisition Announcement – Will It Be Steem?

In Q1, 2020, the BitTorrent team plans to bootstrap the commercial value of BTFS by launching a series of dApps atop its construction.

In Q1, 2020, the BitTorrent team plans to bootstrap the commercial value of BTFS by launching a series of dApps atop its construction.

Is BTFS cheaper than EOS?

The developers behind the new release claim that the cost efficiency will be one of its ‘killing features’. They say it’s much more economic to store and share your data in BTFS than in EOS with its $150/MB pricing. 

Also, the new version of the protocol has an unmatched level of reliability due to its state-of-the-art encoding methods and file-repair technologies accompanied by decentralized file sharing. This approach leaves no opportunity for denial-of-service attacks or other attempts to corrupt the data stored.

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Justin Sun Announces Tron Virtual Machine Update 0.5.9 To Support ODYSSEY_3.6.6

  • Tron Odyssey is a mainnet which is a transition to its native Blockchain.
  • Tron Virtual machine is used to test and execute large-scale Decentralized Applications which are popularly known as Dapps.
  • Justin sun requested to use the latest v0.5.9 compiler to ensure included new features perform normally.

TRON ODYSSEY

Tron Odyssey is a mainnet which is a transition to its native Blockchain. The journey begins when the Tron foundation noticed the shortcoming of Ethereum’s role in its blockchain was acknowledged by Tron and in helping the company to achieve this feat it started fundraising and initial platform proliferation.

Later, they cited Ethereum’s shortcoming as the reason for their pursuit of an independent blockchain. Ethereum is known for its slow adoption of modern blockchain standards which Tron described as “an authoritarian system dominated by the foundation and develop team” initiated the move.

Tron has seen a significant undertaking in developing an independent blockchain capable of achieving the foundation’s goal. The effort to remove the undertaking Justin Sun made a community approach to develop an entirely new platform in just three months.

That resulted in less than a year, Tron’s development team expanded from less than 20 paid participants to more than 200 people globally. The effort put together in the development of the platform ultimately boosted over time.

The noteworthy accomplishment made in the platform by the community were

  • 2,153 commits
  • 547 merged forks
  • 15 software iterations
  • 102 new features
  • 384 unit tests
  • 461 Function tests

After making this much process in the platform, it officially launched on May 31st named Tron Odyssey 2.0

Tron Virtual Machine

Recently Justin Sun, founder of Tron Foundation announced the news of Tron Virtual machine update which will bring upgrade of

+ ODYSSEY-3.6.6 “which launched on January 13, 2020”

+ The No. 29 voting request (approval No.32)

Tron Virtual machine is used to test and execute large-scale Decentralized Applications which are popularly known as Dapps. It enables developers to create smart contracts that run on the TVM using modified known Programming languages that are familiar with and doesn’t have a need to do a course on learning this new language.

The features in TVM 0.5.9 includes

  • Add a new opcode ‘address.isContract’, which returns the type of the address.
  • Precompiled contract function ‘batchvalidatedesign’ for signature parallel verification/ Batch signature verification
  • Precompiled contract function ‘validatemultisign’ for multi-signature verification.

Justin sun requested to use the latest v0.5.9 compiler to ensure included new features perform normally.

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TRON Price Analysis: TRX/USD consolidates below 0.020

  • TRON is trading almost 5% lower in another poor session for cryptocurrencies.
  • The chart has now moved into a downward structure and looks to be heading toward a support level.

TRX/USD 4-Hour Chart

TRON seems to be forming a classic downtrend at the moment. 

On the higher timeframes it could look like a deep retracement. 

On the 4-Hour chart below, the price has recently printed just below the previous wave low.

Now the next support could be 0.01818 and resistance is at the 0.020 level.

TRON Analysis

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