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Tron Designs Unique Distributed Storage Protocol to Enhance Diversified Data Storage

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The CEO and founder of Tron blockchain technology, Justin Sun, has just announced the unveiling of a development on its blockchain network to better the experience of users in the space.

The millennial tech savvy aired that the team behind the blockchain technology has designed a newly defined storage system known as distributed storage protocol.

The statement mentioned that the storage protocol consist of block storage and state storage. It also has a graph database for the enhancement of diversified data storage in the real world.

“The tech team of TRON designed a unique distributed storage protocol consisting of block storage and state storage. The notion of a graph database was introduced into the design of the storage layer to better meet the need for diversified data storage in the real world,” Sun said.

Today’s Gazette further learnt that the protocol which will be serving the network’s Dapp section and wallet was designed with five programing languages. This includes; C++, Python, Scala, Java and Go.

The latest development shows Tron’s commitment towards making the world a better place for users of blockchain network with decentralized technology.

Earlier, Tron introduced the SUNNetwork into its protocol to better its scalability and increase the usage of Dapps on its network.

However, it looks like Tron’s hard work is paying off for the blockchain network lately as founder Justin Sun declared that its network was ranked as the largest growing network in Q2 of 2019 in terms of new users.

Tron Sees Over 300,000 Users Increase in Q2

According to Dapp.com, more than 300,000 new users were registered on Tron-based DApps in the second quarter of the year.

The report cited that Tron-based blockchain dApp networks recorded the largest increase among other platforms in the quarter.

Also, Tron rose to be the number one blockchain network with active users within the same period after surpassing Ethereum.

However, even though EOS’s number of transactions was the highest with 189.79 million, Tron managed to secure a good position (second) with 89.8 million transactions.

source:todaysgazette

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Tron

Tron Price Takes a Marginal Dip Since Yesterday

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Tron price is suffering from the drop. The currency had quite a disappointing quarter. From July till now, TRX price has fallen by almost 50%. The drop has caused a substantial change in the market cap also. If we look at yesterday’s statistics, the coin touched a high at 0.016041 USD and a low at 0.015475 USD.

Tron to USD Price Comparison & Predictions

Tron started yesterday at $0.015899. The currency fell to $0.015719 by 1.13%. Further, TRX revived and touched $0.015922 by 1.27%. Later, the coin dropped to $0.015438 by 3.04%. The currency closed the day at $0.015601 with regression of 1.87%.

Today, Tron price escalated at the beginning of the day. The price changed from $0.015601 to $0.015787 by 1.19%. TRX coin is dealing at $0.015787 and is expected to keep the price at the same level for the rest of the day.

Tron Price
Tron Price Chart by TradingView

TRX coin had a fabulous first half of this year. The currency was among top forces in the crypto market and dealt in fabulous market cap. The 24-hour volume of Tron is $526,691,731. The circulating supply is noted as 66,682,072,191 TRX. It is anticipated that TRX would close the year, reaching up to $0.020. The currency would go best with short-term traders.

Source.cryptonewsz.

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Tron Has Recovered from The Early Bearish Trend; Listed Recently on DigiFinex Exchange

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Tron and DigiFinex exchange recently announced a tie-up. Soon, the exchange will launch a TRX trading market where users can trade in BTT/TRX and WIN/TRX pairs. Further, DigiFinex will launch a Tron blockchain index consisting of BitTorrent (BTT) and WINk (WIN). It will ultimately reflect the market performance of Tron blockchain. Additionally, the exchange also assured for other Tron-based project listings in the future.

Current Statistics of Tron:

  • On September 15, at UTC 06:04, Tron (TRX) was trading around 0.01570186 USD.
  • Against Bitcoin, the crypto was valued around 0.00000153 BTC per chip.
  • At present, the market rank of Tron (TRX) is 14th in the cryptocurrency chart.
  • Additionally, the market capitalization of the altcoin was around 1,051,151,514 USD.
  • At the same time, the 24-hour trading volume in the coin was 588,385,505 USD.
  • With a return on investment of 668.49%, a total of 66,682,072,191 TRX chips were circulating in the market at the time of writing.

TRX to USD Price Comparison:

Tron Price chart

On August 19, Tron was trading around 0.01829 USD. However, today after 25-days, the coin has declined by a margin of 14.15%. In the weekly chart, the coin has almost recovered to its earlier level of 0.0158 USD, where it was trading on September 09. The coin declined heavily in the first few days of the week but made a bounce-back afterward. In the intraday trading, on yesterday, the coin opened 0.015528 USD, and with a hike of 1.8%, it wrapped the day around 0.015808 USD.

Tron Price Prediction and Conclusion:

The declining trend in Tron has consolidated in the last couple of days. As per our analysis, Tron (TRX) might trade around 0.05 USD by the end of 2019. At present, the immediate resistance for the coin is at 0.01607 USD, and the support level is at 0.01538 USD.

The strategic partnership with of Tron with DigiFinex will be of mutual benefit for both of them. The listing of Tron on the exchange is also a piece of delightful news for the user community. Meanwhile, it is the time for buying and holding the coin for a better return in the future.

Source:cryptocurrencynews

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The Tron’s Network Now Harbors 577 DApps

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Tron network has just received another boost in its capacity with eight (8) new decentralized applications (DApps) coming onboard. Tron has undergone some golden days, but the recent circumstances are not quite promising with the virtual currency priced at $0.018199.

The decentralized blockchain platform receives another edge with 8 new decentralized applications making the total count of the applications 577 now. Tron aims to create a content-based digital entertainment system that works free of cost anywhere in the world. It relies upon a distributed framework for storage & enables quick and affordable sharing of the digitally acceptable content.

Started in September of 2017 under a non-profit firm based out of Singapore, the firm is now headed by Justin Sun with a dedicated development team for in-house operations that consists of good technology stalwarts.

Tron Foundation nurtures other plans to foster blockchain along with its implementation, to be carried out under a standard method that all industry players are employing.

The firm, Sun Network was reported to aid the leveraging of blockchain through enhanced scalability in supporting the under development DApps (decentralized apps) that can garner people in understanding Tron Foundation’s potential in the blockchain industry.

But Sun Network is not designated to be implemented under the primary net. Although, the execution of sub-chains can be done on the advanced grids that enable channeling profits for the main net while the process continues.

Justin Sun, CEO of the Tron Group, seems to be smiling at this feat right this very moment for his dream that has been manifested into a reality.

The launch of the apps has reported having boosted TRX’s volume by 30% when looked at the numbers from last week.  The twitter page of the company has recently been updated with the news:

Source.cryptonewsz.

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