Tron (TRX) Is Cooking Several Updates And Improvements For Its Network - Tron News. Sunday, September 30
Tron (TRX) is cooking several updates and improvements for its network
This could set it for another breakout
Justin Sun, founder and CEO of Tron, has recently unveiled a series of details regarding the growth of the Tron network, as well as the upcoming developments for the blockchain platform. During a live-stream on YouTube, Sun commented on the quick adoption Tron has had since the launch of its Mainnet, comparing the creation of more unique addresses in 95 days than that of other blockchains – specifically Ethereum, whose initial roll-out happened in July 2015.
EOS was also compared to Tron in terms of stats. Sun stated that the latter has 20 % more accounts created than the former, and this comparison serves its purpose better since both blockchains launched around the same time.
He also revealed that 98% of all ERC20-based TRX tokens has been burned. This is because these tokens were only useful when Tron was still working on the Ethereum Network, but since it migrated to its mainnet, the tokens are no longer needed, thus were locked up, and the keys have been destroyed or thrown away.
Project Atlas, the main dish of the live stream
Several other highlights were made in regards of various Dapps, such as two games built on this blockchain, a betting Dapp, and a quick demo of Getty.io’s TronWalletMe.
But the main dish of the streaming were the announcements made in relation to Project Atlas – an integration of Tron Network with the popular P2P file sharing platform BitTorrent. First, Sun revealed that a new TRX20 token will be used for incentivizing users to share files and therefore increase overall download speed.
Furthermore, the update will be backward-compatible – this means users will not be forced to update to keep using BitTorrent –; the tokenization feature will be available for activation across all versions of the platform (desktop, mobile and third party torrent clients); and it will remain completely free.
Breakout in sight
These and other announcements made over the course of the last seven days could help Tron igniting a breakout that will push its market value in the upcoming weeks. At press time, the crypto asset is quoting at $0.02 per token, with a market cap of $1.44 billion, but based on the recent developments and the hype they have been generating, it is expected to see these values raise anytime soon.
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