The number of Tron mainnet accounts has surpassed 900,000, a significant milestone. Its network continued to grow even in the bear market and it has now processed more than 100 million transactions. The introduction of new projects are responsible for this success of Tron in the volatile market.
BitTorrent with vast distributed technology is making its own cryptocurrency. Owned by the Singapore-based BitTorrent Foundation, the new BitTorrent Token (BTT) will keep running on the Tron protocol, created by Tron, which acquired BitTorrent in June of a year ago. The document sharing programming organization is believed to have 100 million clients.
Justin Sun, the founder of Tron and CEO of BitTorrent, said in an official statement:
“In one giant leap, we can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.”
The arrangement to issue a token pursues the followed by Project Atlas, which BitTorrent uncovered toward the finish of August. Task Atlas is another emphasis of the P2P programming. It furnishes clients with an approach to spend and procure crypto while sharing records. Under the current framework, clients need to put a document on the framework so as to download something. As Sun clarifies in a YouTube video, the client has no force to keep a record on the network once they have completed the process of downloading.
BTT will be a TRC-10 token (tantamount to the ERC-20 tokens that keep running over ethereum). As per the token’s white paper, an all-out supply of 990 billion BTT will be printed. More insights concerning Tron and Project Atlas will be uncovered at a summit Tron is facilitating in the not so distant future in San Francisco.
TRX is currently trading at $1,593,319,082USD at price $0.023905 with a circulating supply of 66,653,472,407. At a weekly scale it has been trading at the rate of -2.65% in red, according to Coinmarketcap. The following diagram is from TradingView. The Stochastic RSI of the past hour indicates that the stocks are gradually rising after some hours of overselling of the stocks. The next few hours are going to witness a steady rise in the value of TRX. According to the MSCD line, the stocks will rise in the next few hours and the market condition are going to remain good for some days.
TRON is expected to continue developing its projects, with a special focus on project Atlas, throughout 2019. Tron is getting more and more dApps, and experts believe that the real production of decentralized applications will start this year. As a result, the coin will get much more attention, and will likely experience a significant rise in price.
Whether or not it will lead a bull run, or just participate in one, remains to be seen. However, many are optimistic regarding TRON’s future, its projects, and especially its token.