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Tron [TRX]: BitTorrent is the Jerusalem for the decentralized Internet spirit

Shahrain KM

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Tron [TRX]: BitTorrent is the Jerusalem for the decentralized Internet spirit
Source: Pixabay

Recently, Justin Sun, the CEO and Founder of the Tron Foundation, posted a blog on Twitter regarding the recent dApp developer meet up.

The keynote speakers of the meetup were Li Xiadong, Head of Tron dApp, Minako Kojima, the CEO of Xiannvzuo Technology Company, Wu Xiao, a Computer Science graduate from the University of Alberta, and Chen Hao, Head of China of BitGuild.

During the meetup, the Head of Tron DApp, Li Xiadong spoke about the recent projects and accomplishments of Tron Foundation. While speaking about BitTorrent, the biggest decentralized open-source ecosystem, the Foundation stated on their blog:

“BitTorrent is the Jerusalem, the sacred place for the dencentralized Internet Spirit. It is seen as the birthplace for decentralized technologies by global developers, entreprenuers, and decentralized Internet community; it is also a pioneer of Internet protocols that seek to be open, transparent, and decentralized.”

The Foundation confirmed acquired BitTorrent in the month of July 2018 and it was reportedly acquired for over $140 million. This is considered to be one of the biggest acquisitions in the cryptocurrency space. BitTorrent is currently a part of the Foundation’s Project Atas. The project is set to make the Torrent platform faster along with increasing the lifespan of the swarms.

The Foundation has further stated that they will be helping developers to build better products and pave path for more traffic. The Foundation also aims to enable the developers to earn more money in the future. In the meantime, the Foundation’s ‘All In Decentralization’ will be executed.



During the meetup, the Head of the Tron dApp ecosystem claimed that Tron will work towards supporting developers worldwide. They are planning on achieving this with by using their tools including Tron Virtual Machine [TVM], Tron Box, Tron Studio, Tron Web and Tron Infura. He continued to say:

“Additionally, Tron will support developers with mechanisms such as continuous strategic patience, equity investment, ecosystem inclubation, product diversion, 1-1 special cooperation, currency investment, and competition incentives, etc.”

Moreover, Tron [TRX] has seen a significant growth in terms of price in the cryptocurrency market. According to CoinMarketCap, the coin has surged by more than 12% in the past 24 hours. At press time, the coin was trading at $0.022 with a market cap of $1.49 billion.





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Shahrain KM is a writer at AMB Crypto. Her curiosity in Blockchain technology and Cryptocurrencies has led her to be a part of the news reporting team of AMB Crypto. She does not hold value in any cryptocurrencies currently.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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