The cryptocurrency market’s frequent ups and downs have been quite apparent with popular coins like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] all seeing multiple drops in a span of a few hours. The Justin Sun led Tron has witnessed contrasting fortunes as the cryptocurrency started the week as the biggest winner following which it succumbed to the bear’s prowess.
On a positive note, Tron received a boost recently when WazirX, a popular Indian cryptocurrency exchange announced that they would be supporting the proposed BitTorrent airdrop. The cryptocurrency exchange tweeted:
“We’ve got some big news for you, tribe! You must have read about the upcoming BitTorrent (BTT) token sale, and that Tron holders will receive BTT tokens in an airdrop. If and when it happens, we will support the #airdrop, and credit the same to $TRX holders on WazirX.”
The BitTorrent Token launch was much celebrated by the Tron CEO, calling it the first step in creating a fully functional decentralized ecosystem. He added:
“So this is just the first step. I think in the future BTT will definitely have like a more user case and become even I think the one of the largest decentralized user case in the world.”
Another advantage mentioned by Sun was the fact that while other ecosystems have a small userbase, the BitTorrent protocol has over “hundred million” users every month.
Tron’s presence in the cryptocurrency space has been increasing after the start of the new year with multiple announcements coming out of the company’s stables. Justin Sun, one of the main proponents credited with Tron’s rampant march had made news recently when he welcomed Ethereum co-founder Vitalik Buterin into the Proof-of-stake family. This move came as a follow up to Sun’s earlier call-up to Charlie Lee, the founder of Litecoin. The initial tweet read:
“Congrats on following my path @SatoshiLite! Do you want to go further and convince Litecoin to move to proof of stake?”
The follow-up tweet to Vitalik Buterin stated:
“Welcome to proof of stake family!#TRON and I will wait for you here! @VitalikButerin”
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