Tron [TRX], the eleventh largest coin on CoinMarketCap, noted significant growth on May 26. The coin’s surging price caused a rise in BitTorrent’s [BTT] price as well. Apart from the coin’s performance in the market, the Tron Foundation released its Weekly Report to note the progress made in Tron’s ecosystem and the developments to look forward to.
The team noted that they have completed testing on the Protobuff check on architectural end, along with testing the JS solidity compiler. However, the team is still working on the design of the Practical Byzantine Fault Tolerance [PBFT] solution, along with testing the Sun Network.
The developers’ community informed of deploying the TLS-enabled support for Wallet and Ledger. The team is preparing for the launch of BitTorrent File System [BTFS] and noted that it authored 17 API references for API documentation and other features like AutoUpdate, Name change, Status-Server, are all on track.
As for BitTorrent, the BTFS is set to launch on May 30, and might provide the token a push into the top 30 and increase adoption. The coin that launched with an ICO of $7 million, noted a market cap of $340 million.
At press time, TRX was valued at $0.0323 with a market cap of $2.16 billion. The 24-hour trading volume of the token was noted to be $1.15 billion, as it surged by 10.31% over the past day. The coin spiked by 15.36% over the past week and continued to rise by 0.69% within the hour.
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