Tron, the eleventh largest cryptocurrency on CoinMarketCap, has been struggling against a bear attack for the past few weeks. However, the recent price pump provided the coin with some marginal growth. TRX did not gain back its position in the top-10 list, but Justin Sun, CEO of Tron foundation, believes it will in June. Tron Foundation released its weekly report, informing the community about all the developments and updates in the Tron and BitTorrent [BTT] ecosystem, on May 13.
The Foundation has completed work on the architectural end by optimizing block broadcast optimization. It also completed work on the smart contract for ‘optimized solution for energy deduction on transaction failure.’ However, the team is yet to test the architectural and contractual update.
The developers have informed the community of changes in the database performance which were made to improve it. The team also created a Transport Layer Security [TLS]-enabled wallet/ledger, along with improving the reliability of ledger backend using NGINX gateway-based setup.
As for BitTorrent [BTT], the report revealed that the tech team was testing and gathering data analytics on the performance of uTorrent Classic Client integrated with BitTorrent speed. BTT has also not been performing at its best and stood 47th on CoinMarketCap. Sun claimed that BTT will be part of the top-30 coins by Q2. Over the past day, BTT registered a growth of 13.84%, and 21.14% over the past week. It continued to grow by 0.77% in an hour.
At press time, Tron was valued at $0.0250 with a market cap of $1.66 billion. The 24-hour trading volume of the coin was noted to be $822 million, as it registered 6.13% growth over the past week. Over the past 24 hours, TRX spiked by 3.10% and continued to stride up by 1.82%.
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