Connect with us

News

Tron’s Justin Sun announces another plan for BitTorrent and Tron users following hard fork

Namrata Shukla

Published

on

Tron's Justin Sun announces another plan for BitTorrent and Tron users following hard forkTron's Justin Sun announces another plan for BitTorrent and Tron users following hard forkTron's Justin Sun announces another plan for BitTorrent and Tron users following hard fork
Source: Pixabay

Tron [TRX] launched its much-awaited hard fork on 28 February and the Tron community has largely embraced it. The Chief Executive Officer and the Founder of the Tron foundation, Justin Sun, announced,

“We will announce a plan to bring 1 billion #BitTorrent ecosystem users into #TRON and #BTT world with more partnership support! $TRX #TRX $BTT.”

The Tron community has been open to developments in the space and the coin was noting a bullish adoption projection, but Justinas Kairys, blockchain developer and cybersecurity consultant questioned the move declared by Sun, saying,

“I am sure there is a mistake in calculation here. We only have 7 billion ppl on the planet. As a comparison, YouTube or Facebook has 1.6 – 1.8bln users. Netflix 135mln.”

Kairys was not the only one doubting the number announced by the founder and CEO. Crypto Guy, an investor, asked Sun,



“7 billion people on the planet and 3 billion arent fortunate enough to have clean water or sanitation. Youre telling me that 1/7th of the entire world population will join the ecosystem. We are at 2.3 cents still! Doesnt look like any bittorent users joined with their 100M users!”

However, BitTorrent’s website mentions that the platform has over 100 million users. At the time of press, TRX and BTT were falling. TRX was valued at $0.02283 with a market cap of $1.52 billion, while noting a 24-hour fall of 3.86%. The coin registered a dip of 8.98% over the past week. TRX was highly traded on BitMart, registering a trading volume of $33.55 million via the TRX/USDT trading pair.

BTT on the other hand, was valued at $0.0007 with a 24-hour trading volume of $28.69 million. The token noted a fall of 4.53% over the past day while plunging by a massive 20.06% over the past week. The coin’s highest trading volume was noted to be $9.83 million, via the BTT/USDT trading pair on Binance.





Subscribe to AMBCrypto’s Newsletter


News

Binance sees ‘higher number of orders’ than peak Bitcoin frenzy of 2017; hints at iOS app for Binance

Avatar

Published

on

Binance exchange is seeing 'higher order number of orders' than peak Bitcoin frenzy of 2017; suggests iOS app for Binance
Source: Unsplash

Binance exchange, the world’s largest cryptocurrency exchange by trading volume, was reported to have problems with a couple of users since there was too much load on the exchange, especially with Web, PC, APP.

CZ tweeted:

He also added that there was much “Higher load” than 2017 when Bitcoin reached its all-time high since inception. Moreover, CZ also said that the APIs for the exchange were working fine and that the team was working on fixing the other issues.

In addition, CZ clarified his tweet about “higher load” as he tweeted:

However, at press time, Binance was the second largest exchange in the whole of crypto space, according to CoinMarketCap, with an adjusted 24-hour trading volume of $2.3 billion. Moreover, as per CMC, the 24-hour change in the trading volume for Binance decreased by 25.78%.

Moreover, Coingecko platform reported that Binance was the largest in terms of the trading volume; it had a normalized 24-hour trading volume of $1.36 billion and $2.38 billion adjusted trading volume.

Although the exchange was hacked a few weeks ago costing it 7000 BTC [now worth $55 million] the exchange, according to CZ, has been performing well enough.



A Twitter user @Khaleed_kareem0, commented:

“Sir, You need bigger servers for this heavy traffic like FB and google, also need to avail the app officially on the App store and update the IOS version All the support for U @binance”

CZ replied to him hinting that they were working with Apple to release an iOS version of the app.

“working with Apple on that one. crypto apps are tricky, it seems.”





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending