- Justin Sun announces the introduction modern decentralized storage system.
- BitTorrent File System (BTFS) to go live.
- Tron closes on Ethereum with less than 20 MM, after overtaking Bitcoin.
Founder Justin Sun has declared that June 1, 2019 will be a meritorious day for its two projects in the blockchain space, Tron TRX and BitTorrent BTT. No doubt the addition of the world’s largest file sharing protocol, BitTorrent, came in handy for Tron.
The successful lightning-like sale of BitTorent token on Binance launch pad was sure a miraculous incident, and this was succeeded by a number of intriguing news which includes; the addition of 1 billion BitTorrent users to Tron and the amazing display from BitTorrent live demo launch, among others.
With a number of incredible displays, Justin Sun and his projects are known for their formidable strength and potency in the blockchain space.
While the disclosure of June 1 mystery update from the millennial CEO, Justin Sun, remains a yearning wish for the cryptocurrency community. The Chinese icon, amidst the relentless market bull run, dropped another marvelous news that gave lovers of his projects euphoric feelings.
Via his twitter handle, Sun declared the entry of a modern decentralized storage system.
“Welcome to the next generation of decentralized storage systems,” Sun said.
The combination of Tron and BitTorrent has been recognized as the creation of decentralized giant network, there is high certainty the network will increase the adoption of cryptocurrency considering the number of users that frequent the platform daily.
Also Read: Justin Sun or CZ Binance Might Consider Negotiating Cryptopia Exchange Buyout As Tragedy Worsens
As an addition, Sun declared that the first scalable file decentralized system, BitTorrent File System (BTFS), will be live in the next 3 days (May 30), and this will make BitTorrent the largest decentralized P2P storage network.
BitTorrent, according to the update, will possess about 100 million user nodes, while Tron has over 1000 full nodes. At the moment, Tron blockchain network enjoys 27 SR nodes and potent global TronGrid nodes.
“BTFS will be the largest decentralized P2P storage network with close to 100 million BitTorrent user nodes, over 1000 TRON full nodes, 27 SR nodes, and global TronGrid nodes. 3 days left! Are you excited?” Justin Sun added.
After surpassing Bitcoin, Tron (TRX) Closes in on Ethereum (ETH) with Less Than 20 million
On May 10, it was reckoned that Tron (TRX) surpassed Bitcoin’s all-time transactions (10 years transactions) by recording 1 million transactions ahead of the later. Tron, as at the time of the report, has executed 412+ million since its creation (319 days) while Bitcoin has only performed 411 million transactions in ten years.
After managing to outstrip the king of cryptos, Tron forged ahead, targeting a number of top cryptos that seem like its competitor.
As at May 24, it was reported that Tron (TRX) clinched 454 million transactions, making the blockchain network move closer to Ethereum with less than 20 million transactions away from the latter’s total transactions.
2 weeks ago #TRON passed #BTC's total transactions of 410 million
TRON is now less than 20 M txs from surpassing #Ethereum's total txs:#ETH: 454 M txs since 2015#TRX: 437 M txs since 2018
TRON is proving itself capable of handling massive amount of txs w/o snags or congestion pic.twitter.com/V6tAeWtfXF
— Misha Lederman (@mishalederman) May 24, 2019
As Tron (TRX) blockchain network continues to prove its efficiency, enthusiasts have claimed that it is crystal clear that Tron is better than Ethereum.
