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Is BitTorrent The Key To Decentralizing The Web As Envisioned By Justin Sun Through Tron (TRX)?

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A few days ago, the Crypto-verse was given confirmation that Justin Sun and the Tron (TRX) Foundation had legally acquired popular peer-to-peer sharing platform known as BitTorrent. The deal seemed to have been sealed last week as the company’s employees were notified by their top management about the acquisition. Major stakeholders of the firm were also notified by the agent handling the transfer.

But why acquire BitTorrent?

The main aim of the Tron project is to decentralize the web. The latest version of the technical whitepaper divides the architecture of the Tron network into three layers. The first is the social media platform which is also the application layer. The next one is the blockchain platform which has the contract layer and consensus layer. The third and the subject of our discussion is the P2P (Peer-to-Peer) Network layer.

This Peer-to-peer layer has a network layer with a P2P storage network and a data layer for the storage of data.

Why is this Tron Peer-to-peer network layer relevant to BitTorrent?

BitTorrent uses a file sharing mechanism that increases download speeds by sharing files in chunks or pieces. These pieces are gathered simultaneously from sources held by individuals who allow the BitTorrent network to share their files thereby facilitating a P2P network. No need of sourcing from one file location and downloading it as a whole.

BitTorrent does not use the traditional FTP (File Transfer Protocol) found in regular website download links where you get the files from a centralized server. It uses the aforementioned P2P network to query for active or connected sources of the file. This includes sourcing it directly from individual hard drives. Retrieving the file from several sources and in pieces guarantees that the file sharing is continual even if one or more ‘peers’ disconnects from the network.

Connecting the dots.

With the acquisition of BitTorrent, Justin Sun and the Tron Foundation have a ready-made P2P network to integrate into their project. BitTorrent has been time tested and has worked for years. Also to note is that BitTorrent was referenced approximately 8 times on the Tron Whitepaper. This means that Justin had his eyes set on the platform from the get-go. It was the missing link that would further the decentralization of the web by the Tron Project.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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