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




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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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