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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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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects



Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service



TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore



loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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