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Latest Tron report reveals facts on the use of BitTorrent by the company

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Tron TRX
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As it is usual, the CEO of TRON, Justin Sun, made use of his Twitter account recently to share with the TRON’s community and the whole cryptography world, the latest updates in the company regarding developments, partnerships, and others.

Let’s recall this is, in fact, one of the features that have characterized TRON the most, the communication that the company holds with its community. Tron knows very well when, and how to make announcements to create a Hype (and value), and that is exactly what it has been proving during its whole existence, with continuous reports and announcements that have left us all wanting for more.

Concerning this, the latest announcement was published on September 10th on the Twitter account of Justin Sun, and amongst other topics, the report explains how the company will work with BitTorrent, Atlas, and many other technical aspects of the ledger. Let’s see all of the details of the report.

Tron’s (TRX) Weekly Report

In the report published on Twitter, Sun shares with the community all of the improvements, upgrades, and developments that TRON has had during the last months, and in order to make it clear, the developments are classified in 4 variables; technical developments, community activities, staff and allies, and transaction in the market.

In this sense, the report indicates the work deployed during last week in which the Tron Foundation improved its structure, and also, the enhancing of the Virtual Machine concerning its storage capacity. Besides, the documents of the Tron Mechanism were modified, this with the intention of building an order to feature the broadcasting of the blockchain.

As a matter of fact, TRON has been working tirelessly over the last days. The platform recently obtained an add-on because of the improvement of the test cases, and it also guaranteed a safer and easier network to deal with by adding a UPnP design to the system. Finally, multiple signature schemes were added to their wallet.

Tron Partnerships

Regarding partnerships, the company worked hard as well. For starters, we can mention the strategic alliance recently celebrated between TRON and the business website C&P, a connection that will facilitate TRON holders from all of the corners in the world, to buy merchandises by only using the TRX through the WeChat store.

Furthermore, the crypto exchange based in Singapore KuCoin announced that it would assist tron in the exchange of TRX token backed by the ERC-20 protocols. Additionally, the company managed to appear listed in 4 crucial exchanges such as Changehero, Abra, CoinExMarket and Exrates.

BitTorrent

The Chinese version of UTorrent web has been launched on September 3rd, a project in which TRON expects to receive an online storage business unit.

Let’s recall Justin Sun announced the project Atlas not so long ago, the selected plan to merge both the cryptocurrency TRX and the recent acquisition of BitTorrent. The primary goal of the project is to reward peer users who seed torrents, a mission that may see a 100 million users database to exchange value in a way never experienced before.

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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.

Photo by Elijah O’Donell on Unsplash

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Bitcoin about to drop to 4k, how will the market recover?

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It’s no secret that the cryptocurrency market (including Bitcoin) has been under a bearish run since last December 17th and it’s been going down steadily over the previous eleven months. But nobody was ready for the way in which the bears hit the market this November 14th.

It was just insane. The market capitalization for crypto went to its lowest point in a very short time. Bitcoin, which is crypto’s canary in a coal mine (so to speak) dropped below the 5k mark. It’s trading at $4,443 as we write this article and is expected to hit the 4k mark if things keep going in the same direction.

Can the trend change? Is there any good news to report? Any reason to be hopeful? The answers are: yes, yes, and yes.

The trend can and will change. We know this because drops as dramatic as the current one have already happened four times over the last ten years. Every time the market has bounced back to reach previously unexpected (allegedly impossible) heights.

About good news to report. There’s plenty. Blockchain projects like Ripple, Cardano, Stellar Lumens, Tron, and some others have reached impressive milestones this year. They are gaining adoption, becoming useful in the real world and securing strategic partnerships.

Also, even in the bearish climate, the crypto infrastructure has kept snowballing so you’ll be hard pressed to find any place in the world in which you…

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Kobe Bryant to Attend niTROn Summit 2019 Hosted by TRON as A Special Guest

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Event Hosted by Tron, niTROn Summit 2019, will take place at Yerba Buena Center for the Arts in San Francisco, USA, on January 17 – 18, 2019.

One of the foremost blockchain protocols in the industry that is committed to a vision of a truly decentralized internet; a platform that offers high-scalability, high-availability, and high-through-put, serving as the foundation for all decentralized applications in the TRON eco-system. The TRON protocol uses an innovative interface for smart contracts to improve compatibility with the Ethereum smart contract environment.

niTROn SUMMIT provides attendees with a platform for communication on a wide range of projects and allows practitioners, as well as KOLs from other industries to congregate and share blockchain solutions and innovations that will lead to groundbreaking technological advancements.

The summit will showcase TRON’s projects with follow up insights from the members of the community. Kobe Bryant, former NBA superstar, will attend the summit as a special guest.

After having achieved greatest as a sports superstar, Kobe boasts several entrepreneurial successes in the business world. His career as a basketball player was marked by 1-time regular season MVP, 2-time Finals MVP, 5-time champion, 2-time scoring champion,  4-time All-Star Game MVP, 18-time All-Star, 1-time Slam Dunk Contest champion, 11-time All-NBA First Team selection, 2-time All-NBA Second Team selection, 2-time All-NBA Third Team selection, 9-time All-Defensive First Team selection, 3-time All-Defensive Second Team selection, 17-time Player of the Month, 32-time Player of the…

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Stellar Lumens and XLM: All you need to know

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Stellar Lumens is a blockchain project that includes the XLM token. It’s meant to connect banks, payments, and people. How? By making money transfers around the world quicker, safer, more efficient, available to people that are usually outside the banking system at a cost so low that it’s almost free.

Millions of people are using Stellar already. It’s considered to be the closest project to Ripple (hence, its main competitor). But Stellar has found more use cases than Ripple so far and a strategic alliance with IBM. Those two things will end up determining Stellar’s success in the long run.

Stellar’s leadership, staff, and the team have raised a few doubts in the past. This project was founded by Jed McCaleb who also founded Ripple and eDonkey. The network’s governance and centralization could improve regarding transparency as well.

That being said, Stellar’s adoption and development have grown exponentially in a short time. It’s become one of the leaders regarding blockchain structure. And it’s been in the crypto verse’s spotlight for several reasons.

With all those successes, Stellar Lumens could do a better job when it comes to decentralized apps. In third-generation blockchain projects, smart contracts and dApps are crucial. This could allow competitors like Tron, Ripple or EOS to gain advantages over Stellar.

But Stellar’s versatility is such that it might disrupt many different markets. As a payment tool, it can affect the virtual (and the real-world)…

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