0
📰 News

Tron Price Surges 11 Percent Outperforming Top 13 Assets as BTFS Mainnet Goes Live

  • 📰 News

    Tron (TRX) price has surged 11 percent, outperforming all other top 13 coins due to Justin Sun’s announcement about BitTorrent launching BTFS mainnet

Cover image via www.123rf.com
Contents

On the first day of October, the crypto market is bathing in the green, with Tron outperforming the top 13 assets at the time of writing. The most likely reason for that is that the Tron and BitTorrent CEO Justin Sun has taken to his Twitter page to announce the launch of the long-expected BitTorrent File System (BTFS) mainnet.

CMC 10/01/19
Image by Coinmarketcap

BTFS mainnet goes live

BitTorrent has spread the word about the release of the BTFS mainnet via its Medium page.

BTFS has completed its official launch of the mainnet, representing a new starting point for BTFS and a big step towards the integration of BitTorrent ecosystem.

The BitTorrent team has added more than 3,000 new BTFS nodes to the BT Client when rolling out the mainnet. Two main features are now supported by BTFS. The first one is that users can now get rid of directories and files through the command line. The second one is that users can now import their Tron private keys, a BIP39 seed phrase or generate it securely.

The team promises that BTFS will ensure more flexibility for storing data and better security of files, as well as giving files bigger value during exchanges on the network.

👉MUST READ

Bitcoin Starts Q4 on a High Note, EOS, Ethereum, Ripple's XRP, and Other Top Altcoins Follow Suit with Solid Price Gains

Bitcoin Starts Q4 on a High Note, EOS, Ethereum, Ripple's XRP, and Other Top Altcoins Follow Suit with Solid Price Gains

TRX and BTT prices surge, as BTFS fulfills its Q3 goals

On the news of the BTFS launch, Tron’s TRX has surged around 11 percent, outperforming the higher standing coins on the top-13 list.

BTT has shown growth of 6.84 percent.

BTT 10/01/19
Image by Coinmarketcap

The second-best performing asset after Tron’s TRX is EOS, showing a price surge of 9.49 percent.

EOS 10/01/19
Image by Coinmarketcap

Thus, BTFS has fulfilled its goals for Q3 2019. As per the Medium post, the team now intends to conduct further integration of it with BitTorrent. Later this year, the mainnet will support all dApps on Tron.

Also, in 2020, BTT is going to be integrated into BTFS to be further used as an incentive for users who do file-sharing.

In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

This block is broken or missing. You may be missing content or you might need to enable the original module.
Recommended articles
0
📰 News

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • 📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

👉MUST READ

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

This block is broken or missing. You may be missing content or you might need to enable the original module.
Recommended articles