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

  • Yuri Molchan
    📰 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

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

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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.

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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.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
    📰 News

    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
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Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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