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Justin Sun Officially Adds 100 Million BitTorrent Users To Tron (TRX) Ecosystem

No doubt, Tron (TRX) is one big coin that cannot be rubbished in the cryptocurrency space. After Justin Sun announced that Tron would be moved out of Ethereum Network, the cryptocurrency war lord, declared on the go that there is going to be a huge competition between the two altcoins, like that which existed between Moses and Pharaoh.

Today, in a letter sent to the community, it was officially announced that the Tron has acquired BitTorrent in a bid to make its ecosystem stand out.

Justin Sun said BitTorrent and BitTorrent products are solely Tron’s property, creating euphoria in the community.

“From this day on, BitTorrent, whose software has been installed on billions of user devices, will become part of the TRON ecosystem, making TRON the largest decentralized Internet ecosystem in the world,” he said.

He declared that every BitTorrent user and supporter are now part of the TRON family, and so, 100 Million BitTorrent Users are now added to Tron (TRX) Ecosystem.

He maintained that anybody who have used the BitTorrent protocol, built their business on the protocol, or otherwise benefited from the protocol are now part of the TRON family.

BitTorrenct protocol, a file sharing communications protocol based on a p2p network was founded in 2001.

Before blockchain technology became prominent, BitTorrent has been regarded as the first decentralized Internet protocol with large-scale global application.

Talking about the decentralized personality of BitTorrent, Justin Sun said:

“Even today, the BitTorrent protocol retains its status as the world’s largest decentralized protocol, once transmitting 40% of daily Internet traffic. BitTorrent created and shaped the protocol, with 70% of BitTorrent users using the product. The company aims to decentralize the Web by promoting and further developing the BitTorrent protocol.”

The letter reads that BitTorrent gave birth to the decentralization movement, saying “Developers, entrepreneurs, and the decentralized Web community regard BitTorrent as the original pioneers of decentralization technology. It is the foundation of an open, transparent, shared Internet protocol.”

The latest acquisition signals that TRON’s “All-In Decentralization” agenda is heading towards fruition since the two platform which has now become one share the same vision for a decentralized Web.

Sun said he understands that BitTorrent will become more decentralized and gain a new life after integrating into the TRON ecosystem.

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TRON (TRX) Platform Continues to Grow its Crypto-Ecosystem Liveliness

Despite that the transaction count is still down, TRON (TRX) blockchain is moving upwards. With exchanges opening wallets the transactions per day are moving around 10,000. Still, it is much lower than similar contestants like the second in lead by market cap that counts 500,000.

TRON

Bittrex [Bittrex Exchange] has announced on July 12, 2018 that the TRON blockchain upgrade has been completed on the Main Network.

Proportionally, TRON’s platform has named its six Super Representatives that verifying the network. And more candidates are entering the scene to be elected.

One of the candidates running for a chair is Antpool. It is among the largest BTC mining pools that are connected to the ASIC producer.

However, the most likely to take a place is Skypeople with over 250 mil tokens in voting. Accordingly with the team’s roadmap, during the Guardian Phase – Guardian Representatives are named by the team who secure the network.

The Tron (TRX) Competition proudly organized by Binance has come to an end today. At the end of the competition, 31 TRX traders’ accounts were compensated.

Special Prize of 2,000,000 TRX was awarded to a single account who was the top trader, while 10 accounts won 200,000 TRX each, and 20 accounts won 50,000 TRX.

“The TRX Competition has now concluded. All TRX prizes have now been distributed to the winners’ accounts. You will be able to check the distribution record in User Center>Distribution History.”

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IOTA Ecosystem – IOTA’s Home of the Decentralized Future

IOTA Foundation is announcing and launching the IOTA Ecosystem after various negotiations that led to the creation of partnerships backing the network up. IOTA Ecosystem – represents a place that initiatives, startups and developers in a global-scale range will be working with the target of the decentralized future.

With giants like Volkswagen adding its CDO Johann Jungwirth and BOSCH stepping in the scene with Dr. Hongquan Jiang being added in the board of supervisory and advisors of IOTA Foundation, the network continued to grow which would be a support on numerous struggles like legal and technical.

On the other side, Dominik Schiener – Co-Founder of IOTA, continued meeting with Fujitsu’s team to look into the potential of machine to machine and industry 4.0

The multi-million dollar fund – The Ecosystem Development Fund

The project was planned out and run by a a few members of the IOTA community that had the idea of making the fund real that could hold the back of various sides and efforts while creating the Ecosystem.

The fund managed to gather donations from many community members raising an amount of 20 TIOTA (equal to ~$200,000 USD at that time) which is now estimated to worth tens of millions of dollars and thus have great potential to empower the Ecosystem in the future.

“While we have many details still to work out, we are beginning to close in on a framework which will define the IOTA Ecosystem and the EDF going forward. Because the IOTA community is at the center of this initiative we wanted to share some of our thinking now to allow the broader IOTA community the opportunity to provide thoughts, suggestions, and insights.”

Relying on the development fund, the Foundation can continue to specify different projects which will be supported that the community believes that do have great impact on IOTA’s road.

The real purpose behind the EDF is to bring together practitioners, developers, hobbyists, and enthusiasts in order to build IOTA applications into all aspects of the economy including the for-profit, not-for-profit, academic, and governmental sectors.

Having various [while being many] old and new members adding their part in IOTA’s rise, the team feels like the project would come to be just natural having a place that all can exchange ideas, work together and so on:

“The EDF’s role will be to support any and all work which contributes to the Ecosystem. The IOTA Ecosystem is too broad a community to be limited in its focus and so the EDF will be agnostic to both industry and geography. Support will be given to all aspects of the IOTA Ecosystem including, but not limited to, education, awareness, public utilities, proof-of-concepts, pilots, philanthropy and development. The EDF does not aim to pick winners and losers, but rather foster an open and collaborative environment where work can be shared and improved upon. Through a reputation system, the community will be responsible for evaluating the quality of the contributions and determining the trustworthiness of the Ecosystem’s community members.”

What it makes even more interesting is the fact that anyone can be part of the Ecosystem while having conceptual thoughts, ideas or further IOTA development to give out. Everything will be examined and discussed by the Foundation and if approved, the EDF will support a possible project and/or solution for the IOTA Ecosystem. The ones that would try hard and set-mind for helping the network and ecosystem will be given a fund as an award to continue working on the development.