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Tron (TRX) Tops Twitter Mention, Gets Acceptance From Taxi Driver In Spain

While Twitter remains a prominent social media where things are being discussed, a pool on the site has revealed that Tron, amongst its contemporaries remains a strong, formidable and very popular Cryptocurrency in the crypto space.

In a tweet issued by CoinTrendz.com‏ late last night, it was revealed that among the top ten Cryptocurrency that were mentioned in an hour tweet, Tron topped other coins with 3,824 points, spacing its seconder with a margin of 2,359.

Bitcoin (BTC) which took the second position had 1,465, and the trend of point continues to decrease among coins like Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Stellar (XLM), Bitcoin Cash (BCH), Digibite (DGB), VeChain (VEN), while Cardano (ADA) took the last position on the table.

Displaying elation over the news, Justin Sun, the owner of the Cryptocurrency, retweeted the news and added his own message.

#TRX is No.1 in top 10 mentions on Twitter,” Sun mentioned.

Taxi Driver Accepts Tron In Spain.

The euphoria of Tron’s community was again increased with a tweet by Justin Sun averring that a taxi from Almuñecar, a town in Spain, is accepting Tron (TRX) from customers as a mode of payment.

#TRX was accepted by a taxi driver from Almuñecar, a tourist spot in Spain.” Sun Tweeted.

According the tweet, the driver placed a poster at the back of his car sit, denoting that Tron is been accepted here.

Tron Disburses $25K To Outstanding Developers

During the weekend, Tron announced it disbursed a whopping sum of $25,000 to 5 outstanding Tron developers who painstakingly put enormous effort in keeping the Tron ecosystem far from the reach of hackers. Now, the GitHub Bug Bounty Program under which Tron compensated the developers has now been transferred to HackerOne, and henceforth regarded as HackerOne Bug Bounty program.

The development succeeded Binance’ singlehanded compensation of 31 selected Tron (TRX) traders with 5,000,000 TRX. Observers are of the opinion that Binance’ action will increase the number of Tron lovers in the cryptocurrency community.

TVM Draws Nearer

It is 14 days to the launch of Tron Virtual Machine, indicating that come 29th of June, Tron Virtual Machine will be officially launched. However, Ethereum World News reported that the Alpha Version of TVM was launched on the 25th of May, 6 days to the launch of MainNet.

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Is Tron (TRX) Biting Off More Than It Can Chew In Recent Time?

Tron (TRX) –No doubt the crypto globe is a very competitive space where thriving is seen as the survival of the fittest. No crypto coin wants to be left behind, but time and efforts is a major determinant. All are fighting in the name of not being an underdog for the other.

Among the most prominent coins in the market today is Tron. For sure, Tron is a household name in the crypto sphere, and if mentioned, a deaf man who can lip-read will surely understand. While others see partnership as a colossal thing in the crypto world, the prominent altcoin in the market makes all move to triumph above others by bagging series of developments, improvements and enticements to create awareness beyond the space.

Some Tron’s Completed Projects

Tron, in recent time has successfully initiated some developments. Even though many things have not been fully implemented on the altcoin’s colossal project of the quarter, it has completed the MainNet launch.

On June 26th a day after the MainNet, Tron launched its independence day MainNet. After the MainNet celebration, Tron burnt 49 billion worth TRX token on ERC20 ecosystem after burning 1 billion TRX coin some days before.

Earlier, on June 14, Tron foundation in a tweet aired that it has officially launched its wallet, describing the wallet as “an open source crypto wallet like you never seen before!”

Tron’s Ongoing Developments

The same altcoin that has been through all these is on with its tokens migration from the ERC20 ecosystem due to the MainNet launch.

While for some time, it has been on its Super Representative Election where over 100 candidates will race for 27 positions, and the selected candidates will govern the TRON community.

Meanwhile, even though exchanges like Okex, Houbi Pro, Binance and more have completed Tron’s upgrade for transactions, and many are still on with theirs.

Also, Justin Sun, the owner of Tron, in a tweet stated that the “1,000,000 #TRON (TRX) trading competition is ongoing!”

Conclusively, even though improvements has great impacts on coins in the crypto space, some observers have opined that Tron may at the moment may be “biting off more than it can chew”, as the developments seem to be trooping in simultaneously and such may have effect on the coin. In the same vein, the recent fall of the coin from the 10th position was also attributed to diverse attention. However, there is hope that Tron will soon be among the top ten coins, and may possibly be in the 6th position as envisaged by Justin Sun, who is relentlessly paddling the blockchain technology.

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What Could a BitTorrent Merger Mean for TRON (TRX)?

TRON (TRX)–On Monday, Variety broke the news that TRON founder Justin Sun had finalized his purchase of BitTorrent Inc., the parent company behind popular torrenting platform BitTorrent. While Sun has yet to make an official comment upon the purchase, or even hint that torrenting may find its way to TRON’s newly launched Main Net platform, it’s more than plausible at this point to assume some crossover of the two is imminent.

Let’s look at some of the facts. News of Justin Sun purchasing BitTorrent dates all the way back to January 2018 (including a lawsuit against the parent company over allegations of foul play), which occurred just as TRX was reaching a 20 billion USD market capitalization and an all time high in pricing. Given the outspoken nature of Sun, it’s possible this was another marketing stunt to draw greater attention to TRON, thereby pumping the value of both entities. It’s also possible that the founder was looking to pivot at the top, selling out his position in TRX at a peak to move into a more stable position through torrenting. However, Sun’s multi-billion TRX stake in TRON is supposedly locked alongside that of the TRON Foundation, to be spent only on maneuvers like Project Genesis, a 2 billion USD fund for Main Net development and incentives.

Therefore, it seems unlikely that Sun would have cashed out in January, despite allegations of doing so, to purchase BitTorrent. Instead, he likely saw an opportunity in the torrenting client that would pair with the coming implementation of TRON’s Main Net. Remember that TRON, unlike other transaction-based currencies such as Bitcoin and Ripple, is attempting to build a platform to reinvent the digital landscape of entertainment media. Torrenting is one avenue the company could pursue (in conjunction with the already established partnership through Game.com). The utility of TRX on Main Net makes the coin a likely companion to torrenting.

The decentralized ethos of cryptocurrency has always held a fair amount overlap with that of peer to peer file sharing through torrents. TRON, with the advent of Main Net, has established a platform that is capable of handling 10,000+ transactions per second. In addition, transactions consume a minuscule 0.00001 TRX, meaning an entire lifetime of TRON-based transactions could be paid for with a single token. It’s possible that Justin Sun could be gearing up for the introduction of torrenting on Main Net, via the BitTorrent client, that uses TRX micropayments as a form of delivery. While the service would be an added layer over the current free iteration of the BitTorrent client, it could come with the added benefit of cryptocurrency to entice a larger user base.

At the very least, BitTorrent would drive the sort of attention that TRON is desperately in need of following the post-hype period of Main Net launch. TRON was able to successfully transition away from the crowded ERC-20 space on Ethereum’s network, but has yet to experience the price appreciation that would accompany such a significant step forward for the currency. While the entire cryptomarket has been in decline over the last two weeks, TRON has barely appreciated a percentage point following the official launch of Main Net. News of a merger between TRON and BitTorrent would reinvigorate investor interest in addition to building upon the confidence inspired by community projects like Genesis. Sun and the TRON Foundation could be waiting for the opportune moment to announce such a partnership. But for now, the investor base is left waiting on news of the TRX founder’s most recent acquisition.