TRON (TRX) – It has been reported that BitTorrent is currently in the process of being acquired by TRON founder Justin Sun. BitTorrent Inc is a leading software company and an operator of torrent client uTorrent – which is a proprietary adware BitTorrent client owned and developed by BitTorrent, Inc. The acquisition of BitTorrent by Tron will certainly lead to bigger news.
BitTorrent Inc. has gone downhill in recent years due to questionable management practices – among other things. Sun began pursuing the acquisition of BitTorrent Inc.’s assets in September last year . In January of this year, both parties finalized a letter of intent for the acquisition, of which Sun returned a a signed copy.
Collaboration between cryptocurrencies and existing technology will allow for quicker quicker adoption by the mainstream. Acquiring BitTorrent Inc. will require a ton of capital, something which may not be too big of a problem for Sun, but it is evident that things will not evolve in a positive direction unless both industries find ways to collaborate and decentralize services.
The past week has seen a downtrend for the cryptocurrency market. However, TRON (TRX) has managed to trade relatively strong when compared to the behavior of other coins. Not only has TRX been able to avoid selling pressure, but it has maintained its position while holding a 50-day moving average. While numerous other cryptocurrencies continue to plunge trading below their 20/50 and 200DMA’s, TRX finds itself in a better position as it is currently ranked #9 on CoinMarketCap.
Tron (TRX) Main Net Launch; image source; medium.com
Main Net Launch
The Tron Main Net launch is going to be live in 3 days. Tron will then become independent form Ethereum’s blockchain and go on its own. This platform will allow developers to create decentralized applications. Transaction times will become shorts and fees will become quicker. As Tron leaves behind Ethereum and the ERC-20 blockchain, possibilities will expand. With Tron’s new main net launch, one penny will be enough USD to get you two hundred thousand transactions as transactions will cost 0.00005 per one. This feature is attractive as Bitcoin and Ethereum currently transact for $1-$5.
http://technewsleader.com/2018/05/28/tron-trx-the-inside-scoop-on-looming-main-net-launch/