Tron just wrapped up an in-depth live stream update on the platform’s progress.
Founder and CEO Justin Sun began by comparing Tron’s network activity to other blockchains, noting the Tron network now boasts more unique addresses than EOS. In addition, Sun says Tron gained more unique addresses in the first 95 days after its mainnet launch than Ethereum did during its initial launch back in July of 2015.
Sun also announced that Tron has now burned 98% of all its ERC20 Ethereum-based TRX tokens, which are no longer needed now that Tron has migrated off the Ethereum blockchain. The process has essentially locked up about 97 billion tokens that are no longer needed, throwing away the key.
The Tron team also highlighted a number of DApps, including the updated Tron Wallet for iOS and Android and two new gaming DApps built on the Tron network.
As for Project Atlas – the code name for Tron’s integration with the legacy file sharing platform BitTorrent – Tron revealed a number of announced on how the two platforms will merge.
• Integration of a new Tron-based TRX20 token is designed to incentivize users to share files and increase overall download speed
• Users will have the option to take part in the tokenization, or can continue to use BitTorrent without any modifications if they like
• Mobile, desktop, and third party torrent clients will all have the option to enable the new tokenization features
• BitTorrent will remain free and continue to allow users to upload any and all types of files
The blockchain space has flourished this year and blockchain-based projects and ICOs fared quite well. However, when it comes to digital assets, the market was not as favorable.
Tron TRX reached several milestones. Justin Sun purchased the largest data sharing platform, BitTorrent to create a decentralized web, known as Web 3.0. Even though the platform launched its mainnet and declared independence from Tronic a few months ago, TRON has declined against fiat currency and has a price that is ten times lower than its all-time high. The big question here is whether TRX is able to rise back to its record price by the end of the year and what are the chances that it will happen.
Tron’s high was back in January and thereafter, it lost 91 percent of its value. Worse, in the last couple of weeks, it had some chances or rebounding and the biggest gain was from $0.018 to $0.026. A week later, the currency fell to $0.017 and went on its sluggish way.
Some surmise that the decline has to do with the negative market trends that are in charge by a common case. Further, it is expected that there will be a continuous decline in the coming weeks. Just last week, TRX has appeared to have adopting a bullish trend, so there is a chance that expectations may change.
Some are saying that by the end of 2018, TRX may rebound due to several new projects that it has announced on Project Atlas. In addition, some believe that TRX needs a boost against the fiat. TRON does best when it has new listing and new trading pairs.