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The key takeaways from Tron niTRON 2019

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The Tron project recently held its summit, in San Francisco, United States. This was a very anticipated event by Tron community members in particular, but by the cryptosphere at large as well.

Among the conference’s speakers were Kobe Bryant (yes, the NBA star who also happens to be a venture capital investor and expert since he owns a company in the industry) and Justin Sun, the project’s founder and Tron Foundation’s CEO.

So what did we learn from the summit? Four very interesting things. Let’s dig in.

BitTorrent Speed

Tron bought BitTorrent a few months ago. Why? Because it offers a lot of content to its users, and it has around a hundred million monthly users the world over which makes it the world’s largest decentralized network. So BitTorrent is in line with Tron’s ambition to decentralize the web, especially when it comes to content management.

The BitTorrent network will merge into Tron‘s blockchain and main net. That’s what Mr. Sun has called Project Atlas, and the new BitTorrent will have a new client application, which will be called “BitTorrent Speed”.

The news is that BitTorrent speed will be available during Q2. It will become the world’s largest blockchain application almost instantly. And it will use a Tron-based token (TRC10 technology) called BitTorrent Token (BTT) to incentivize users so they seed their files for longer times. Yes, you will be able to earn BTT just by leaving your BitTorrent speed on while you sleep, for instance.

The blockchain version of BitTorrent promises to be way faster than the standard version. It will be very interesting to see how many BitTorrent users will join the crypto verse through Tron.

New office

The Tron Foundation opened a brand new office in Hong Kong.

The Foundation was incorporated in Singapore and it has offices in Beijing as well. But Hong Kong remains an important hub and link between continental China and the rest of the world, so Tron’s new place in the island-city can only help its presence in the world at large.

Application status

Tron has now deployed 200 decentralized apps. That’s a lot of development done in a very short time interval (barely seven months) which means they know how to incentivize developers to create new software or to move it to Tron from other projects like Ethereum.

Of those apps, 142 use the blockchain’s native token (TRX or Tronix). There are more than three thousand developers involved in creating new apps. If you are wondering why only 142, the reason is that many apps have issued their own Tron-based tokens for internal use and for trade at Tron’s decentralized exchanges.

The network’s growth is of 20% weekly, which is exceedingly impressive and, at that rate, it’s going to leave EOS behind very soon.

Token market performance

Tronix went from 11th to 9th in market capitalization in just the last few weeks. It’s quite a remarkable achievement for any blockchain project to keep growing when most of the cryptosphere is shrinking, losing value, and many projects are surviving by their nails.

And that’s not all. According to projections shown at the summit, by year’s end, TRX will become the world’s fourth-largest coin.

Final thoughts

You could think that some of the announcements are a bit overoptimistic. But you should keep in mind that this is a project that so far has delivered in each and every promise it’s made. So don’t be surprised if all those statements become true over the next few months.

Image courtesy of PixaBay.

SEC Veteran, David Labhart, confirms to speak at Tron niTron 2019

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In a recent press release through their Twitter handle, Tron foundation announced that David Labhart, a veteran SEC compliance officer, would be attending the niTron Summit that is scheduled to be held in January 2019. The tweet read:

“As one of the notable experienced SEC Compliance Officer, David Labhart, will be giving his contributions at #niTROn2019 to share his views on blockchain market and its regulations. David has 15 years of experience in the securities industry working for the U.S. Securities and Exchange Commission and S&P Global Ratings.”

According to many cryptoanalysts, the scheduled niTRon 2019 event has the potential of being a hub where individuals and companies from different industries are familiarized with blockchain technology and how it stands to benefit them and make their lives not only better but also allow them to profit from the venture.

Themed as “acceleration,” niTron 2019 promises to be one of the most significant advanced tech hubs the world has witnessed in recent time with expectations high that it’s going to give cryptocurrency and blockchain technology the more exposure and adoption it deserves provided everything goes according to plan. The event is going to be held at San Francisco, the world’s most advanced tech hub.

Tron as a company that recognizes the significance of the research and development of blockchain technology hopes to make use of the event by sharing with the audience their findings and experience with developers and industry players in blockchain related fields.

“We also hope to create awareness among non-blockchain markets by sharing our experiences and knowledge on how to reap big through implementing blockchain technology. At the Summit, we will engage in a dialog concerning the current technological progress within the blockchain industry, the future of the technology, and the best practices to players can adapt to inspire the market to contribute to the development of blockchain.”

Tron to Rekindle the Entrepreneurship of Silicon Valley

For a long time, San Francisco more so Silicon Valley was perceived to be the Holy land of new technology and entrepreneurship. The energetic society of entrepreneurs, marketers, developers, investors among many other players, have all contributed to the ever-growing tech industry in Silicon Valley.

And as one of the world’s significant and promising tech hubs, Silicon Valley not only played a significant role in supporting the development and adoption of blockchain technology during its initial years but continues to do so to date.

According to reports from various researchers, blockchain technology has stood out of the pack to rank as the fastest growing technology in the tech market, with organizations hiring and looking for bright individuals who have blockchain experience to build their internal teams and projects.

And with such a strong and supportive base of bright individuals in Silicon Valley, niTRon 2019 promises to be one explosive event not only in the cryptocurrency and blockchain world but to the entire world of money and technology.

A Big Celebrity Expected at niTRon 2019

Apart from the array of experienced cryptocurrency and blockchain experts expected to grace the event, Kobe Bryant, a familiar sports icon and celebrity is also expected to be on the list of individuals who are going to give keynotes speeches at the niTRon 2019 event.

Having Kobe will undoubtedly have a marketing advantage that is expected to capture the attention of a big audience in the US and other parts of the world. As it is his usual style, Justin Sun took to Twitter to express his anticipation and enthusiasm for having the basketball star on the summit platform.

“Kobe Bryant is one of the top basketball names and genius. I also happen to be a huge fan of Kobe throughout the years. It is my great honor to announce Kobe is going to be our special guest for the niTRon Summit 2019. It is prudent for me to say that Kobe is not only a basketball genius but also an investment genius. We look forward to having him and hearing his great contributions at the summit.”

Image courtesy of Pixabay.