Nine days ago Bitcoin soared for sixty minutes only, and that was enough to prompt a savage war between bulls and bears in the cryptocurrency market that’s not been solved yet. Bitcoin’s bonanza dragged the whole market along and that included Tron’s Tronix (TRX) coin, eleventh by market capitalization according to CoinMarketCap, which saw its price go up on April 7. It’s currently trading at $0.026 with little nasty red numbers of roughly 12%.
But the Tron’s token value hasn’t been the most crucial aspect in the project. So, however, the coin’s value was faring, the Tron Weekly Report still informed the Tron community about the latest news in the project’s technology and developing efforts.
The Foundation managed to complete the upgrade to the broadcasting speed. It also developed a detailed plan for the development of a new side chain. Work is still in progress on test deferred transactions as well as anonymous transactions for wallets. And, in the pending issues department, the solidity of the compiler contract is yet to be tested in full.
The developing team is working on TronGrid too. It’s running performance tests as well as load ones. Efforts have succeeded in improving the transaction query performance by about a hundred times, and the Minimum viable product (MVE) is at a point in which it can be tested externally.
The BitTorrent File System’s first version is also on the works (which probably has something to do with the launch of Project Atlas and the final merging of BitTorrent into Tron’s network). Another FileSystem known as InterPlanetary File System (IPFS) is also undergoing tests, especially regarding integration with Tron’s decentralized applications.
Besides improving on technical aspects in the Tron network, the Foundation is also making progress in developing BTT. It’s already listed on 41 cryptocurrency exchanges. Coinsuper and Coinone are the latest additions to that list. Further good news announced about BTT is that you can now use that currency to pay for Windscribe VPN.
USDT-Tron, which came about because of a strategic partnership with Tether, is now supported by BTEX, ExShell, Bit-Z, Cointiger, BigOne, and Huobi.
Justin Sun (the project’s founder and CEO) announced the launching date for the Sun Network’s testnet and Main Net. He also told the community about the optimization work that will be done once the Main Net is online.
One of Tron’s hallmarks is the high level of communication and transparency; it keeps with the community at large. Also, it’s an organization that has us used to see every project milestone delivered on time and working correctly. In this regard, Tron Foundation’s successful management is almost unique in the whole crypto world. The weekly report just confirms, once again, that both virtues in Tron still hold true.
Tron’s cryptocurrency’s value remains very low. But all this work bolsters the project’s fundamental solidity. And as new strategic partnerships with key companies (the Bitnovo partnership is a good example) find new use cases for the token, there’s no doubt that the fantastic fundamentals in this project will end up creating demand for TRX thus bringing the price up.
Image courtesy of Pixabay.
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