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Justin Sun Announces BitTorrent File System Testnet Launch

ยท 02 Jul 2019 in Breaking, Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

The Tron Foundation has just announced the official launch of the BitTorrent File System (BTFS) testnet. The goal is to receive feedback from the Tron and BitTorrent communities and improve the services offered to the market. The information was released by the Tron Foundation in a blog post uploaded on July 2. 

Tron Foundation Announces BTFS Testnet

On July 2nd, the Tron Foundation announced an important milestone for the BitTorrent project. In this blog post, they informed that they were able to build a testnet and they want to receive the community’s feedback.

The goal is to integrate the BTFS with the Tron blockchain and the whole BTT ecosystem. This is expected to have a positive impact in both networks making it possible for millions of individuals to be using blockchain technology. 

The official blog post reads as follows:

“We were able to build a testnet in a very short amount of time and we are excited to receive the community’s support and feedback! In the future, BTFS will be integrated with TRON blockchain and BTT ecosystem. This is a step to a big direction for TRON and the blockchain industry as a whole as we will introduce this use case to 100 million user base.”

Some of the key highlights include the following:

  • BTFS AutoUpdate would allow nodes to have the latest updates at all times
  • BTFS Testnet nodes will be deployed in a decentralized manner around the world
  • Demonstration dApps integrating BTFS and the Tron network will be guiding developers in dApp development

In addition to it, DappReview released its new report about decentralized applications in fourth different networks, Ethereum (ETH), EOS, Tron and IOST. Tron is the fastest growing network with 414 new dApps deployed during the first part of the year. At the same time, Tron registered more than 710k users, more than any of the other four networks. To put it into perspective, Ethereum registered 465k and EOS 520.9k active users the first part of the current year. 

In terms of transactions, Tron surpasses Ethereum with 192.3 million transactions processed between January and June 2019. 

At the time of writing this article, BitTorrent Token is the 35th largest digital currency in the market according to CoinMarketCap. It has a valuation of $282 million and a price per coin of $0.00133. TRX is also the 10th largest digital asset with a market cap of $2.08 billion and a price of $0.0311. 

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