TRON (TRX) Could Acquire BitTorrent Before The MainNet Launch
TRON (TRX) is the process of what can arguably be described as the biggest chain of projects on the platform. With the success of the TRON Virtual Machine launch, TRON Foundation is preparing for its much anticipated MainNet launch.
Ahead of the MainNet launch, evidence of a legal battle between Justin Sun and BitTorrent which could see the former purchase the later have surfaced.
TorrentFreak reported on May 25th that Founder of TRON, Justin Sun is in the process of acquiring BitTorrent, developers of Torrent, a pursuit that has been ongoing since September 2017. Torrent is arguably one of the most popular online torrent clients with over 100 million users.
Regardless of the Reports flooding the internet, BitTorrent has confirmed that the acquisition has not yet been finalized. Justin Sun and his visionary leadership style could prove crucial for BitTorrent which has suffered from questionable management in the past. Looking past the possibility of TRON acquiring BitTorrent to the possibilities which lie ahead for TRON.
Aftermath of the TRON Virtual Machine Launch (TRON VM – Alpha)
The cryptoverse witnessed the debut of the TRON Virtual Machine 1.0 (TRON VM) on the25th of May. According to TRON Foundation, the TVM will be a cornerstone of the ecosystem that TRON is building. The TVM will help TRON in providing developers within the TRON Ecosystem with efficient, stable, secure and scalable custom-built blockchain system.
The TVM also features a lightweight architecture which is aimed at reducing the consumption of resources whilst guaranteeing high system performance. The TVM has been launched, and the market forces seem to be behind the TRON tokens.
Market Performance of TRON (TRX)
Although the crypto market is sliding back into the red zone, TRON has managed to stay afloat. Following the debut of the TRON Virtual Machine, TRX has remained in the green for the most part, and is now biggest gainer among the top 10.
TRON is up by 2.79% in the last 24 hours, the TRX now has a trading value of $0.072. Although the figures are not over the top, it would serve a huge boost for TRON’s MainNet launch if it manages to remain in the green for that long. TRON remains the 9th biggest cryptocurrency with an estimated market cap of $4.79 billion USD.
The alpha version of the TVM has been launched, the next major projects of TRON include the MainNet launch scheduled for May 31, TRON token swap which will happen from June 21 to June 25, and the TRON Super Representative Elections on June 26 which will mark the beginning of TRON’s journey to dominate the cryptoverse.
Exchange Platforms Supporting TRON (TRX) Migration
TRON has garnered support from a number of major exchange platforms for its MainNet Launch which is less than five days away. The most recent update from Justin Sun shows that seventeen crypto exchange platforms will support TRON’s MainNet launch and token swap which will follow days after.
Exchange platforms which have announced full support include; Bibox, Binance, Bitfinex, BITKOP, Bitpie, Bittrex, Bithumb, Bixin, Bit-Z, Coinnest, Coinrail, DrangonEx, Liqui, Gate.io, RightBTC, UpBit, and Zebpay. While the list is already impressive, TRON Foundation has announced the possibility of other platforms joining the list before the MainNet launch takes place.