Tron Launches A New TIP While BTFS Prepares to Deliver Next-Gen Decentralized Storage

    • Sprinkle of good news: TPS to add new features to TVM, number of accounts on Tron Network exceed 4.7 million, partnership with Steemit, and BTFS mainnet launch
    • Deluge of bad news: Community upset Justin Sun gets involved in SR election and Tron-based $300 million USDT migrating back to Ethereum

    A new TRON Improvement Proposal (TIP) number 32 has been launched on Friday, announced Tron CEO Justin Sun on Twitter.

    If approved, this proposal will introduce three new features in Tron Virtual Machine (TVM). These features will include support for parallel signature verification, multiple signature verification, and judging whether the address is the contract address. Justin Sun said,

    “After the proposal is approved, it will further enrich the application scenarios of smart contracts.”

    Sprinkle of Good News

    While a new proposal has been put forward to add more functionality to TVM, the total number of accounts on Tron Network surpassed 4.7 million, as per Tron Scan.

    With the total number of accounts now reached 4,713,075, “the TRON ecosystem is growing at a steady pace,” and welcoming more developers and users to join their community.

    Amidst the ever growing Tron network, it recently also partnered with Steemit and in less than five days, it would launch the BTFS mainnet v1.0.2 in Beta, before which it supported prod upload payment, fixed crash bugs, implemented offline signing javascript sdk, and added documentation on opening static ports on Linux, Mac, and Windows. BitTorrent Inc. wrote.

    “With this revolutionary upgrade, BTFS will deliver a next-gen decentralized storage service to countless users.”

    Deluge of Bad News

    The Tron community has many milestones and partnerships to be excited about, but earlier this week, Sun voting in the Super Representative (SR) election left the community angry.

    The election was to be “100 community driven” when the Tron-Ace and Tron-Bet received favoritism from the main guy, Sun himself. The Zion addresses, that is the same one that received 99 billion TRX during the network's mainnet launch, voted 200 million and 310 million to Tron-Bet and Tron-Ace respectively.

    Naturally, the community demanded an explanation as despite the Tron documentation clearly stating that Justin Sun or Tron Foundation, both not to be engaged in community voting, there was involvement.

    As we already know, Binance is already the top Tron SR controlling majority, over 50% of the network.

    In yet another news, Tether took a shot at Tron by choosing Ethereum over it. The company announced the conversion of $300 million dollars worth of USDT back to the Ethereum network.

    USDT first joined Tron last year and the issuance of USDT-TRX grew rapidly to the point of reaching $1 billion. But now, Tether is migrating a third of Tron-based USDT back to Ethereum that already dominates with more than half of $4.6 billion USDT.

    For now, there’s no clarity on what prompted this change, neither from Tether or always active Tron’s side.

    TRON (TRX) Live Price

    1 TRX/USD =$0.0108 change ~ -5.31%

    Coin Market Cap

    $720.63 Million

    24 Hour Volume

    $30.46 Million

    24 Hour VWAP


    24 Hour Change


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    AnTy has been involved in the crypto space full-time for over a year now. Before his blockchain beginnings, he worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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