TRON is the first blockchain that is supported by BTFS and other blockchains are to be announced soon.
TRON Foundation tweeted: “Storage-in-place. TRON will be the first blockchain supported by BTFS. BTFS provides a content-addressable P2P mechanism for storing & sharing digital content in a decentralized manner. What other blockchains should BTFS support next?”
BitTorrent Inc., recently announced that the BitTorrent file system (BTFS) are going to facilitate a storage solution for running TRON Network nodes. This will eventually, make syncing the mainnet nodes quicker and very efficient.
The disadvantages of traditional file storage systems are to be addressed with increase in the cloud storage practices. Factors like centralized trust, concentrated authority, high cost, inflexibility, and low tolerance are considered negatives.
These negatives are the issues which TRON is working on to fix with BTFS. Some both the protocol and the network application from the BTFS provides for a content-addressable, peer-to-peer mechanism that can help store and share digital content in a decentralized file manner it is important to have an entire copy of the blockchain to be downloaded for running the TRON Network node.
Storage, and scaling that storage is very demanding as the blockchain is a continuously evolving database.
Syncing a new mainnet node will take few hours, days, or even weeks. Thus, it is possible to increase the syncing performance of a TRON Network node in a trustless manner by using BTFS’s decentralized cloud. This in theory is expected to happen in hours.
BTFS network will incentivize the users for sharing their storage space which will in turn boost the resource utilization thus making it possible for content creators to earn and spend cryptocurrencies without having to need a third-party. Ultimately, the token economy will provide for a fair and efficient file sharing and storage system that will make possible dynamic value exchanges in the network ecosystem.
Sydney Ifergan, the crypto expert tweeted: “TRON (TRX) are very clear about what they need to do to accomplish their goals and they time it and do it.”
TRON (TRX) Foundation Launches and Whale Transfers
CoinMarket Cap have added $SUN to their yield farming page, to shine some light on the crops out there. SUN has 14 Pools with $325M locked. What’s the APY and risk? CMC is set to keep the users informed periodically.
Tron Foundation also stated, TRC-USDT has surpassed ERC-USDT in Daily Transaction Counts since August 30 2020. MXC Exchange have lunched TRX-USDT Perpetual Contract.
Reportedly, it is seen that a TRON Whale has transferred 306 million TRX. The entity has made this move from Poloniex to an unknown wallet.
