BitTorrent File System Details to be Available

BitTorrent File System is similar to similar to the IPFS protocol, but with such improvements as blockchain intergration and 100M user base
31 May 2019   322

The launch of the previously announced decentralized P2P file storage system based on the BitTorrent token (BTT) will be held in the third quarter of this year.

BitTorrent File System (BTFS) will allow users to directly share files and use the resources of other network participants to store them, similar to the IPFS protocol, but with some improvements, including the blockchain integration itself, a user base of 100 million people and support by various development groups.

Additionally, Justin Sun, CEO Bittorrent and TRON founder, directly compared BTFS and IPFS.

The BTFS infrastructure will consist of 100 million BitTorrent user nodes, thousands of full TRON nodes, 27 super representative nodes and global TronGrid nodes.

Testing platform began in late May. After the official launch, a number of decentralized applications (dApps) will start to work based on BTFS.

Disclosure of new details about the upcoming launch of the platform did not help to avoid the BitTorrent token correction in the market, which followed after Bitcoin reached the $ 9000 mark.

Algorand to Raise $60M in 4 Hour Tokensale

The project was founded by a MIT professor and a Turing Award winner Silvio Micali and is designed to solve the problems of scalability and consensus in the DLT
20 June 2019   797

The blockchain-project Algorand, aimed at creating an “borderless economy ”, announced the successful completion of the  ALGO tokensale, during which it raised over $ 60 million, CoinDesk reports.

The campaign was held on the CoinList platform and was conducted in the format of the so-called “Dutch auction”, in which the highest price is first announced, after which it gradually decreases.

Simultaneously with the completion of the tokensale, it was announced the launch of the main network of the Algorand. The platform processes 1000 transactions per second with a delay time of less than 5 seconds, which, as noted, puts it on par with such major payment networks as Visa and Mastercard.

In his work entitled The Monetary Experiment: Algorand A Thesis For Algo Currency Markets, the head of Arrington XRP Capital, Michael Arrington writes that Algorand is a project where macroeconomics meets cryptocurrencies. He also notes that Algorand, as a blockchain-resistant Proc-of-Stake algorithm, is distinguished by a combination of advanced cryptography and a smart economic model.

The Algorand project was founded by a professor at the Massachusetts Institute of Technology and a Turing Award winner Silvio Micali. The main task of Algorand is to solve the problems of scalability and consensus in the blockchain.

As noted, the exact number of buyers who participated in the auction remains unknown, but because of high demand, the campaign lasted less than four hours. In total, 25 million ALGO tokens were distributed with a starting price of $ 10 and a closing price of $ 2.40.

Representatives of the project also stated that since tokens are distributed to customers' wallets and are not available on stock exchanges, there is no need to talk about any value of Algorand market capitalization.

Algos are being dispersed to wallet right now (for successful bids).  Therefore – there are non on exchanges. [Therefore, no market capitalization is available for Algorand, though some have speculated it sits around $6 billion.] Which is still a top 10.

Algorand Team

Earlier, the project announced plans to auction 600 million ALGO tokens per year, and in the first five years it is planned to release 10 billion tokens.

Also note that over the last year, Algorand raised $ 66 million in venture capital from investors such as Union Square Ventures and Pillar Venture Capital.