TRON (TRX) recently launched the Tron Virtual Machine which will allow users to host decentralized applications on its blockchain. The virtual machine makes TRON a direct competitor to the Ethereum virtual machine and increases the functionality of the ecosystem. TRON, however, has faced stoppages that have seen its price fall to 34% in September.
The currency is currently valued at $ 1.38 billion, with a gain of almost 2% in the last 24 hours. The fall in the price of TRON could be attributed to the decision of Goldman Sach to cancel its plans to launch an encryption desk, which would have greatly benefited the currency, which currently ranks 13 by market capitalization.
launch of the Tron Virtual Machine, Sun, CEO of TRON, also announced the acquisition of BitTorrent, making TRON the world's largest decentralized ecosystem. The acquisition pushes the decentralized platform towards its goal to fully democratize the Internet. The integration of BitTorrent into the TRON ecosystem will be added to the global payment and settlement of online content on the blockchain, further improving its usability. Users can earn tokens to upload content to the platform and encourage them to continue sowing even after the download is complete. Services will be offered through the Atlas project, which will not require any mining activity by encouraging users to use tokens made available on the platform.
However, not all participants are enthusiastic about the acquisition with some growing concerns about the execution of the plan. Other concerns raised are the potential for piracy and intellectual property law claims expected with the introduction of financial value for BitTorrent services. Integration is also seen as a time bomb that could close the TRON foundation in many countries if it is not conducted properly. However, integration is bound to benefit from open source companies that could share large files at reduced costs.
TRON also collaborated with Crypto & Proud, allowing fans to use TRON (TRX) to purchase clothing and accessories for cryptographic communities. The TRON products will be added to the already existing 9 cryptographic collections that expand the offers of crypto lifestyle stores. The goal of the store is to raise awareness for crypto projects through their products. The items available for purchase at the store include shirts and covers of branded crypts, among others intended for the general public, including teenagers and traders. The store currently accepts payments in over 50 different cryptocurrencies, including TRON (TRX).