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Home Crypto News

Tron (TRX) Foundation Scheduled July 07, 2020 for BTFS Storage Competition

Crypto News Finder by Crypto News Finder
July 7, 2020
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Tron Foundation have published that the BTFS are set to hold a storage space mining competition by sharing 30 million BTT per day.

Justin Sun Tweeted:  “#BTFS will hold a storage space mining competition, sharing 30 million #BTT per day. We will announce the Host ID of Top 10 winners to ensure the transparency and efficiency of the campaign.”

The BTFS storage space mining competition is set to be organized from July 7(PST). Tron Foundation expressed, since, the threshold for mining is not very high and the common Dual-Core 2 GB PC will be capable of beginning to mine right away. 

The eligible participants are Hosts with over 100 MiB added storage.  They will be getting proportional mining rewards from a pool of nearly 30 million BTT in just 24 hours. Beginning 00:00 UTC. The rewards are to be paid out in 24 hours by the end of each day.  Thus, the storage space mining model from TRON is for everyone. TRON will announce the Host ID of Top 10 winners in order to establish the transparency and efficiency of the campaign.

Sydney Ifergan, the crypto expert tweeted:  “TRON (TRX) know how to build their community.  The BTFS space mining competition is one of them. Make hay while the sun shines.”

Tron (TRX) Looking to Learn From the Past

Early this year in the Truth about Tron, Justin stated that they are fully compatible with the Ethereum Virtual Machine. So, every developer on the Ethereum finds it very easy to develop on TRON than EOS.  He also stated that TRON is more of a hybrid of Ethereum and EOS.

With TRON there is no need to rewrite anything as it is fully compatible with Ethereum. He stated that is something they are always trying to do. He also stated that they are looking to learn from the past in the industry and to come up with hybrid solution, which will benefit the customer and the developers better.

When asked about how in the recent past Ethereum and EOS nearly kissed up to become interoperable and how there is lot of tribalism in the industry despite which interoperability happening, Sun replied that he believed that in the future lot of tokens and the protocol can be connected with each other, and also do token swap and also the chain communication. Perhaps, this is one of the reason for why Sun has been hard marketing to buy every blockchain possible.

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