Tron [TRX]’s weekly report: BitTorrent token, Tron Accelerator and more

The cryptocurrency market’s recent behavior has been synonymous with that of a rollercoaster. Popular cryptocurrencies like Bitcoin [BTC], XRP and Tron have played all the sentiment fields, sometimes making investors happy while at other times behaving in the complete opposite manner.

Tron’s tussle with the bear has been something to watch as the Justin Sun led Tron has been a consistent gainer among the top ten cryptocurrencies, thanks to several updates and developmental announcements.

In the recently released Tron Weekly Report, the Tron Foundation elucidated on the workings occurring on the Tron network. The Technical Development portion of the report stated that the organization was successful in implementing the enhanced safe use of the TRC10 smart contract transfer function. Another update that the Foundation pointed out was the achievement of dynamic changes of resource ceiling on the Tron network.

The Justin Sun led cryptocurrency organization also assured holders of the token that the multi-signature process was being tested on the wallet along with the event subscription function. One of the key points stated in the report was the initiation of the Committee Proposal No.15 on the Tron network by Justin Sun. The report said:

“When the proposal is activated, users can send TRC10 tokens to smart contract accounts, look up TRC10 token balance through smart contract codes and send TRC10 tokens to general accounts.”

The bull surge was also credited in the report where it talked about TRX reaching the number 8 position by market cap. Justin Sun once said that his target for TRX in 2019 is to rise to Number 4 on the cryptocurrency charts. The Tron developer community was also discussed in the report with the addition of a Change Log and the updated API’s pertaining to TRC10 name duplication being a prime example. The report further added:

“For TRON Accelerator, we have received 260+ project submission and 360+ project registrations. There are more than 2000 developers on Discord, and more channels will open in the future to display high-quality projects developed by the community.”

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