Charles Hoskinson, the founder of Cardano (ADA) and IOHK, recently speaking at a Crypto ICO Summit turned the public’s eye to TRON (TRX). Cardano was ahead of TRX in terms of market capitalization on the official ranking list all while Hoskinson was applauding BitTorrent. Justin Sun, the founder and CEO of the TRON Foundation, recently acquired BitTorrent in regard to its expansion protocols.
At the Crypto ICO Summit that took place recently, Cardano’s founder talked about some of the major issues in the blockchain industry that need to be fixed. He also mentioned interoperability, scalability, and sustainability. He then further expounded on Cardano’s expansion initiatives.
Justin Sun, the founder of TRX and the TRON Foundation acquired BitTorrent recently. He mainly did this to provide a well-known data sharing service. This is to help his community to achieve the most important goals of the TRON Foundation. The foundation’s goal is to establish a decentralized internet once again. For that purpose, Sun planned on incentivizing BitTorrent users to seed more. Reliable sources also have it that Sun acquired Blockchain.org for the purpose of setting up a decentralized internet.
ADA’s founder gave an example of how, through such a service, data could be downloaded faster. He pointed out that the more the users are inquisitive about certain media available for download, the quicker the download would be. He reminded that this is why incentivizing seeding is a great way of enhancing the overall upload and download speed.
ADA currently aims at becoming the top choice for smart contract executions and operations with their use cases of Marlowe. This could finally take ADA closer to displacing Ethereum (ETH).
ADA is progressing up the ranking ladder and is at the moment residing among the top ten cryptocurrencies. Moreover, given the fact that ADA’s founder highlighted the fact that BitTorrent represents a perfect example of expansion protocol, he could be viewing the acquisition as an example of how Cardano might yet still improve themselves.
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