Last Week in BitTorrent: Key Milestones and Growth Highlights

BitTorrent File System (BTFS) continues to demonstrate remarkable growth and expansion within the blockchain and decentralized storage ecosystem. Here's a detailed look at the significant milestones achieved recently:

1. Surge in Wallet Creations

According to the latest data from BTFS SCAN, the total number of wallets created on the BTFS platform has surpassed an impressive 442 million. This surge reflects the growing adoption of BTFS as a decentralized storage solution, as more users and developers recognize the benefits of leveraging blockchain technology for secure and efficient file storage.

Why It Matters: Each new wallet represents a user or entity engaging with the BTFS ecosystem. This widespread adoption is a testament to the platform's robustness and its appeal to a broad audience ranging from individual users to large-scale enterprises.

2. Growth in TRON-Linked BTFS Addresses

BTFS is closely integrated with the TRON blockchain, and the number of TRON addresses linked to BTFS has now exceeded 6.1 million. This milestone underscores the strong synergy between TRON and BTFS, facilitating seamless interactions within the decentralized web.

Why It Matters: The close relationship with TRON, a leading blockchain platform, enhances BTFS's capabilities and reach. This integration allows for efficient data transactions and storage solutions that leverage TRON’s high-speed network and low transaction costs.

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Cryptocurrency Market Update: Mixed Signals and Notable Movements
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The cryptocurrency market has recently presented a tapestry of mixed signals, marked by significant movements across various assets. Here’s a closer look at the latest trends and developments:
Bitcoin’s Breakthrough and Consolidation Bitcoin made headlines by breaking through the $70,000 barrier, a milestone that led to $27.75 million in liquidations. However, after facing resistance, it has since consolidated around $67,739. This recent price action highlights the ongoing volatility and the challenges Bitcoin faces in maintaining new highs.
Ethereum's Strong Upward Trend Ethereum has also been on a bullish trajectory, reaching $3,908. The approval of Ethereum ETFs has significantly boosted the market, leading to a record high in futures open interest. This indicates growing investor confidence and the potential for further gains in the near future.
#bitcoin #ethereum

BitTorrent Token (BTTC), a TRC-10 token, now thrives atop the TRON blockchain platform. Its purpose? To enhance BitTorrent's functionalities and introduce economic incentives for networking, bandwidth, and storage utilization. With BTTC, BitTorrent transcends mere file transfer, embracing a new era of decentralized economics. Join the revolution today! #HotTrends #BTTC #TRON

Anticipating BitTorrent Coin to be the next #100xgem – it surpassed a 50X rally in the previous bull run. 🚀 What are your projections for this upcoming bull run? 📈 Additionally, consider exploring $SUI, $ALT, $ARB, $MATIC, and $SHIB. #crypto #BTTC
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It's quite amusing how people, especially staunch critics, often discuss #bitcoin's hashrate and the fear of a 51% brute force attack or centralization. Some act as if a 51% attack would be a doomsday scenario, but in reality, Bitcoin is designed to make such an attack unattractive and costly, as explained in the whitepaper and foreseen by its creator.
This is evident when you compare Bitcoin's hashrate to BCH and BSV, which use the same hashing algorithm. Despite the vast difference in hashrate, these attacks rarely happen. Small public Bitcoin miners could potentially launch such an attack on BCH or BSV, but they choose not to because the cost outweighs the reward.
This assumes that attackers are rational, which they mostly are. Even nation states could sustain an attack, but they have more practical ways to influence Bitcoin without competing in hashpower. This fear is just another form of FUD that can be easily debunked with transparent data.
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