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Even Satoshi Nakamoto Approves of TRON’s (TRX) Project Atlas

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Tron

TRON (TRX) founder’s recent tweet indicates that even the mysterious creator of Bitcoin (BTC), Satoshi Nakamoto, might be willing to join in on Project Atlas.

Bitcoin’s creator predicted project Atlas

TRON’s (TRX) recent moves are seen by many as very futuristic, and Justin Sun, the TRON’s creator, has called a man ahead of his time more than once. However, even that doesn’t even begin to describe the brilliance of Sun’s recent move to fuse TRON’s technology with the recently acquired BitTorrent in order to improve the coin’s availability and expose it to a colossal number of users.

While many have seen this move as nothing than pure genius, it would seem that even the mysterious figure behind the creation of Bitcoin approves of it. In a recent tweet, Sun confirmed that Satoshi Nakamoto himself might be interested in joining the new Project Atlas. This is due to one of the statements left by Satoshi Nakamoto as far back as in 2008.

In the statement, Nakamoto said that, in order for PoW tokens to have value, they need to have monetary worth. To achieve monetary value, they have to use a large network as their means of transfer. And what network did Nakamoto propose as an example? That’s right – BitTorrent itself.

TRON enters a new era of development

When Justin Sun purchased BitTorrent for TRON a couple of weeks ago, many believed that there might be a big plan to use this technology to help advance TRON’s goals. Soon after, a secret TRON project was announced and kept hidden until only days ago, when TRON launched its Virtual Machine on July 30. Following the launch of Tron VM, the Tron Foundation revealed that the secret project is called Project Atlas, and it will use BitTorrent’s technology to bring TRON to 100 million users.

There are currently not that many details released regarding the project, but those are expected to come by the end of August 2018. What is currently known is that the combination of these technologies is supposed to increase the lifespan of BitTorrent swarms, as well as to bring additional features to BitTorrent protocol with the help of TRX’s own tech.

Additionally, the Foundation’s CEO and founder stated that TRX is now entering a completely new phase of ecosystem expansion.

This comes as only the latest one in the entire series of new developments that have been surrounding TRON in the last several weeks. The next big move that TRON is planning is setting up a new office in the territory of India.

Recently, Sun has moved his office in Beijing, but the plans did not stop there. Currently, TRON’s creator is planning a large expansion, with India being the first to get the honor of being a host to TRON’s new office. Hopefully, the Supreme Court of India will also make a decision regarding the fate of crypto exchanges within the country, which is something that a lot of crypto enthusiasts have been waiting for for a long time.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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