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

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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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