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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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