Connect with us

Blogs

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

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite