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The revelation of Tron secret project Atlas and the successful launch of TVM

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Following up on the assurance of releasing a secret project at the end of last month, Tron Foundation and CEO Justin Sun announced yesterday the release of the much awaited, publicised and well-kept secret system. The system is designed to fortify the foundations of Tron (TRX) and make the digital token more efficient in consideration of the new BitTorrent merger.

The entire Tron ecosystem has been eagerly awaiting the release of the secret project with many of them airing their views about the project as well.

Project Atlas is created to be an integration of the Tron platform and BitTorrent with the Tron management working tirelessly to make sure that the initial computing and updated blueprint for the next three months were complete before the announcement. Further details about when Project Atlas will be working and when it’s going to be officially launched are going to be released by the end of August.

Tron Foundation is currently exploring ways to improve BitTorrent’s protocol with the aid of Tron’s protocol with the intention to make the protocol and its operations efficient lengthening the lifespan of BitTorrent’s swarms.

Project Atlas also seeks to improve BitTorrent’s altruistic culture of being a free service provider that allows uploading, downloading, and seeding for its users. Project Atlas seeks to improve this culture by offering incentives and rewards to users who seed torrents that consent to more resources being deployed into the torrenting ecology.

The new Tron service integrated with BitTorrent will offer users global settlements and online content distribution without intermediaries or content brokers revolutionizing the entertainment industry on a worldwide scale.

BitTorrent users are expected not to see much change with the current services being offered by the p2p company as Tron (TRX) is only interested in improving the current interface to make it more rewarding to users and capable.

Tron Virtual Machine

The Tron Virtual Machine has been created as a Turing complete VM that aids in the expansion of the Tron platform. The initial release of the system intends to facilitate the global community of developers with fully customized blockchain settings that are user-friendly, efficient, easy to optimize, secure, and stable.

According to announcements made by Tron Foundation, the Virtual Machine will be fully compatible with Ethereum to add efficiency while reducing costs and tariffs.

Also, the creation and development of Decentralized applications (DApps) on the platform will be made easier with development tools such as Truffle, Remix, browser wallet plug-ins, besides, Web3.js will be more accessible to users and developers.

The more stable and final version of the VM will be released on August 30th offering more stability and security to users. In a recent blog post, Tron Foundation noted that it was going to optimize the instruction set further as the mainnet continues to take shape.

Also, as the mainnet continues to upgrade accommodating the TVM, Tron Foundation believes that more comprehensive development tools, developer team building activities and game engine building efforts will have to be deployed to ensure operations are more straightforward and easy to navigate on the powerful ecosystem.

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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

Importance of Bitcoin ETFs and Bakkt for the Crypto Space

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It is no secret that 2018 was a very bad year for cryptocurrencies, at least when it comes to prices and market cap. However, in its brighter moments, this year managed to set the stage for some very important events that are expected to make 2019 very successful and profitable. Two things have attracted the most attention, both of which were expected to occur in 2018, only to be moved for early 2019. Those two are Bitcoin ETF decision by the US SEC, and the launch of Bakkt.

What are Bakkt and Bitcoin ETFs and why are they important?

Let’s start with Bakkt first. Bakkt Exchange is a business that is set to launch at the very beginning of 2019. It is a cryptocurrency platform that is set to offer a large number of services, including things such as warehousing and trading. However, there is another thing that makes Bakkt special, and that is the fact that the exchange itself is a product of the same company that has created the New York Stock Exchange.

In addition, Bakkt will be supported by some very influential names, such as Microsoft, BCG, and even Starbucks, to name a few. Furthermore, Bakkt will support crypto-to-fiat conversions. Starbucks will actually be one of the companies that have volunteered to help test the system, as users will be able to convert crypto to USD that can then be used in Starbucks.

Bakkt exchange…

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4 Best-Performing Cryptocurrencies in the Current Bear Market

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Cryptocurrencies have been experiencing a strong return of the bearish trend for weeks now, and only now does it show signs of weakening. However, experts believe that the situation will not repair itself so easily and that prices will remain low for a certain period.

However, when bear market strikes, the sentiment gets most bearish when the trend reaches the bottom. Everyone starts selling, and while short sellers can make a profit in this situation, analysts usually warn that the sale will only knock the prices down even further. Since most of the crypto-related news is already negative at this point, such predictions often make sense.

However, there is still one thing to keep in mind, which is the fact that when downtrend enters a capitulation, that often signals that a new bottom has been found. That is the perfect time to actually go against the bearish trend, and start buying. It is also a good opportunity to abandon the coins that seem too risky, and do not seem to have that bright of a future ahead of them.

Bitcoin has dropped by 87% from its all-time high, which it hit back in January. However, the rest of the market dropped with it, and it never lost its dominance, which still remains above 50% of the total market cap. In other words, while its price may have sunk to lows that were not seen for a while now, it…

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Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

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About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the…

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