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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TRON Partnership Involves Cloud Computing
It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.
— Justin Sun (@justinsuntron) October 12, 2018
Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.
Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.
However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.
Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?
Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.
It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.
The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.
China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.
Furthermore, the country has adopted several…
Ravencoin (RVN) Surges Following Binance Listing
While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.
Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.
Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.
Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.
Ravencoin got listed on Binance prior to MainNet launch
Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.
Getting listed on Binance has brought Ravencoin to the top…
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