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

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Tron TRX
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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.

Image courtesy of Maxpixel.net

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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SonicX
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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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