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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.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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…

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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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