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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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