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TRON sheds more light on BitTorrent integration with TRX - Global Coin Report
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TRON sheds more light on BitTorrent integration with TRX

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Tron (TRX) made a huge step in expanding its network by acquiring BitTorrent in July. Since then, everything has been underneath if we talk about official declarations. But now, for the first time, the foundation has unveiled a master plan of building a trusted decentralized internet.

Project Atlas is a detailed summary of the firm plans that will flag the future of content issuance. In other words, the project describes how the two systems will combine to create a content sharing platform. The system created will use TRON tokens as the native currency.

According to Justin Sun, CEO of Tron, the Tron protocol will be merged into the file-sharing platform. The features of the product will have no mining, backward compatibility, faster downloads, and more seeds.

The ultimate goal of the project is to allow all content creators and their followers connect directly, and eliminate third-party (mediators). In the end, content creators will distribute content to users directly.

How Will “Project Atlas” Function?

At the start of “Project Atlas,” BitTorrent peers will spend tokens to motivate users to obtain special services and features. Some of which include faster downloading speed. Other activities like seeding downloads that support the ecosystem will be paid with TRX tokens.

For subscribers who are interested in mining, TRON (TRX) utilizes a Delegated Proof of Stake system. That means users who take part will exchange tokens based on resources provided not mining.

On the other hand, BitTorrent is bringing out the features as a set of backward-compatible protocol add-on. In other words, torrent clients will pursue working flawlessly regardless of if a user decided to download or seed/from the new generation of the user or if a subscriber is operating a torrent system other than BitTorrent or uTorrent.

Still, BitTorrent will apply this evolution of the protocol on both desktop and mobile versions. Later, it will explain the performance to the developer community and encourage other torrent followers to follow the lead and enhance the infrastructure for everyone. The company will, however, continue offering services at no cost. Today, Justin tweeted a video too, which highlights all that Project Atlas is after, nicely.

Subsequently, a more thorough explanation of the latest features meant for the network will be live in a Youtube presentation scheduled on 28th September.

Can Blockchain Revolutionize Content Distribution?

The affiliation of TRON and BitTorrent together with other blockchain-based content distribution infrastructure has been termed as an avenue that will modify the way that various forms of media are today consumed and paid for.

For instance, a good number of decentralized streaming services are emerging just like platforms that pay users with tokens in exchange for using the content. ”Bitcache,” Kim Dotcom’s business will mesh Bitcoin micropayments that will facilitate users to share content with one another; Ta Ta Tu refunds its users for the content they use.

In summary, Tron is optimistic to benefit from the integration of more than 100 million subscribers the torrent platform, BitTorrent, boasts.

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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.

Photo by Hermes Rivera on Unsplash

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Top 4 Cryptocurrencies to Bet on in 2019

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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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