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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

Altcoins

TRON Ecosystem New Addition — CryptoDungeons

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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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Positive Crypto Price Trend Moves VeChain (VET)

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As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

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SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

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