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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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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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