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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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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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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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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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