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Latest Tron (TRX) Crypto News on Project Atlas

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Tron Crypto News
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Back in mid-June, news spread like wildfire that Justin Sun and the Tron Foundation had officially acquired the peer-to-peer file sharing platform of BitTorrent. The details of how Justin and the team at Tron were going to integrated the platform and its 150 Million users, was not yet known at that time.

What was known was that BitTorrent was key to decentralizing the web according to Justin’s vision as outlined in the Tron Whitepaper. Some fans had even noted that BitTorrent had been mentioned eight times on the document.

The Revelation of Project Atlas

At the end of July this year, Justin and his team unveiled Project Atlas that would kick-start the integration of the BitTorrent platform onto the Tron Ecosystem. Since then, the team has updated continuously on the secret project including during the Tron Virtual Machine (TVM) launch on the 31st of August.

How BitTorrent will Work on the Tron Blockchain

Project Atlas is meant to usher in a new era of content distribution. By using the BitTorrent protocol extension, a custom token, and an in-client token economy to address existing limitations, the team aims at changing how users can exchange value for computer resources on a global scale. The BitTorrent protocol has always had a system to incentivize users, and the Tron blockchain provides a gateway on how to do it.

Justin Sun would further explain the project as follows:

Project Atlas is the foundation for a new way of content distribution. To start, the product will feature faster downloads, more seeds, no mining, and backward compatibility. It is adapted to the world we live in today: mobile, connected, and transparent. We aim to eventually empower all content creators and their communities by eliminating the middleman and enabling content creators to distribute directly to users.

Users will have the option of providing tokens to uploaders in exchange for faster download speeds. BitTorrent peers will be able to offer tokens to incentivize other users to run clients on faster networks and to seed torrents for more extended periods. This will lead to better swarm longevity and faster download speeds for all swarm participants.

Users will also be able to earn tokens for continuing to seed files after a download is complete. That then means the token economy will be based on resources provided and not mining.

Justin Knoll, Project Atlas Lead, explained this further: 

Project Atlas is an evolution of torrent technology, not a revolution. With TRON’s blockchain expertise, our growing development team of seven people expects to ship the first features in the coming month.

The Tron Foundation and BitTorrent will be sharing more information about Project Atlas in the coming days and weeks. The first of these events will be on the 28th of September, 7 pm, PST. The livestream will be available on the Tron Foundation twitter page.

In conclusion, this new development has provided the much-needed clarity as to whether TRX will be used inside the BitTorrent protocol. With a custom token to fuel operations on the BitTorrent protocol, this then means it will be created on the Tron network and through the different incentives of Project Atlas, users can accumulate these tokens.

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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 rawpixel on Unsplash

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

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Aluna.Social
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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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CoinFlip
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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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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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