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Latest Tron (TRX) Crypto News on Project Atlas
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
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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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.
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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.
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