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Tron CEO explains project Atlas after the TVM launch, in detail

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Tron Project Atlas
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The whole world has been anticipating and wanting some explanation concerning Tron’s new project known as Project Atlas ever since the Tron Foundation announced it.

Tron (TRX) recently launched its Virtual Machine (August 31st), and during the launch, Sun used the opportunity to explain Project Atlas to the Tron community in detail. The CEO stated that the project would help Tron network to incorporate BitTorrent at its best.

Before we dig deeper as per how Mr.Sun explained Project Atlas, it’s worth noting that the procurement of BitTorrent is now regarded as the best in the crypto world and it has been recognized by profound cryptocurrency owners and enthusiasts today.

The ‘Project Atlas’

Project Atlas is a new plan that aims to link “BitTorrent’s  p2p (peer-to-peer) network and Tron blockchain.” The project also focuses on rewarding peers that seed torrents and to create a token ecosystem that’s in-client. The project will also solve the problem of cross-border payments and content distribution.

BitTorrent announced a recent statement on the fallout of about five of its staff after its acquisition by Tron Foundation. Nevertheless, BitTorrent also added that it has increased in the number of employees and that the company is experiencing massive growth at the moment.

Subsequently, during the launch of TVM (Tron Virtual Machine), Justin stated:

after the BitTorrent acquisition, we have identified a strong work ethic that embodies the spirit of technology and innovation. Since the end of June, 16 outstanding colleagues have joined us. Half of them are former engineers at Facebook, Google, Tencent, Alibaba, Airbnb, and other top internet companies. They will work on Project Atlas.”

Moving forward, Sun stated the theory of Project Atlas from Satoshi Nakamoto’s declarations on BitTorrent acquisition as a model of his Bitcoin’s Peer to Peer Cryptography Mailing List in 2008.

The model of the Bitcoin progenitor further expatiated on the website of Project Atlas as:

For transferable proof of work tokens to have value, they must have monetary value. To have monetary value, they must be transferred within a very large network – for example a file-trading network akin to BitTorrent.”

It is important to know that Project Atlas will make use of BitTorrent’s protocol extensions together with a custom token. This system, as stated by Tron CEO, will help revolutionize the world.

Also, the ‘Project Atlas’ does not make use of a mining system or whatsoever; instead, users participate in exchanging available tokens within themselves. Concerning that, Justin said:

The Tron blockchain is safeguarded by the dedicated proof of stake system along side of the project atlas token economy.”

This secret Tron project (yes, the Foundation has had kept Project Atlas as the secret for quite sometime before its launch) will reward users just for file uploads, thus encouraging them to seed files even after they have been downloaded.  Additionally, storage space will be incorporated into the Torrent system and raise Torrent’s accessibility.

Sun further expressed that Project Atlas will be backward-compatible with all BitTorrent users.

Meanwhile, during the launch of TVM, Tron increased by 4 percent. But at the time of writing, Tron (TRX) has slipped from its NO. 12th position to 13th after being overtaken by Monero (XMR) and DASH. Currently, the coin is priced at $0.02493 despite the successful launch of its TVM.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Encrypgen
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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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