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

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Tron Project Atlas

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.

Image courtesy of Pxhere.com

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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