Tron (TRX) had been making major improvements in its bid to enjoy support from the larger society. Earlier developed to be a coin for the entertainment industry, Tron (TRX) had moved out of its way to strike partnerships. In recent months, the main network was launched and closely followed by a new virtual machine.
Another major product is coming investors’ way and this might be one of the last straw’s that will break the back of accepting the coin. With concerted efforts made the CEO, Justin Sun, the Tron Foundation is happy unveil of Project Atlas. The project is a follow-up to Tron’s (TRX) recent acquisition of BitTorrent.
A Secret Project comes to Life
The Tron Foundation had earlier hinted on a secret project that was being cooked up. The crypto community is of the opinion that the masked project was none other than Project Atlas. The hint had been made during a speech delivered by Tron’s CEO, Justin Sun as event marking the coin’s independence was underway. The larger community had though this to be the touted unveil of the Tron Virtual Machine (TVM) only to be shocked with the latest trend.
What is Project Atlas?
The poser remains top on lips of most keen observers as they’re relatively unaware of its functionality. Project Atlas was meant to be Tron’s (TRX) targeted input towards upgrade of its earlier products; especially the main network. This is also meant to forge synergy with the latest acquisition, BitTorrent to facilitate decentralization of the cryptographic sphere.
The release of the project may not be unconnected with the hitches experienced in BitTorrent. It calls to mind deduced fact from Blockchain’s spearhead, Satoshi Nakamoto. He was of the opinion that cryptographic tokens are meant to have value and the latter can only be gotten from a platform that has the right number of users and architectures.
This scenario was well illustrated in BitTorrent and this might perhaps be the reason why Tron (TRX) was quick to take on the platform. Referring to Project Atlas without recognizing its relationship with BitTorrent will not suffice in better comprehension.
BitTorrent – Tron’s (TRX) Stronghold
It seemed Tron (TRX) was not yet ready for business in its initial months because investors were yet to see reasons to plunge their funds to its development. Having fraternized itself with the entertainment industry, much was left to be seen of Tron’s (TRX) to decentralize the environment.
This had necessitated its move to grab BitTorrent by the arms. Before then, BitTorrent had been mode for file distribution. Hoisted on a centralized database, the platform during its stead had offered peer transactions that allow users share files over the internet. Large data such as movies and music were shared using the platform. It had gone on to contribute over 60% of internet traffic. The protocol had concurrently served over 25 million users with about 150 million active users.
Tron (TRX) had been on the look-out for such platforms and had not hesitated in offering the deal. Though shrouded in secrecy, feelers have suggested that Tron (TRX) acquired BitTorrent for a record sum of $140 million USD. BitTorrent had on July 23 2018 hinted on Tron’s purchase of the platform.
What is the Correlation between Project Atlas and BitTorrent?
As mentioned earlier, Project Atlas was meant to be an upgrade to BitTorrent’s functionality. The latter had not fared well in terms of security and anonymous transactions. To couple this, it had not been found anywhere close to the Tron (TRX) platform since its acquisition. Hence, Project Atlas is Tron’s (TRX) calculated efforts to integrate BitTorrent in its system and also solve some issues inherent in it.
Content Sharing Ecosystem
Project Atlas set to go live on September 28 2018 will mark another feat for Tron (TRX). Before its acquisition, BitTorrent had been the brain behind uTorrent and other sharing platforms. its integration to Tron (TRX) under the auspices of Project Atlas will open new dimensions to the coin’s decentralized web and entertainment. Users can share files on peer basis and at reduced costs.
Content creators will have backing to curate contents and distribute accordingly without traditional use of intermediaries such as content distribution platforms. That has been cut out of the equation with the effective use of Tron’s (TRX) blockchain. This is clear indication that the coin’s mission to have a decentralized internet is at hand as users run the show.
Project Atlas – Decentralized Carving from BitTorrent
In a nutshell, Project Atlas is a blockchain input to what BitTorrent already was. During its stead, the latter had offered incentives and this will be backed by token-based incentives coming from the Tron (TRX) blockchain. BitTorrent’s free access to users with respect to file upload and download will be decentralized and tokens issued for such actions. Tokens are earned when a user seeds files and the longer the duration, the higher the incentive.
Why Project Atlas?
The common method of deriving incentives was to mine. Project Atlas does not require mining to earn tokens. Rather, users will seed files longer and the delegated bandwidth will be calculated to that end.
To avoid hitches, Tron (TRX) through the project introduces the backward-compatible protocol. This allows the system to function accordingly and not hitched with introduction of new systems.
A Connection worth the Pain
Tron (TRX) had, no doubt, spent some fortune to acquire BitTorrent. It however seemed the acquisition was meaningless because the protocol had not been put to effective use. The launch of Project Atlas will be the hallmark that will bring to the fore, the impressive tides a BitTorrent-acquisition will be to Tron (TRX).
Interesting features to take out of this is facilitated downloads and this can be actualized when incentives are offered to run clients for longer seed torrents. Incentives also await users when they keep seeds running after a download.
Project Atlas is impressive owing to its access to 150 million users already available on BitTorrent; a population that cuts across 130 countries and with about 335 daily accesses. Tron (TRX) will integrate BitTorrent using built-in protocols on the latter’s platform such as custom extensions and in-client token economy.
Tron (TRX) has standing reputation of the largest of decentralized networks and its new protocol, Project Atlas will go the extra mile in bringing BitTorrent to the blockchain system in addition to disrupting traditional content distribution.
Perhaps the icing on the cake is mapping of 150 million users on the hitherto BitTorrent protocol into the Tron (TRX) ecosystem. These users will benefit from token-incentives and faster transactions mapped into Project Atlas and will serve as missionaries for a Tron (TRX)-integration in other platforms.