Since the last time the Tron Foundation announced the Tron news project Atlas, people have always attached great importance to this mysterious project and hope to get more relevant information.
Tron (TRX) recently launched a virtual machine (August 31), during which Sun used this opportunity to explain Project Atlas to the Tron coin community in detail. The CEO said the project will help Tron Networks bring BitTorrent to its best.
According to Tron chart, during the TVM launch, Tron grew by 4%. Currently, despite the successful launch of its TVM, the coin is priced at $0.02493.
Before we delve into how Mr. Sun explained Project Atlas, it's worth noting that BitTorrent's acquisition is now considered the best in the encryption world, and it has been recognized by deep cryptocurrency owners and enthusiasts.
Tron project Atlas is a new program designed to link BitTorrent's p2p (peer-to-peer) network to the Tron blockchain. The project also focuses on rewarding seed torrents and creating a client's token ecosystem. The project will also address cross-border payments and content distribution issues.
According to Sun, the core concept of Project Atlas comes from Satoshi Nakamoto's statement about the value of a transferable work certificate issued in the 2008 cryptographic mailing list. The pseudonym Bitcoin ancestors claim that PoW tokens must take advantage of the large-scale network of networks, such as "similar to BitTorrent's file transaction network."
In his Project Atlas architecture explanation, Sun pointed out that the new custom token will address the existing limitations of the BitTorrent network, allowing the platform's 100 million users to exchange value in a whole new way around the world.
BitTorrent recently announced a statement that included the impact of about five employees after the Tron Foundation's acquisition. Despite this, BitTorrent added that its number of employees has increased and that the company is currently experiencing massive growth.
Subsequently, during the launch of TVM (Tron Virtual Machine), Justin said:
“After the acquisition of BitTorrent, we found a strong professional ethic that reflects the spirit of technology and innovation. Since the end of June, 16 outstanding colleagues have joined us. Half of them are Facebook, Google, Tencent, Alibaba, Airbnb. And former engineers of other top Internet companies. They will work at Project Atlas."
The model of the Bitcoin ancestor is further elaborated on the Project Atlas website as follows:
“For transferable work tokens to prove value, they must have a monetary value. In order to obtain monetary value, they must be transferred over a very large network – for example, a file exchange network similar to BitTorrent.”
It's important to know that Project Atlas will use BitTorrent's protocol extensions and custom tokens. As Tron CEO said, the system will help revolutionize the world.
In addition, Project Atlas does not use mining systems or any other system; instead, users participate in exchanging available tokens. In this regard, Justin said:
“The Tron blockchain is protected by a proprietary equity certification system on the economic side of the project's atlas.”
This secret Tron project (yes, the Foundation has kept Project Atlas as a secret for a long time before launch) will reward users just to upload files, encouraging them to seed the files even after downloading. In addition, storage space will be integrated into the Torrent system and enhance Torrent's accessibility.
Finally, Sun further stated that Project Atlas will be backward compatible with all BitTorrent users.