Tron to Unveil More Details on Project Atlas 🚨 This article is 6 years old...
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Tron to Unveil More Details on Project Atlas
2 min read
Updated: Nov. 25, 2019 at 4:25 am UTC
Photo by Duangphorn Wiriya on Unsplash
Tron will be lifting the lid on its once-enigmatic Project Atlas on Friday, Sept. 28th, giving detail on how its integration of BitTorrent into their recently debuted blockchain will create a “borderless economy” with more than a hundred million users, a press release states.
We will go live this Friday (Sep. 28) at 7 PM San Francisco time! On the agenda: update on our latest progress, exclusive info about #ProjectAtlas, dApps presentation and more exciting projects we are working on. ✍️ Name a #TRON dApp you would like to see during the live! $TRX
— Justin Sun (@justinsuntron) September 26, 2018
In addition to stirring up the Tron community, the news would vindicate the ambitions of CEO Justin Sun, who in late July unveiled and trumpeted Project Atlas as delivering the coup de grâce to Ethereum–evidently Tron’s self-imposed adversary.
#TRX $TRX The revelation of #TRON secret project Atlas and the successful launch of #TVM. https://t.co/9u7mkQ4GB0 pic.twitter.com/FNpttbwjPG
— Justin Sun (@justinsuntron) August 2, 2018
It would seem such comparisons have dissolved over time, however, as the project’s purpose takes shape in the public eye. Touted as the next paradigm of torrent technology, Project Atlas ultimately aims to make for faster, more efficient, and crucially, tokenized, content distribution.
Sun explained:
“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.”
According to the company’s press release, Atlas will see a fully fledged tokenized economy manifested within the BitTorrent ecosystem, with users transacting in TRX for a range of tasks integral to the platform’s operation–purchasing faster download speeds, or earning tokens for seeding after a file’s download, for instance.
The project’s lead, Justin Knoll, insisted Atlas is not so much an attempt to rewrite the rulebook as it is a logical evolution of peer-to-peer content distribution. He noted:
“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 months.”
Whatever overhaul Atlas amounts to, BitTorrent purists can rest easy. Tron claimed that all torrent products will remain free of charge and that the platform will retain functionality without the exchange of tokens.
TRON Market Data
At the time of press 4:25 am UTC on Nov. 25, 2019, TRON is ranked #13 by market cap and the price is up 5.74% over the past 24 hours. TRON has a market capitalization of $1.49 billion with a 24-hour trading volume of $125.92 million. Learn more about TRON ›
Crypto Market Summary
At the time of press 4:25 am UTC on Nov. 25, 2019, the total crypto market is valued at at $223.68 billion with a 24-hour volume of $15.9 billion. Bitcoin dominance is currently at 51.66%. Learn more about the crypto market ›
