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Tron to Unveil More Details on Project Atlas

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.

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.

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 | TRX

Updated: Nov 25 at 4:25 am PDT
$0.02
5.74%

TRON, currently ranked #13 by market cap, is up 5.74% over the past 24 hours. TRX has a market cap of $1.49B with a 24 hour volume of $125.92M.

Chart by CryptoCompare

TRON is up 5.74% over the past 24 hours.

Cover Photo by Duangphorn Wiriya on Unsplash

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Jonnie Emsley
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Jonnie Emsley

Fintech Journalist @ CryptoSlate

Jonnie is a writer and blockchain enthusiast based in Ho Chi Minh City, Vietnam. Discovering new corners of the world and emerging tech trends makes him tick.

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