What is Project Atlas? Justin Sun Reveals Details of New Tokenized BitTorrent Platform on Tron 🚨 This article is 6 years old...
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What is Project Atlas? Justin Sun Reveals Details of New Tokenized BitTorrent Platform on Tron
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Updated: Nov. 7, 2019 at 2:31 am UTC
Photo by Andrew Neel on Unsplash
Tron CEO Justin Sun recently revealed details of Tron’s highly anticipated “secret project” at the Tron Virtual Machine launch Aug. 31, officially announcing Project Atlas. The new project will see the Tron blockchain integrate with the recently acquired BitTorrent platform.
Project Atlas is set to connect BitTorrent’s peer-to-peer network with Tron’s blockchain, establishing an in-client token economy intended to develop a new “borderless economy” that aims to address the issues presented by the current BitTorrent technology paradigm content distribution models.
#ProjectAtlas–the project that will connect the BitTorrent peer-to-peer network and #TRON's blockchain. Want to know more? Check out the details on our new site! Sign up for the newsletter to receive the latest updates. https://t.co/NYp5toHBtR @BitTorrent @justinsuntron pic.twitter.com/1KluNXSPzk
— TRON Foundation (@Tronfoundation) August 30, 2018
Tron Tokenizes Torrents
During an in-depth breakdown of Project Atlas at the Tron Virtual Machine launch, Sun revealed the specifics of the new BitTorrent initiative. Using a set of BitTorrent protocol extensions, Project Atlas will incentivize active participation in BitTorrent content distribution by rewarding users that seed torrents with tokens.
Users are also able to contribute to the Project Atlas ecosystem by infusing both storage and bandwidth, enhancing torrent availability and lifespan. The core concept of Project Atlas, according to Sun, draws from Satoshi Nakamoto’s statements regarding the value of transferable proof-of-work tokens published in the Cryptography Mailing List in 2008. The pseudonymous Bitcoin progenitor stated that PoW tokens must leverage the network effects of a large-scale network, such as a “file-trading network akin to BitTorrent.”
In his Project Atlas architecture explanation, Sun noted that a new custom token will address the existing limitations of the BitTorrent network, allowing the platform’s 100 million users to exchange value in an entirely new manner on a global scale.
Interestingly, the Project Atlas ecosystem does not integrate mining. Users participating in the Project Atlas ecosystem exchange tokens with one another on the basis of sources provided. The Project Atlas platform is also backward-compatible with all BitTorrent clients in use today.
Tron Development Surges Forward
In addition to the announcement of Project Atlas, Tron has announced the launch of the platform’s Virtual Machine which, according to Sun, could potentially see Tron capacity increased to more than 1 million transactions in one day.
#TRON CTO, Lucien demonstrated the relations between application scenarios and technology calling of the developer tools and the relations between the tools and #TVM. Developers will clearly know how to use the tools, so that they can develop their own DApps more easily. #TRX pic.twitter.com/aMoOtTBB09
— Justin Sun (@justinsuntron) August 30, 2018
The Tron Virtual Machine, according to Sun, is compatible with the virtual machines employed by other blockchain networks, such as Ethereum. While Tron has not yet announced an official launch date for Project Atlas, the release of a new suite of Tron development tools—TronLink, Tron Remix, TronWeb and TronTruffle—is set to accelerate the progress at which the Tron network is growing.
TRON Market Data
At the time of press 2:31 am UTC on Nov. 7, 2019, TRON is ranked #11 by market cap and the price is down 3.51% over the past 24 hours. TRON has a market capitalization of $1.64 billion with a 24-hour trading volume of $839.37 million. Learn more about TRON ›
Crypto Market Summary
At the time of press 2:31 am UTC on Nov. 7, 2019, the total crypto market is valued at at $213.08 billion with a 24-hour volume of $82.71 billion. Bitcoin dominance is currently at 58.64%. Learn more about the crypto market ›
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Justin Sun has carved a name for himself as a leading figure in the blockchain sector.