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TRON (TRX) Unveils Secret Project, Introduces Atlas

TRON (TRX)–Following up on last month’s promise of a “secret project” to be released on July 30th, founder Justin Sun and the TRON Foundation have announced Project Atlas, a system designed to strengthen the foundations of TRON and make the currency more efficient in relation to the new BitTorrent acquisition.

In June, during a live stream event to commemorate the Independence Day for TRON, Founder Justin Sun expanded upon the TRON Virtual Machine (TVM), in addition to teasing a new project announcement for July 30th. While most of the TRON community assumed the announcement would be in relation to Sun purchasing BitTorrent, thereby integrating the 100+ million users onto the TRX Main Net, news broke last week that the merger was taking place ahead of the July 30th announcement. Instead, the TRON Foundation provided a twist on the currency’s update, revealing details on Project Atlas, a program designed to improve upon the existing framework of Main Net and the cryptocurrency.

While details surrounding the project are sparse, Sun outlined on his Twitter that the new TRON protocol will work in conjunction with the BitTorrent merger, allowing a “great future for both.” In addition, the Open Letter published today to accompany the Beta Launch of the TRON Virtual Machine, states that the acquisition of BitTorrent will allow for TRON to grow exponentially in the cryptocurrency space,

“The acquisition enables TRON and BitTorrent to become the largest decentralized ecosystem in the world.”

Again, details are scant, but the aforementioned improvement to TRON’s network efficiency that Atlas will bring about likely seems tied up in improving the function of torrenting on the platform. TRON has yet to outline the exact way BitTorrent will function in conjunction with TRON’s Main Net, in addition to what the cryptocurrency plans to implement in order to scale to levels necessary to handle the volume of torrent based transactions. In a section of the letter addressing the TRON Secret Project and BitTorrent merger (which was announced last week), the TRON Foundation had this to say,

“Currently, we are exploring the possibility of using the TRON protocol to improve the BitTorrent protocol, in order to make BitTorrent protocol faster and lengthen the lifespan of BitTorrent swarms. I hope the integration of TRON and BitTorrent will allow both parties to work better as one in the future.”

TRON does mention their intention to provide incentives for network users to continue to seed files following their download, thereby infusing greater resources into the torrenting ecosystem and improving the experience and utility of the system. If nothing else, TRON intends BitTorrent to be their major differentiating factor from other network currencies on the market, while focusing on how cryptocurrency can improve the overlapping, decentralized world of torrenting,

The TRON network will serve as the underlying protocol of the Secret Project. Hundreds of millions of BT users across the globe will become a part of the TRON ecosystem. BT will be the largest application on the TRON network, which will allow TRON surpass Ethereum on daily transactions and become the most influential public blockchain in the world.

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uTorrent Bids to Become a TRON (TRX) Super Representative

µtorrent, one of the most important and famous BitTorrent clients around the world has recently announced its decision to apply for TRON (TRX) super representative.

TRON TRX BitTorrent Justin SunThe election of a super representative is of vital importance for the Tron network, as the future governance of the blockchain will depend on them. Likewise, it also represents an excellent opportunity for the postulates since in case of obtaining this privilege, the profits from the DpoS algorithm are extremely attractive for any interested party.

All Super Representatives will be elected by the community. In this way, acts of corruption or abuse of power at the time of elections are avoided. In this regard, Justin Sun states that according to his vision, the process of choosing super representatives, beyond being a convenient solution in the technical aspect, also has a strong philosophical component https://medium.com/tron-foundation/letter-to-the-tron-community-on-super-representative-elections-96f7ae205c00:

“I have always believed deeply in the values of sovereignty of the people, and natural rights of the people. In the cryptocurrency world, we’re talking about the sovereignty of the token; the natural rights of the token! Each token is of vital importance, as they are the keys to decentralizing network power.”

In the same letter, he announced that he would run for super representative too, under the same conditions as any other competitor.

In a post on the Tron Foundation’s official blog, it was announced on July 25 that µTorrent is bidding to become a TRON Super Representative. According to the Tron Foundation, “µTorrent shares the same values and vision with another super representative candidate, BitTorrent.”

It is important to note that not only did BitTorrent apply for super representative, but it was recently acquired by Justin Sun. The reason has not yet been officially announced.

The Tron team comments that µTorrent already has a robust infrastructure and a massive worldwide user base. This gives it a high level of credibility and popularity in the voting process.

Among the postulates to Super Representatives are great figures of the crypto sphere such as Justin Sun, BitTorrent, µTorrent, Antpool, BTCC Pool, Genesis Capital, Ok Blockchain Capital (OkEX) among many others.

Justin Sun is working hard to meet Tron’s roadmap deadlines without losing the quality of the blockchain. His high level of interaction with the community has made Tron (TRX) one of the most popular cryptos right now.

Likewise, it is important to point out that a few days ago he commented that at the end of this month he would make an important announcement that has been kept secret until now.

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Justin Sun Officially Adds 100 Million BitTorrent Users To Tron (TRX) Ecosystem

No doubt, Tron (TRX) is one big coin that cannot be rubbished in the cryptocurrency space. After Justin Sun announced that Tron would be moved out of Ethereum Network, the cryptocurrency war lord, declared on the go that there is going to be a huge competition between the two altcoins, like that which existed between Moses and Pharaoh.

Today, in a letter sent to the community, it was officially announced that the Tron has acquired BitTorrent in a bid to make its ecosystem stand out.

Justin Sun said BitTorrent and BitTorrent products are solely Tron’s property, creating euphoria in the community.

“From this day on, BitTorrent, whose software has been installed on billions of user devices, will become part of the TRON ecosystem, making TRON the largest decentralized Internet ecosystem in the world,” he said.

He declared that every BitTorrent user and supporter are now part of the TRON family, and so, 100 Million BitTorrent Users are now added to Tron (TRX) Ecosystem.

He maintained that anybody who have used the BitTorrent protocol, built their business on the protocol, or otherwise benefited from the protocol are now part of the TRON family.

BitTorrenct protocol, a file sharing communications protocol based on a p2p network was founded in 2001.

Before blockchain technology became prominent, BitTorrent has been regarded as the first decentralized Internet protocol with large-scale global application.

Talking about the decentralized personality of BitTorrent, Justin Sun said:

“Even today, the BitTorrent protocol retains its status as the world’s largest decentralized protocol, once transmitting 40% of daily Internet traffic. BitTorrent created and shaped the protocol, with 70% of BitTorrent users using the product. The company aims to decentralize the Web by promoting and further developing the BitTorrent protocol.”

The letter reads that BitTorrent gave birth to the decentralization movement, saying “Developers, entrepreneurs, and the decentralized Web community regard BitTorrent as the original pioneers of decentralization technology. It is the foundation of an open, transparent, shared Internet protocol.”

The latest acquisition signals that TRON’s “All-In Decentralization” agenda is heading towards fruition since the two platform which has now become one share the same vision for a decentralized Web.

Sun said he understands that BitTorrent will become more decentralized and gain a new life after integrating into the TRON ecosystem.

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One Week Away from TRON (TRX) ‘Secret Project’ Announcement

TRON (TRX)–On July 30th, TRON will reveal its long-anticipated ‘secret project’ that will mark the next step in TRX growth and innovation.

In June, during a celebration live-stream to commemorate TRON’s Independence Day (the official diversion of the TRX genesis block away from its ERC-20 roots), Justin Sun tantalized fans and investors with news of a ‘secret project’ that would be coming at the end of July. While the conversation was framed in praising the TRON development team for delivering on its promises and meeting deadlines, Sun also touted July 30th as a substantial date in the growth of the TRX currency.

“I think one of the most important values of Tron is we delivering our products and mission on time. So as you see, we delivered our testnet on the March 31st, our mainnet on may 31st, and officially are launching our mainnet on June 25th. The next very important milestone is July 30th- we will deliver our official virtual machine. All the decentralised exchanges and applications on the Tron platform are plugged into the Tron ecosystem. July 30th we will launch one of our secret projects

Much like the Exodus update in March, which saw the launch of TRON’s test net, and the official release of Main Net in June, TRON has been characteristically prompt on achieving deadlines and following through with development outlines. TRON Virtual Machine, which Sun mentioned would accompany the release of the mysterious project news, first saw its alpha version launch on May 25th, just days ahead of Main Net. TVM, which the TRON Foundation has described as a “cornerstone of [the] TRON ecosystem,” will provide a protocol for user-friendly blockchain generation that will drive new coin creation on the TRON Main Net and paving the way for smart contracts (in addition to contributing to the TRX coin burn system).

TRON Virtual Machine (TVM), is a lightweight, Turing complete virtual machine developed for Tron’s ecosystem, aimed at providing millions of global developers with custom-built blockchain system which is efficient, convenient, stable, secure and scalable.

While Sun has been quiet on any hints surrounding the TRX-based secret project to be announced next week, there are a few avenues worth speculating. The most obvious concerns the high profile purchase of BitTorrent for $140 million by Justin Sun, a deal that started at the beginning of the year and was only finalized last month.

While it’s possible Sun’s intends to keep the 170+ million BitTorrent user-base separate from TRON, it seems more likely that the outspoken founder will find a way to integrate the service onto Main Net. Monday’s reveal could be information on the merger of the two products, or at least the introduction of torrenting or torrenting-like features onto TRON’s recently established network. Keep in mind that Sun, the TRON Foundation and TRON whitepaper have outlined the currency as a technology to disrupt the modern entertainment industry. While the roots of such a claim are not in the malicious pirating of media, it could still find substance in the peer to peer file sharing function of torrenting, as well as providing immediate use for participants on TRON’s network.

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What Could a BitTorrent Merger Mean for TRON (TRX)?

TRON (TRX)–On Monday, Variety broke the news that TRON founder Justin Sun had finalized his purchase of BitTorrent Inc., the parent company behind popular torrenting platform BitTorrent. While Sun has yet to make an official comment upon the purchase, or even hint that torrenting may find its way to TRON’s newly launched Main Net platform, it’s more than plausible at this point to assume some crossover of the two is imminent.

Let’s look at some of the facts. News of Justin Sun purchasing BitTorrent dates all the way back to January 2018 (including a lawsuit against the parent company over allegations of foul play), which occurred just as TRX was reaching a 20 billion USD market capitalization and an all time high in pricing. Given the outspoken nature of Sun, it’s possible this was another marketing stunt to draw greater attention to TRON, thereby pumping the value of both entities. It’s also possible that the founder was looking to pivot at the top, selling out his position in TRX at a peak to move into a more stable position through torrenting. However, Sun’s multi-billion TRX stake in TRON is supposedly locked alongside that of the TRON Foundation, to be spent only on maneuvers like Project Genesis, a 2 billion USD fund for Main Net development and incentives.

Therefore, it seems unlikely that Sun would have cashed out in January, despite allegations of doing so, to purchase BitTorrent. Instead, he likely saw an opportunity in the torrenting client that would pair with the coming implementation of TRON’s Main Net. Remember that TRON, unlike other transaction-based currencies such as Bitcoin and Ripple, is attempting to build a platform to reinvent the digital landscape of entertainment media. Torrenting is one avenue the company could pursue (in conjunction with the already established partnership through Game.com). The utility of TRX on Main Net makes the coin a likely companion to torrenting.

The decentralized ethos of cryptocurrency has always held a fair amount overlap with that of peer to peer file sharing through torrents. TRON, with the advent of Main Net, has established a platform that is capable of handling 10,000+ transactions per second. In addition, transactions consume a minuscule 0.00001 TRX, meaning an entire lifetime of TRON-based transactions could be paid for with a single token. It’s possible that Justin Sun could be gearing up for the introduction of torrenting on Main Net, via the BitTorrent client, that uses TRX micropayments as a form of delivery. While the service would be an added layer over the current free iteration of the BitTorrent client, it could come with the added benefit of cryptocurrency to entice a larger user base.

At the very least, BitTorrent would drive the sort of attention that TRON is desperately in need of following the post-hype period of Main Net launch. TRON was able to successfully transition away from the crowded ERC-20 space on Ethereum’s network, but has yet to experience the price appreciation that would accompany such a significant step forward for the currency. While the entire cryptomarket has been in decline over the last two weeks, TRON has barely appreciated a percentage point following the official launch of Main Net. News of a merger between TRON and BitTorrent would reinvigorate investor interest in addition to building upon the confidence inspired by community projects like Genesis. Sun and the TRON Foundation could be waiting for the opportune moment to announce such a partnership. But for now, the investor base is left waiting on news of the TRX founder’s most recent acquisition.