Tron is pulling back the curtain on its secret project, revealing for the first time what it plans to do with its $100+ million acquisition of BitTorrent.
Tron founder Justin Sun says the Tron protocol will likely be integrated directly into the file-sharing platform in an effort called Project Atlas.
“Currently we are exploring the possibility of using the Tron protocol to improve the BitTorrent protocol, in order to make the BitTorrent protocol faster… I hope the integration of Tron and BitTorrent will allow both parties to work better as one in the future.”
Sun says this can be accomplished by rewarding users who share files on the BitTorrent network, presumably by giving them TRX tokens in return for making the network stronger.
“At this point, there is no incentive for peers who have completed downloading to continue to seed. We intend to extend the rewards to peers who seed torrents, infusing more resources into the current ecosystem.”
According to Sun, BitTorrent can fuel Tron’s goals of becoming a decentralized hub for digital content creators and help the platform rival Ethereum in daily transactions.
“Hundreds of millions of BT users across the globe will become part of the Tron ecosystem. BitTorrent will be the largest application on the Tron network, which will allow Tron to pass Ethereum on daily transactions and become the most influential public chain in the world.
The integration of BitTorrent and Tron will offer new possibilities to global payment and settlement of the Tron online content. The creators of this content will reach hundreds of millions of global users through this decentralized network without intermediaries…
For BitTorrent users, Project Atlas is only going to strengthen the current BitTorrent protocol and make it stronger and more competent.”
Join us on Telegram
Sun stressed that cryptocurrency mining will not be integrated into BitTorrent.
Today, Tron also released the beta version of its virtual machine, which will give developers the tools needed to create smart contracts and decentralized apps.
The virtual machine will be tested by the community throughout the next month, with the final release expected to launch on August 30th.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
Check Out the Latest Headlines
The post Tron (TRX) Reveals Secret Crypto Project and Big Plans for BitTorrent appeared first on The Daily Hodl.