New TRON Project Atlas Updates Revealed in Latest TRX Coin Interview
At the start of 2018, TRON bought BitTorrent and they shortly after launched Project Atlas. The aim of this project is to decentralize the internet. TRON plans to discuss P2P content distribution during the Hard Fork Decentralization, which will take place in a few days. As a build-up to the event, they recently had a sit-down with TheNextWeb where they discussed Project Atlas.
TRON answered why it paid $126 million for BitTorrent and not any other P2P provider. They said it was because they share a similar vision with them. The content was increasingly being walled off on YouTube, Netflix, and elsewhere. However, TRON and BitTorrent both believe the internet should not be under central control. They share a common belief that content should be placed back in the hands of the masses in a borderless economy.
How The Deal Came About
Before the purchase, BitTorrent was seeking ways to incentivize users. The chance to team up with TRON came at an opportune time. They were able to combine a working P2P platform with blockchain tech to give creators of content the ability to distribute content to users. As a result, they have gotten rid of intermediaries who control what is seen and how much can be made.
Dealing With Scalability
Project Atlas will entail moving the 100 million users of BitTorrent to the TRON network. However, the blockchain often faces issues with scalability. However, TRON does not believe there is a limit to the people who can be on the blockchain. The main issues would be transaction speed. However, TRON has already displayed that their TPS has superior speed than most other networks. They said that they were working on serious R&D and are sure they could handle any new capacity added to TRON.
How To Remain Decentralized
TRON values decentralization and this will not change when they integrate BitTorrent. The entire team of TRON globally understands this. They are working to ensure it does not change. On the technical aspect of things, they will use Designated Proof of Stake, which lets superdelegates and users to monitor the community despite the size. This will ensure TRON is always decentralized.
TRON is actively working to ensure more companies and people join the governance team. They already have the TRON Accelerator program, funded to the tune of $1 million. The program is meant to ensure that TRON will always be decentralized. It will also ensure that the developer community can always contribute to it.
The Role Of The TRX Token
The TRX will play a crucial role in the integration of TRON and BitTorrent. In the coming months, TRON has promised to release more on the issues. The idea is that the token will be used to encourage users to seed more content. Thus, they will create an economy of services and goods inside the network. It will even be possible to withdraw funds. However, this will not be the only way TRX is used inside the integrated network. More will be revealed later.