Tron (TRX) Project Atlas Details Have Community Concerned Over The Implementation
Tron has hit the crypto headlines as the most controversial currency in the industry following the recent acquisition of BitTorrent, which is among the biggest Torrents in the world. These rumors of the acquisition have been floating around the crypto world since September 2017 and have since been confirmed by the two parties involved.
BitTorrent acquisition has made Tron be the largest decentralized platform globally. Tron has been working towards making the internet decentralized. This is the same case with BitTorrent which has been making efforts to democratize the Internet.
Founder and Chief Executive Officer (CEO) for the Tron Foundation, Justin Sun said that Tron had plans to integrate with BitTorrent and launched the Project Atlas. He said this during the unveiling of the beta mode of Tron Virtual Machine. More information regarding this project was later released during the launch of TVM.
What The Acquisition Aims To Achieve
Sun continued saying the acquisition is going to propel the new ecosystem to advance global payments and help settle online products and content. The project will introduce a custom and an inclined token to achieve its goals, and eliminate the limitations inherent in the BitTorrent network.
Once the system is up and running, it is going to reward users with tokens for uploading useful content on to this platform. The system, using tokens, will encourage them to continue seeding even after completing a download. The head of the project said that users will have to use the tokens provided to them by the system only since there will be no mining.
Reactions To This Acquisition
There has been mixed reaction from different parties involved in this project. Part of the community is excited that BitTorrent is probably going to rise to the levels of Netflix while there are others who are worried on how this plan is to be executed.
It is important to note that most of the content in BitTorrent is pirated. It is for this reason that a part of the community is worried about the possible lawsuits that might face this ecosystem in the future. If for instance, the projects add any value to this content, it will definitely catch the attention of intellectual property owners leading to a barrage of law suits.
According to an anonymous contributor in Reddit, BitTorrent has for a long time manage to evade the law since its content was never sold or involved in any financial transactions. Having no added-on value made it difficult for anyone to file a law suit for property theft. If any value is added to the content on this site, it will probably attract some of the most intense property law suits ever.
The comment continues that even though the project is interesting, the two parties need to be aware of what they getting themselves into. If they fail to follow the right procedures, the organizations involve might come after them and close down the foundation entirely.
Responding to the above statements, another commentator noted that Torrents are widely used for illegal content, but also serves a useful purpose allowing open source companies to share large files saving them immensely on operational costs. The illegal content that maybe distributed on this platform has nothing too do with Tron’s Acquisition plan.
The Redditor responded saying that there is a possibility that Torrents are used for illegal stuff, but the legal aspect of it in this case will outweigh the illegal side. It will only be upon the internet with the good or the bad as well as with the memes. However, considering that this is distributed internet there will be no way of stopping the memes.
ChangeHero Instant Exchange Offering TRX For USD
If you are wondering where to buy TRX easily, cheaply and conveniently, worry no more. Tron’s public chain mainnet digital asset TRX is readily available on the crypto exchange platform ChangeHero. The exchange has officially opened TRX/USD trading channel. You can use your credit card to buy these coins directly from this exchange.
ChangeHero is among the most reliable digital coins exchange in this industry. In addition to crypto-to-crypto transactions, it also allows the use of fiat currency and credit cards and boasts being among the exchanges with the fastest assets swap. The exchange now supports more than 100 coins, digital assets and tokens, and the number is growing steadily.
Here are some of the benefits you will get from this exchange:
- Easy transaction process. Just five steps
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- High frequency near spread trading.