Tron’s New Project Atlas BitTorrent Movie ‘Seeding’ Set to Grow in New TRX Token Community
BitTorrent file and move distributing, ‘seeding’, is set to rise as it goes on the TRON (TRX) blockchain. This project is the first step in achieving a token economy that’s centered on content sharing.
Known as Project Atlas, the new software will incentivize BitTorrent peers, rewarding them with tokens for just dedicating bandwidth and file space on their computers to upload and seed file son the platform. The project is designed in a way that users with low computational power can connect with others and pay them to retain their clients. The tokens can be exchanged for fiat or other digital currencies or used to buy faster download speeds.
Justin Sun, the founder and CEO of TRON, noted that Project Atlas was important in overhauling sharing of files online, and that the platform would help create unrestricted peer-to-peer content sharing. In his own words, he said that:
“Project Atlas is the foundation for a new way of content distribution. We aim to eventually empower all content creators and their communities by eliminating the middleman and enabling content creators to distribute directly to users”.
New Project for BitTorrent
BitTorrent boast of more than 100 million active users, and has long used seeding to distribute content, which includes music tracks, videos, and software across its platform. Normally, the site didn’t offer any incentives for its users to seed since its inception in 2004, but it was reported that the company’s research team had started exploring blockchain to see if they could reimburse seeding content.
Now, the platform has found a great opportunity to use TRON blockchain and finally reward its users with TRX tokens for seeding. This means that movie watchers from the platform will benefit hugely from a token economy model.
TRON Blockchain Project
TRON blockchain project was launched in September 2017 in an aim to introduce a decentralized entertainment network. Since its inception, the platform has expanded its mission, offering a great user experience than other platforms. The projects CEO, Sun, even tweeted that TRX network beats Ethereum, arguing that it’s 100x faster.
Yes! Please stop deploying d-apps to Ethereum and migrate to #TRON network immediately! We are 100x faster than #ETH and fully compatible with #ethereum. We 100% guarantee better user experience! #TRX $TRX https://t.co/gRCtOC0rIS
— Justin Sun (@justinsuntron) September 24, 2018
Meanwhile, TRON recently announced that it would support the Blockchain Charity Foundation (BCF), a charity founded by Binance. The foundation uses blockchain technology to track every single donation across its supply line, right from the donor to the end beneficiary.