The CEO and co-founder of the Tron (TRX) Foundation – Justin Sun, recently updated the Tron community about the new projects of the firm, adding that the blockchain project is working towards developing a custom token that will drive the BitTorrent network. The CEO also said that the Tron Foundation would be providing users with a clear incentive to enable them to be part of the new project.
Tron successfully bought platforms such as Project Atlas and the payment service Poppy app. This means Tron’s network currently processes more than one million transactions.
Justin Sun said,
“Project Atlas will connect the Tron (TRX) blockchain network and the P2P network of BitTorrent through a series of BitTorrent protocol extensions.”
Justin brings cheer to the BitTorrent users
TRON made waves in the space of cryptocurrency and decentralized technology following its acquisition of peer to peer file-sharing giant BitTorrent. The company further committed to integrating the service on TRON’s platform via the Project Atlas initiative. Torrenting could be one way that the currency distinguishes itself further in the crowded space of cryptocurrency, but the currency does offer strong networking capacity through the Main Net platform. DApps, such as those currently featured on high profile currency Ethereum, are one of the more invigorating projects to come out of the space of crypto in the last several years.
There will also be specially created tokens for users that will let them run clients on faster networks. Hence, the torrents will be seeded for a much longer time. Furthermore, the firm also promises faster download speeds as the network will be working more efficiently.
The promise of Updates and Developments from Tron (TRX)
While the Virtual Machine of Tron (TRX) was officially released recently by the firm, there are a lot of promising and crucial developments and updates expected for the firm in the future. According to a press release by the firm, the Mainnet of Tron (TRX), which is called Odyssey 3.0, would soon release the final code for the exchangers after which wallets and nodes can be upgraded.
TRX is currently trading at $0.018885 with a total market capitalization of over $1.2 billion.