The Tron Foundation continues to further their ambitious goals with the introduction of the BitTorrent Token. This new token is the first step towards TRON’s (TRX) recently vaunted ‘Project Atlas,’ a coupling of TRON technology and BitTorrent’s massive file-sharing network. The BitTorrent Token, or BTT, will be used within the network to pay for faster download speeds – and as an incentive for users to host files. Further, the token will be the TRC-10 standard, built on TRON’s blockchain – with off-chain exchanges for high volume private ledgers.
The initial news of TRON’s purchase of the BitTorrent software raised eyebrows across the industry. Over time, their plan became clearer – and investors grew eager for the ultimate product. Justin Sun, the founder and spokesperson for TRON, is well known for big promises and a myriad of announcements. His constant hype-man persona is backed by major accomplishments. Once dismissed as unrealistic and overly ambitious, TRON nonetheless powered through and delivered on the first steps of their roadmap.
The acquisition of BitTorrent allowed TRON to embark on Project Atlas. The Tron Foundation’s roadmap is clear on what they intend to create – a completely new form of Internet powered by Tronix technology. Decentralized and decoupled from outside control, Tron’s vision for the “Internet 3.0” is beginning with BitTorrent. The BitTorrent Token will allow them to create a monetized ecosystem for file sharing. BitTorrent already makes up a large portion of total data transfer on the net – introducing a payment system may well create an entirely new market.
Key to Project Atlas is injecting TRON technology into the BitTorrent system. The system is an efficient means of transfer, but TRON’s much touted transaction speed could boost the speed considerably. It’s this boost that Project Atlas depends upon – the new, higher BitTorrent speed would be a ‘premium’ service. As such, Tronix can charge a fee for usage in the form of the new BitTorrent token.
Tron’s Recent Market Performance
The cryptocurrency market may finally be pulling out of an extended nose dive, but one token recently stood out from the rest. While most cryptocurrencies are still seeing price volatility, TRX has shown steady growth throughout the past month and a half. Their continued project success clearly resonates with investors in a field where live products are still sparse.
While the Tron Foundation may never succeed in completely recreating the Internet, recent performance suggests that they may not have to. If each individual component of their overall goal succeeds as well as Project Atlas is poised to do, they will increasingly dominate the market.
Article By: Adam Stone