Tron [TRX]’s Justin Sun: 1 day left for an update on the progress of Project Atlas

Justin Sun, the CEO and Founder of Tron Foundation announced that they will be updating the community on Project Atlas on 29th September 2018. The CEO announced on Twitter:

“Update on the progress of technical application of #TRON. Please wait for the live stream at 10:00am, September 29 (SGT). See you there”

Recently, Project Lead, Justin Knoll updated the Tron community on the project. Justin Knoll said that Project Atlas is about connecting BitTorrent, world’s largest open-source ecosystem, to Tron’s blockchain. The project was unveiled by Justin Sun during the launch of the beta version of Tron Virtual Machine [TVM].

The project lead stated that the BitTorrent protocol has always had a built-in incentives system. He further stated that the team was looking at ways to add blockchain based incentives to the protocol. This effort can now be accelerated with the help of Tron expertise in the blockchain space, claimed Justin Knoll.

Furthermore, he spoke about the key feature of Project Atlas. They are:

Moreover, Justin Sun claimed that BitTorrent is the largest application on the Tron network and this, in turn, would pave the path for Tron to surpass Ethereum in terms of daily transactions. This would also allow Tron to become the most influential public blockchain in the world and would pave the path for 100+ million users of BitTorrent to hop on to the Tron ecosystem.

Justin Sun said:

“Project Atlas is the foundation for a new way of content distribution. To start, the product will feature faster downloads, more seeds, no mining, and backward compatibility. It is adapted to the world we live in today: mobile, connected, and transparent. We aim to eventually empower all content creators and their communities by eliminating the middleman and enabling content creators to distribute directly to users”

In addition, there has been a significant rise in Tron [TRX]’s price. According to CoinMarketCap, at press time, the coin was trading at $0.022 with a market cap of around $1.49 billion. The coin which is ranking at the 13th position in the cryptocurrency market has spiked by 7% in the market in the past 24 hours, placing it amongst the top gainers.