Tron launches TVM, reveals what Project Atlas is all about 22023

Tron launched its much-awaited Tron Virtual Machine (TVM), and shared some crucial information and insights during the event. The event was majorly covered in four parts – the progress of Tron, features of TVM, details about the Project Atlas and meeting the US team.

While taking about the progress of Tron, Justin Sun, shared a few stats showing the growth of the network as compared to other cryptos. The next part about the features of the newly launched TVM was presented by the Tron Technical Lead Marcus Zhao Hong. He shared how the new TVM will allow a more decentralized governance. The key features of the TVM include – fully compatible with ETH, innovative Virtual Memory Model, unique resource management model and smart contracts will be 2B instead of 2C.

Tron’s Project Atlas

Very little was known about Project Atlas when it was first announced by Justin Sun on July 30. In this event, Sun gave more insight to it mentioning that the Project Atlas website has been launched to track progress. It will make the Tron & BitTorrent integration more visible to public.

Justin Sun noted that it is similar to the idea Santoshi Nakamoto’s Bitcoin Peer-to-Peer Electronic Cash System had on November 2, 2008. “For transferrable proof of work tokens to have value, they must have monetary value. To have monetary value, they must be transferred within a very large network- for example a file-trading network akin to BitTorrent.”

 

The Project Atlas will

try to build one of the largest networks providing faster downloading facility, more seeds and also will create a community where data can be consumed. Last part of the event was meeting the Tron US team — in this section, they mentioned about a Tron Storage Business Unit which is the original BitTorrent team and Project Atlas also forms part of this unit.

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Published on

2018-08-30 09:43:27

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Pinaz Kazi

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