Tron [TRX] one of the best altcoins in the cryptocurrency market, has recorded an increase of over 18% in the last 7 days. The coin sees the positive side immediately after Justin Sun, CEO and founder of Tron Foundation, launched the Tron Virtual Machine.
According to CoinMarketCap, at the time of printing, the currency was trading at $ 0.025 with a market capitalization of over $ 1.67 billion. The currency has risen by over 2% in the last 24 hours.
This marks the currency as one of the altcoins that has gained more in the last 7 days alongside NEO, EOS, Monero [XMR] IOTA [MIOTA] DASH and Vechain [VET] among the top 20 coins in the cryptocurrency market .
This is the exact moment when the entire community of Tron waited together with the launch of TVM and further insights on Project Atlas.
The Tron The Foundation worked to improve the Tron ecosystem. The main objective of the Foundation was to "decentralize the Web". Furthermore, Tron acquired BitTorrent, the largest torrent platform in the world.
The case of use of BitTorrent was also indicated by Satoshi Nakamoto, the creator of Bitcoin [BTC]. Satoshi had mentioned this as an example in one of his Bitcoin mailing lists and is now visible on the Atlas BitTorrent Project web portal. Also Charles Hoskinson, the founder of Cardano and IOHK spoke about the case of use of BitTorrent. He stated that BitTorrent is one of the examples for the resizing protocol.
The Project Atlas was released to integrate BitTorrent and Tron. The main agenda of the project is to increase the life span of the torrent swarms and make it faster. The integration will be added to the payment and settlement of online content globally. Furthermore, the project will not be associated with mining projects and users will have to interact with the resources provided to them.
In addition, Justin Sun states that Tron will surpass Ethereum. The TVM launched by the platform is completely compatible with the Ethereum Virtual Machine. The Virtual Machine features will be launched by the 27 elected Super Representatives.
To launch the TVM function, an SR must first make the proposal that must be signed by all SRs. This will require the vote from 2/3 of the Super Representatives to make the proposal considered valid, otherwise it will be considered invalid. According to the Foundation, these representatives will represent the community has a whole.
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