It was a great surprise when the Tron founder Justin Sun went and bought bitcoin for 140 million dollars upfront. But this was not an isolated fact, and the news today shows it. He had a clear objective by buying one of the most famous decentralized sharing protocol, and it was to combine the power of this platform with its already created cryptocurrency to make a thriving ecosystem.
The name of the game here is Project Atlas, and this is where he plans to grow a community to create a kind of marketplace where producers can pay users to share files and users will be rewarded by providing their bandwidth to peers in the network. This is all done with two objectives: making BitTorrent competitive again with the quick, proprietary streaming sites like Netflix and Hulu, that have amassed a big list of users due to its ease of use and its advantage in speed.
The BitTorrent protocol bases its distribution method on users that have already downloaded the files “seeding” for others users to complete the download of the files; but currently, as the network is today, seeding is not rewarded in any way. The seeder only does it motivated by benevolence to other users. This causes that old files that have been long shared are mostly forgotten. But by adding real tokens to the mix, seeding is now encouraged by a monetary reward, a thing that will surely contribute to the longevity of these files.
According to the statement about Project Atlas, this token earning functionality will be achieved by extending the BitTorrent protocol, and it will be backward compatible with the already existent BitTorrent files and clients. In this first phase, only desktop official clients will be compatible and third-party clients will follow suit later.
This is a major move by the Tron people, who will try to sway to their side more than 100 million BitTorrent users by giving them their first cryptocurrency just for sharing files.