2018-8-3 19:46 |
Last week Unhashed covered a story that the TRON Foundation had acquired the popular peer-to-peer (P2P) file sharing program BitTorrent. TRON Founder Justin Sun announced in a blog post following the purchase that BitTorrent would be assimilated into the TRON ecosystem, “making TRON the largest decentralized Internet ecosystem in the world.” Interestingly, in a series of emails dating back to 2008 that have now been published, it has been revealed that the mysterious creator of Bitcoin, Satoshi Nakamoto, also had expressed interest in BitTorrent, describing what now almost sounds like a shared vision for a future that Justin Sun is now realizing.
Let’s go back to 2008, where over the course of 34 emails, Nakamoto writes about his early plans for Bitcoin, which he described as “a purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without the burdens of going through a financial institution.”
Nakamoto makes several references to peer-to-peer file sharing networks like BitTorrent throughout the series of emails as an example of a network Bitcoin could model itself after to help scale and provide monetary value to the Bitcoin token.
“For transferable 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…”
One cannot help but feel as if they are digging back into history reading these early emails, almost like they are reading the founding documents of the birth of a nation. Its fascinating seeing Satoshi express his already clear understanding of the need for a decentralized monetary network in order to truly protect itself from government intervention.
“Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.”
Fast-forward to today, and TRON’s Justin Sun appears to be taking the next steps in fully realizing Nakamoto’s vision. TRON spent over $100 million to acquire BitTorrent, and Sun has now revealed plans for a file protocol for integrating TRON directly into BitTorrent through what is being called ‘Project Atlas’.
“Currently we are exploring the possibility of using the Tron protocol to improve the BitTorrent protocol, in order to make the BitTorrent protocol faster… I hope the integration of Tron and BitTorrent will allow both parties to work better as one in the future.”
It appears that BitTorrent will be entering into a new age where users will receive token rewards in the future for sharing content and strengthening the network. “At this point, there is no incentive for peers who have completed downloading to continue to seed,” said Sun. “We intend to extend the rewards to peers who seed torrents, infusing more resources into the current ecosystem.” Sun has expressed his belief that through the marriage of TRON and BitTorrent he can create a decentralized hub for content creators that surpasses second-largest cryptocurrency in the world Ethereum in daily transactions,“Hundreds of millions of BT users across the globe will become part of the Tron ecosystem. BitTorrent will be the largest application on the Tron network, which will allow Tron to pass Ethereum on daily transactions and become the most influential public chain in the world.
The integration of BitTorrent and Tron will offer new possibilities to global payment and settlement of the Tron online content. The creators of this content will reach hundreds of millions of global users through this decentralized network without intermediaries…
For BitTorrent users, Project Atlas is only going to strengthen the current BitTorrent protocol and make it stronger and more competent.”
The post Is TRON’s ‘Project Atlas’ a Realization of Satoshi Nakamoto’s Vision for BitTorrent? appeared first on UNHASHED.
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