Tron (TRX) Foundation’s Latest Announcement: Strengthening the Foundation
After Tron’s massive $140m acquisition of BitTorrent, hodlers were anxiously awaiting the launch of the TVM (Tron Virtual Machine) which would allow for smooth transition of dapps from other blockchains to move to the Tron Mainnet. Come today, the 30th of July 2018, what people anticipated to be announcements of partnerships (which saw prices surged 10% against the USD), left us with the launching of the TVM, and the revealing of Project Atlas (Note: This has not been confirmed or denied to be the alleged “secret project”). What exactly is Project Atlas you might ask? Well, in short, it is a project to strengthen the foundations of Tron to make it more efficient, consequently having a bigger influence than other public blockchains currently available (This will ultimately lead the project towards adoption, but only time will tell how successful they will/will not be). As seen in the brief outline of the Vision of Development, we can see that Tron is currently in a phase whereby the virtual machine is in the stage of running on the Mainnet, heading into Quarters 3 and 4 of the the year. Tron always been rather close to controversy, with allegations of plagiarism, and over-hyping, it is easy to suggest that this announcement is a letdown with prices (at writing) hovering around the USD$0.03700 — USD$0.03800 mark after posting a 24-hour high of USD$0.04000. But holders shouldn't be discourage or develop “weak hands” as Quarters 3 and 4 of 2018 still remains quite something to look forward to with the “secret project” yet to be revealed, and with the Official version of the TVM set for Launch on the 30th of August. While it cannot be denied that some would find today’s announcement a let-down, or failing to live up to the hype, it is very important to note that what Tron is doing here, is to strengthen the base, or foundation, if you will, of what the Mainnet will be — and with BitTorrent in the inventory, one can expect that naturally, millions more will get on-board the Tron-train (take note that while BitTorrent has millions of users, Tron only has about 76,000 accounts on its blockchain which is seeing a steady growth). In conclusion, while this may not be a quick catalyst to the moon as many hoped for, it’s definitely not a time to slow down and lose hope, but instead to refocus on the fundamentals that make a strong blockchain. Something built from the ground up will always be stronger than one that is built from top to bottom. Keep hodl-ing.
References:
https://www.wired.com/story/how-bittorrent-spurred-the-streaming-revolution/
https://www.engadget.com/2018/07/25/blockchain-company-tron-buys-bittorrent/
https://www.ccn.com/tron-price-trx-rises-nearly-10-despite-stagnant-market/
https://www.ccn.com/independence-day-tron-activates-mainnet-after-month-long-migration/