2018 has been a very big year for TRON TRX. The project celebrated its first anniversary and even launched its own mainnet, migrating from the Ethereum network onto its own native TRON blockchain. With this, saw the launch of the new TRX token, leaving the old Ethereum ERC-20 protocol behind.
The progression of TRON has been fascinating, TRX even managed to spend some time within the top 10 cryptocurrencies by market cap through 2018. Can things really get any better? Well, according to new reports, yes the can. In 2019, TRON will see a huge boost to its security and privacy, two of the most prominent issues surrounding all cryptocurrencies in the markets at the moment.
With an industry that is riddled with scams and hacks investors want to see that crypto projects are working extra hard to ensure the integrity and security of their products. TRON is already working on this, with big plans to improve the privacy of TRX and the TRON blockchain as early as Q1 2019.
This latest privacy drive has been named Project Atlas. According to Crypto Globe, Justin Sun the Founder of TRON has spoken to Rachel Wolfson in an episode of ‘The Bad Crypto Podcast’. During which, Sun discusses the idea behind Project Atlas, here’s a little about what to expect from it:
Project Atlas is being rolled out in Q1 of 2019 and will integrate TRON and TRON’s latest acquisition, BitTorrent to make the blockchain more secure. Sun states:
“First of all, when people try to download something in the BitTorrent network will use a mechanism called ‘tit-for-tat’. So, basically, how much you upload, how much you download. But this mechanism doesn’t [always] work… For example, if I finish the downloading, I don’t have the incentive to upload anymore… So, we provide a cryptocurrency token [called the ‘BitTorrent token’] issued on the TRON network… as a solution to provide incentive for the users. So, basically, the more you upload, you can get the token incentive from the other users, or you can get the token distributed by the system. So, that’s why you have this incentive to maintain the whole network, to contribute to the network.”
“Everybody nowadays, don’t want their privacy stored by Facebook or Google because those people can more easily manipulate the data so they can push ads to you. You don’t want to share those data with them. That’s why I think the decentralized way becomes a good way to do that.”
“Privacy is important for the network. That’s why I think next year, in Q1, we will adopt zk-SNARKs (zero-knowledge proofs) into our network. This is how we can improve privacy of the whole network. So, in the future, if you want to have these private transactions and a private [shielded] address, if you use the address, we can make sure that nobody sees you. The transaction can be untraceable… I think we release this roadmap in Q3 this year, and will be shipping next year in Q1.”
It is very clear that Sun and the TRON Foundation are learning from recent mistakes made by the likes of Facebook and Google and thus they want to take the privacy of their users very seriously. As I have mentioned, privacy is a very sensitive subject within the crypto industry and thus, this is not only a good move by TRON, it’s an essential one that continues to get TRON TRX ready for a very exciting future indeed. Roll on 2019.