Roundup – 05/10/2018 – Bill to work on common definition of blockchain in the US & more

TRON Launches Project Atlas to Bring All BitTorrent Users to its Blockchain

According to a recent report, more than 100 million users actively use BitTorrent. The huge market share is one of the primary factors that motivated TRON to purchase the company together with all the users in July this year. Concisely, BitTorrent is a peer-to-peer network that is known to have one of the most advanced and tested infrastructures in the world today. Following the purchase, TRON went ahead to initiate a unique initiative dubbed project Atlas whose main goal is to bring all BitTorrent users to its blockchain.

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Cryptocurrencies Are Influencing A New Form Of FDI

In the US and other countries, Blockchain startups are always launching Initial Coin Offerings (ICOs). The aim is to raise startup capital for fintech of other technological endeavors. There is an underlying common factor of Blockchain technologies and Cryptocurrency-based ICOs. However, these startups are also dedicated to other services such as project funding, research funding, and logistics.

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Bill released to work on a common definition of blockchain in the US

A group of lawmakers in the US has written the bill, H.R. 6913, the “Blockchain Promotion Act of 2018″, to clarify the legal status of “blockchain”. The bill itself is neither a law nor does it make any suggestions to define blockchain legally. Instead, it aims to create a “working group of stakeholders across the federal government and private industry to establish a common definition of the blockchain.” The bill further declares that the blockchain will have an impact “[a]s our economies become increasingly digital”. The workgroup if successful will create a common definition of blockchain for the US.

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