Blockchain
ATOR Launches New Crypto Platform with Unique Utilities
Toronto, Ontario–(Newsfile Corp. – April 26, 2023) – An anonymous development team with OG crypto connections announced the launch of a new protocol designed to incentivize and maximize the adoption of the Tor network. The protocol, called ATOR, develops a new network that operates by building and selling routers and relays, and paying running nodes using an on-chain Proof of Uptime mechanism.
ATOR strives to address the shortcomings of Tor’s current network, which relies solely on volunteers to keep it operational for its 2 million daily users. This predominantly altruistic mechanism for a relatively small number of relays in a global network has led to several drawbacks for Tor and its users, including slow browsing speeds, inconsistent uptime quality, and limited scalability. Additionally, the association of Tor with the Dark Web has led to negative press and a lack of adoption by mainstream users.
ATOR’s solution is to provide incentives for the creation and maintenance of routers and relays, thereby increasing the number and quality of relays in the network. The ATOR protocol will enable the building and selling of routers and relays using cryptocurrency payments, with nodes being paid for their uptime using an on-chain Proof of Uptime mechanism. This mechanism ensures that only relays with consistently high uptimes will receive payment, thereby incentivising high-quality, and reliable nodes.
Furthermore, ATOR’s Proof-of-Uptime protocol incentivizes the creation and maintenance of Tor relays by offering ATOR tokens. By encouraging users to contribute to the network, ATOR aims to strengthen the Tor network and accommodate more volume. Existing Tor nodes can be whitelisted into the ATOR Proof-of-Uptime protocol, allowing them to mine ATOR without disrupting their current operations.
The company also facilitates relay hardware and a router that enables non-technical users to contribute to Tor and mine ATOR. Built on the encryption standards of Tor, ATOR ensures complete privacy and anonymity, making it an ideal solution for those who require anonymity at scale. Overall, ATOR aims to facilitate wider adoption of secure network relay protocols and strengthen the security of the Tor network through on-chain incentives
The project’s roadmap is ambitious. The project launched its ERC-20 token in February 2023, with a maximum of 100 million ATOR tokens issued, and around 63 million currently in circulation. The node rewards appear small, but the team has openly admitted that the reward algorithm will be modified in the future to incorporate further sources of relay rewards.
The team showcased a working prototype of a Tor Router Microcontroller at EthDenver, which is a positive sign of the project’s credibility. The release of instructional open-source code in April 2023 is a good step towards giving confidence to the Tor community and signaling the team’s expertise and credibility.
The second phase of the project involves integrating Tor with ERC20 incentives and developing a dashboard to onboard Tor nodes. The Proof of Uptime concept will be implemented in Q3 2023. The third phase of the project involves transitioning to independence, where the team plans to release their own router hardware and on-chain. The release of own relay hardware is planned for Q1 2024, and a transition to longer-term token incentives is planned for Q2 2024. This final phase involves the release of ‘ATOR Hidden Services’ – allowing users to use web3 on top of the blockchain in return for ATOR. It is a real utility and brings sustainability to the entire protocol, truly an end-to-end solution.
The fourth and final phase of the project involves privacy absolute with LoRa. The team plans to release prototypes for ‘last-mile’ LoRa routers in Q2 2024. These dedicated hardware devices will relay packets using long wave radio to existing relays that then plug into the main Tor network. There are considerations that need to be met, such as open-source router hardware and firmware based on reputable and reliable Tor project-approved code, configurable routers, and updatable Tor browsers. The routers need to be powerful, reliable, and affordable, and the team needs to involve the ATOR community to ensure the project’s success.
In addition to that, ATOR has the potential to be a game-changer for the Tor network and its users, providing faster browsing speeds, increased reliability, and enhanced privacy for all users. With the launch of ATOR, the development team hopes to see a surge in adoption of the Tor network by mainstream users who value their privacy and security online.
About the Company – ATOR
ATOR is a platform that strives to increase the adoption of the Tor network by incentivizing the creation and maintenance of Tor relays. By utilizing on-chain rewards through their Proof-of-Uptime protocol, ATOR encourages users to route encrypted traffic and contribute to the growth of the network.
In addition, existing Tor nodes can be whitelisted into ATOR Proof-of-Uptime, allowing them to mine ATOR while continuing to operate as usual. The platform also provides relay hardware and a router that enables non-technical users to contribute to Tor and mine ATOR, making it accessible to a wider audience. ATOR ensures complete privacy and anonymity through its built-in encryption standards, making it an ideal solution for users seeking anonymity at scale.
For more information about ATOR and its development team, please visit https://ator.io/.
Media Details:
Company Name: ATOR
Contact Email Address: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163839
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
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