Tron Acquires by BitTorrent

Tron Acquires by BitTorrent

The Tron Foundation has got BitTorrent for an undisclosed amount, but earlier the sum of $140 million has been advised for all its assets.

BitTorrent says they will last operating from Tron’s new San Francisco area where they plan to work “more than 100 million active users worldwide.”

Justin Sun, Tron’s founder stated “BitTorrent is the genesis of the decentralization movement,” before more adding:

“With the integration of BitTorrent, TRON aims to liberate the Internet from the stranglehold of large corporations, give data rights back to the individual, and reignite the early 21st-century vision of a free, transparent, decentralized network to connect the world, because the internet belongs to the people.”

What precisely they plan is unclear, but Tron aims to become an entertainment blockchain design with a focus on movies, music, and so on, somewhat related to Netflix but working on their Delegated Proof of Stake blockchain.

BitTorrent inventor steps away after TRON acquisition.

Tron launched lately with their blockchain now up and ran, but has faced accusations that their whitepaper was plagiarized.

“We believe that joining the TRON network will further enhance BitTorrent and accelerate our mission of creating an Internet of options, not rules,” BitTorrent states, with Sun stating:

“Combining the robust capabilities of the two teams will take the technology behind the TRON ecosystem to a whole new level.”

It seems part of the income was due to BitTorrent becoming “world-class technical talent and solid experience in decentralized protocol technology.”

That implies they plan to include BitTorrent within Tron or a Tron based program, but how that would work exactly lives unclear with neither Sun nor BitTorrent giving many parts.

It seems that BitTorrent will continue operating as it currently does, stating “we wish to reiterate that BitTorrent has no plans to change what we do or charge for the services we provide.”

The Tron Foundation does now, though, have control of their assets and technology, so what they will do with it continues to be seen.

#BitTorrent #Tron Acquires #Acquires


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