Tron Acquires BitTorrent

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The Tron Foundation has acquired BitTorrent for an undisclosed amount, but previously the sum of $140 million has been suggested for all its assets.

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

Justin Sun, Tron’s founder said “BitTorrent is the genesis of the decentralization movement,” before further 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 exactly they plan is unclear, but Tron aims to become an entertainment blockchain project with a focus on movies, music, and so on, somewhat similar to Netflix but running on their Delegated Proof of Stake blockchain.

Tron launched recently with their blockchain now up and running, but has faced allegations 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 says, 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 appears part of the acquisition was due to BitTorrent having “world-class technical talent and solid experience in decentralized protocol technology.”

That suggests they plan to incorporate BitTorren within Tron or a Tron based platform, but how that would work exactly remains unclear with neither Sun nor BitTorrent providing much detail.

Yet 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 however have ownership of their assets and technology, so what they will do with it remains to be seen.

Copyrights Trustnodes.com

 

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