BitTorrent (BT), a San Francisco-based software company founded way back in 2001, is now officially a part of Tron (TRX), confirmed through a blog post by founder Justin Sun on July 24, 2018.
“BitTorrent is the first decentralized Internet protocol with the large-scale global application, even today it retains its status as the world’s largest decentralized protocol, once transmitting 40% of daily Internet traffic.” Said Justin Sun while observing the software as “the genesis of the decentralization movement,” an instrumental protocol for the technological transformation.
BT is a communication protocol-operator for peer-to-peer file sharing (P2P) which is used to distribute or share data and electronic files over the Internet and one of the most common protocols used for transferring large files, such as digital video files containing TV shows or video clips or digital audio files including songs.
Tron is a decentralized entertainment and content-sharing platform which uses blockchain and peer-to-peer (P2P) next-generation technology. People who enjoy social media, online gambling, and other forms of online entertainment, especially enjoy Tron. According to CoinMarketCap. TRON (TRX) is ranked the eleventh largest cryptocurrency globally, trading around $0.04 with a total market capitalization of over $2.3 billion.
Currently, BitTorrent claims around 100 million active users worldwide which tend to be video/music focused. The company will maintain these clients, operating out of Tron’s San Francisco workplaces to “provide robust support for Tron’s global progressions and syndicates, while pursuing its vision for the world’s largest decentralized ecosystem.”
BT while considering its user’s concern about the acquisition, declaring that “No plans to change what we do or charge for the services we provide. We have no plans to enable mining of cryptocurrency now or in the future. We believe that joining the TRON network will further enhance BitTorrent and accelerate our mission of creating an Internet of options, not rules.”