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US: TRON closes BitTorrent acquisition

By  |  July 29, 2018

TRON announced that it has officially closed its acquisition of BitTorrent, the pioneer of Web 2.0’s leading peer-to-peer protocol. BitTorrent products continue to serve more than 100 million users worldwide, with a top-rated Google Play app and various other products, including BitTorrent Play on iOS, the uTorrent browser, desktop clients for Mac and PC, and much more.

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    TRON is in the process of launching its proprietary blockchain technology and network which will replace its use of the Ethereum blockchain for its own TRX cryptocurrency and other applications. Acceptance of the project has grown since it’s initial coin offering (ICO) and has grown over time to a US$4.7 billion market capitalization

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    TRON’s technology, which can process transactions 400 times faster than the currently used technology by Ethereum, will serve to strategically grow and accelerate BitTorrent, while keeping intact its premier streaming and download products for all its current users.

    TRON is creating a new presence in the United States with an emerging office in San Francisco which will house BitTorrent.

    “BitTorrent’s long-held core belief of a decentralized internet are inline with TRON’s values, and the collaboration between BitTorrent and TRON is sure to contribute to an internet that is better and brighter,” according to its Medium post.

    Full Content: BCFocus

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