BitTorrent officially announces it is now a part of Tron, reveals more details
Tron acquiring BitTorrent has been one the most important news in the crypto world. However, official announcements related to it wasn’t made. Recently, BitTorrent tweeted “It’s official. BitTorrent is now a part of Tron.
In their blog they mentioned that they are excited to announce that TRON has officially closed its acquisition of BitTorrent. BitTorrent, which has over 100 million active users worldwide, and is one of the top-rated apps on Google Play will operate from Tron’s new San Francisco location. The office is the center of operations for the company’s global market expansion.“The division will provide robust support for TRON’s global business development and partnerships, while pursuing its vision for the world’s largest decentralized ecosystem,” the blog mentioned.
BitTorrent mentioned that high quality services will be provided for over 100 million users around the world. Moreover, joining the Tron network will further enhance BitTorrent and also accelerate their mission of creating an Internet of options. For those not aware, BitTorrent is touted as the pioneer in distributed computing is a file-sharing platform. The platform uses the technique of increasing the download speed by sharing files in chunks. A peer to peer network allows to simultaneously access these chunks of files. Even if a computer from the peer to peer network is offline others in the network can make the content available. This ensures the security of the system is intact because the information is distributed across various entities of the network and cannot be tackled by one person alone.
In the medium post, Tron mentioned that through this acquisition, BitTorrent and Tron will combine forces, TRON US team to merge with the BitTorrent team. According to the post, “BitTorrent possesses world-class technical talent and solid experience in decentralized protocol technology. Combining the robust capabilities of the two teams will take the technology behind the TRON ecosystem to a whole new level. 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.”
Secret Project of Tron
Tron founder, Justin Sun has kept the curiosity buzzing in the community by mentioning about a ‘secret project’, the details of which is to be announced on July 30. The official announcement from BitTorrent surprisingly came just ahead of it. However, the hype that’s being built up made the crypto community come up with various theories. In fact, some believe that the secret project is linked to BitTorrent in some way or the other.
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