Tron founder Justin Sun reveals the real reason behind the BitTorrent acquisition
A lot has been reported about the BitTorrent acquisition by Tron founder Justin Sun. However, the real reason behind the step was left for the community to speculate, until now. In a recent letter from Justin Sun to Tron employees shared the actual reason behind the same.
The letter posted on Medium mentioned that on August 6, “Justin Sun held his first all-hands meeting with the new TRON family, post BitTorrent acquisition.” After the event, Sun shared a letter with the Tron employees. In the letter he wrote, “I’d like to talk about why we decided to acquire BitTorrent and our strategic plans for the entire TRON family, post-acquisition.”
Sun added, “Contrary to speculation, the main reason for the acquisition isn’t BitTorrent’s more than 100M active users, and it isn’t for an amazing commercial opportunity.” Instead, he said the most important reason for the acquisition was BitTorrent’s committed to one value – “Democratize the Internet”, very similar to TRON’s “Decentralize the Web.”
“The fact that our values are in sync is the driving force behind this acquisition,” Sun wrote, “The Internet was decentralized when it was first created. Since Web 1.0 in the 80s, we believed that Internet services should be built upon an open protocol shared by the web community. Since then, we’ve created open protocol standards like TCP/IP and HTTP. The World Wide Web has become a cornerstone of the entire Information Age and a basic service that we’ve come to depend on.”
Tron aims to become the largest decentralized Internet ecosystem in the world and hopes that with this acquisition, achieving the target will be easier. “As for our overall strategy, we will first strengthen the existing decentralized Internet infrastructure, and then explore the opportunities for developing the protocol layer and DApp layer,” the letter reads.
Image via Shutterstock
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