Tron’s acquisition of BitTorrent assists web decentralisation
Tron project yet again hits a successful note with its recent acquisition of BitTorrent to assist in decentralising the web. With this new purchase, Tron community adds to its user base nearly 150 million BitTorrent users. This huge and sudden change in the user base of Tron, the company based on blockchain technology happened in an overnight.
Justin Sun, the CEO of the Tron project has presented his opinion on this new acquisition of BitTorrent. According to his statement, “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.”
The way BitTorrent would assist Tron for decentralising the web
The teaming up of these two entities is, indeed, a step towards accomplishing the dream envisioned by Justin Sun. BitTorrent plays a pivotal role in performing decentralised computing. The platform leverages an innovative method of file sharing. This results in ensuring that not a single machine have entire authority over a data on the network.
However, the speed of download is increased by this mechanism that shares the informative files in pieces. As soon as this gets integrated into the network, it assists in enlarging monetisation and shared content. With this accomplishment, the aim of the project mentioned in the whitepaper is achieved.
The Tron Ecosystem can be multiplied, as per the vision of the Foundation by providing incentives to the active users of BitTorrent. By keeping the machine on and staking this particular cryptocurrency , the storage and sharing of digital content are facilitated. Consequently, this leads to the distribution of rewards or airdrops to the BitTorrent active users.
For the time being, since the acquisition is at a nascent stage, hence the world is only left to speculate. The objective of Justin Sun and his project can be achieved as the time progresses. However, this acquisition of BitTorrent has been an inevitable outcome since BitTorrent platform finds its mention in the company’s white paper for 8 times.