Earlier this month, word spread that Ashwin Navin, BitTorrent’s co-founder, sold the company to the TRON Foundation for $140M. While many were excited, the acquisition was never confirmed. Until now. That’s right, Justin Sun, the founder of TRON (TRX), has verified the TRON BitTorrent acquisition!
TRON BitTorrent Acquisition: Confirmed!
Yesterday, after weeks of speculation, Justin Sun confirmed the TRON BitTorrent acquisition. He posted the news on Twitter, where multiple users responded back, with one even calling it a “huge announcement,” adding, “all those who doubt this project are blind.”
That's a huge announcement. I look forward to July 30th. All those who doubt this project are blind and will be annoyed not to have invested early.@coinbase @GeminiDotCom You can already start the integration of #Tron $trx. You could potentially get millions of new customers!
— bdeldy (@bdeldy) July 24, 2018
It is a huge announcement; we’ll give that Twitter user credit where credit is due.
After all, TRON is a leading blockchain-based decentralized protocol. According to its whitepaper, TRON is striving to create a global “free content entertainment system.”
Meanwhile, the BitTorrent protocol, which has been around for 17 years, is the world’s first ever decentralized internet protocol.
What’s the Point?
Working together hastens Justin Sun’s “All-In Decentralization” methodology, which will likely do great things for the company in the long-run.
Justin Sun has highlighted some of the positives of the TRON BitTorrent acquisition. For instance, he says it should allow his company to “liberate the Internet from the stranglehold of large corporations.”
It will also aim to do the following two things:
1. Give the individual back their data rights.
2. Reignite the early 21st-century vision of a transparent, decentralized, free network.
TRON (TRX) News: On the Market
All of the top-ten coins by market cap are in the green today, but we can’t help but think that the TRON BitTorrent acquisition played a part in TRON (TRX)’s nearly 10% jump Tuesday.
At press time, TRON (TRX) is selling for $0.037, which puts the coin up 8.13% in the past twenty-four hours.
Overall, the TRON BitTorrent acquisition is thought to do great things for the industry in the future. But what do you think?
Featured Image: Twitter