BitTorrent Officially Confirms That It Has Been Purchased By Blockchain Startup Tron
In the blog post of the file sharing service has been recently confirmed that BitTorrent is now officially a part of Tron. The news proves spread rumors that have been uncertain from the middle of last month. Tron, a comparatively new participant in the mad world of blockchain startups, was said to have paid about $126 million for the company.
Tron is a Blockchain startup which was established by the Chinese entrepreneur Justin Jun. In the process of its activity the company has issued its own crypto-currency, named TRX with the market cap of $2.4 billion at this moment.
BitTorrent which is San Francisco-based software development company was established long ago in 2004. The company designed the protocol that would become synonymic with file sharing activity of Napster online service.
At present, BitTorrent guarantees around 100 million dynamic users all over the world, with its self-titled client and BitTorrent Now, the latter of which has a tendency to be video/music centered. The company will keep up those clients, functioning out of Tron’s SF workplaces.
The company will keep making transactions from TRON’s new central office in San Francisco, ensuring the latter’s business growth and development all over the world.
