TRON Acquires Major P2P Platform Operator BitTorrent



TRON’s long-rumoured acquisition of BitTorrent inc., the operator of well-liked torrent client uTorrent, has been confirmed by TRON founder Justin Sun in a community letter published July 24.

The BitTorrent protocol launched in 2001 and depends on distributed “seeding’” by users who upload shareable content. In his letter, Sun celebrates the software system as “the genesis of the decentralization movement,” a legacy protocol for the blockchain revolution, noting.


“Bittorrent is […] the first decentralized Internet protocol with large-scale global application, [which] even today [... ] retains its status as the world’s largest decentralized protocol, once transmitting 40% of daily Internet traffic.”


According to Sun, BitTorrent and TRON will be entirely integrated, with the TRON and BitTorrent teams merging into one. Today’s letter emphasizes their shared vision, which was already indicated by the repeated mention of torrents and specific reference to BitTorrent in the TRON white paper.

As Cointelegraph has reported, rumors of the acquisition have been circulating since late may, with the inclusion of Sun’s lawsuit against the company for allegedly violating an exclusivity clause in early negotiations. The lawsuit was eventually dismissed, and unconfirmed details encompassing the finalization of the deal surfaced in June.

As of press time, TRON (TRX) is ranked the eleventh largest cryptocurrency globally, trading around $0.04 with a complete market capitalisation of over $2.3 billion, according to CoinMarketCap.

Komentar

Posting Komentar

Postingan populer dari blog ini

Amid Nth Room Sexual Exploitation Case Rumors,Huobi Korea Delists XMR

Gambar
Huobi Korea announced on April 8 that they might be ending support for Monero (XMR) trading starting on April 9, 2020. They stated that this was thanks to "low trading volumes and anonymity functions". They didn't , however, reference the recent Nth room case, during which South Korean media has speculated the exploitation ring used XMR to finish anonymous transactions. According to the South Korean newspaper, Sisa Journal, headlines covering the sexual exploitation case remained rampant within the country, with many news outlets suggesting that Monero has been used for criminal acts, specifically within the Nth case. The quoted case is an ongoing criminal investigation that allegedly involved sexual exploitation and therefore the distribution of videos containing rapes among Telegram chat rooms. Bithumb still lists XMR in South Korea despite the reports Sisa Journal is additionally reporting that another cryptocurrency exchange, Bithumb, has been struggling for...
Baca selengkapnya

What Is Digital Currency And How It Works?

Gambar
Digital currency, on the flip side, is utilized to specifically refer to the digital currency that's created and stored electronically. Since it is nothing more than intangible data it is more prone to fraud than physical currency in that it is possible to duplicate a unit of currency thereby causing inflation or altering the value of a transaction after it has been made for personal gain. It is an online form of currency that can easily be used over the web as a replacement for the traditionally used physical form of currency such as banknotes and coins. The exchange rate for digital currencies all around the world remains universal also. If you aren't a huge fan of digital currencies, and could be skeptical towards it, the very first question that would probably get into your head is why are you going to use it should you do have a stable currency already you may hold and are sure has actual price. Due to our electronic planet, you can purchase a home from your cellphone, se...
Baca selengkapnya

Tries to Steal Crypto Through Fake Google Chrome Wallet Extensions by Mystery Hacker

Gambar
Harry Denley, director of security at wallet provider MyCrypto, who identified the fake wallet extensions, said in a report Tuesday that Google has so far removed 49 extensions that purported to be well-known crypto wallets from its Chrome Web Store. The fake extensions are basic phishing plays. Posing as legitimate wallets, they leak personal information inputted by users, such as private keys and passwords, to the hacker, who can then drain balances in a matter of seconds. The fakes detected have so far claimed to be wallets such as Ledger, Trezor, Jaxx, Electrum, MyEtherWallet, MetaMask, Exodus, and KeepKey. Test amounts of crypto sent by Denley have not been picked up, suggesting that either the hacker has to manually empty wallets or that they are only interested in comparatively large balances. On the Chrome Web Store, most of these apps had consistently good reviews written typically in simplistic or broken English. On the basis that the admin email appears to be a Rus...
Baca selengkapnya