RATE Group | BitTorrent Confirms TRON Acquisition; Tronix (TRX) Cryptocurrency Up 10%
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BitTorrent Confirms TRON Acquisition; Tronix (TRX) Cryptocurrency Up 10%

24 Jul BitTorrent Confirms TRON Acquisition; Tronix (TRX) Cryptocurrency Up 10%

Posted at 16:14h in Cryptocurrency News by

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At last, clarity surrounding TRON’s recent acquisition of BitTorrent has emerged. The reassuring news came on Monday, firstly via an announcement published on BitTorrent’s blog, and later in a letter authored by Justin Sun (Founder & CEO, Tron Foundation).

Indeed, BitTorrent’s post revealed that TRON – the project dedicated to building the infrastructure that will underpin a truly decentralized Internet – had “officially closed its acquisition of BitTorrent.”

Independently of the TRON Foundation, BitTorrent’s use as a communication protocol for peer-to-peer file sharing has soared in popularity since the early 2000s. The San Francisco-based company, BitTorrent, Inc., now maintains a global active userbase in excess of 100 million.

Aside from owning “one of the top-rated apps on Google Play,” there are numerous other offerings that comprise BitTorrent’s product suite. This includes BitTorrent Play (iOS), uTorrent Web, and desktop clients for both…

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