After a bumpy start, Just Sun, the founder of digital TRON recently managed to buy BitTorrent for a rumored $140 million. TRON is a blockchain-based platform that is dedicated to establish a truly decentralized internet, to put it in their own words.
BitTorrent, on the other hand, is an established name that owns uTorrent, the popular file-sharing platform. They happen to be one of the most popular names when it comes to peer-to-peer networking and decentralized computing, real pioneers.
TRON aims to establish a completely decentralized internet and owning BitTorrent’s know-how and infrastructure will definitely help it in this regard.
While there is a big story behind their merger, the main story is what are the implications of this merger and its effects on the cryptomarket.
BitTorrent makes use of a decentralized peer -to-peer network to share mainly large files between users. They own most of their fame to the early 2000s, where the popularity of digital content was growing but internet speeds couldn’t keep up with the demand.
Although nowadays even 4K streaming is not a big deal anymore BitTorrent’s decentralized technology is still widely used. Being a peer-to-peer network, simultaneous access to files is possible. This means, even if a computer is not online, the others in the network will ensure that the content stays available. All this happens without compromising on security as the various entities of the peer-to-peer network distribute the content and are not controlled by one person.
Unfortunately BitTorrent did not generate the income many investors had hoped for, bringing it under pressure and making it the perfect, arguably, cheap candidate for a takeover.
The TRON Foundation will be able to access the technology and BitTorrent’s current user base. The perfect match to help TRON’s dream of further decentralization come true.
TRON’s own coin TRX and others like have shown good market performance in recent months, even when most other currencies were struggling. There was talk about Just Sun wanting to push his cryptocurrency with the torrent technology, but nobody bothered to really explain how. The better bet is the content streaming industry.
We are yet to know whether BitTorrent will be integrated into the TRON network, but regardless of that, this merger has definitely solidified TRON’s position in the market.
The demand for a peer-to-peer file sharing network globally has always been high, and TRON has all that it needs to create one. TRON now has the capability to become the natural entertainment choice of the masses.
TRON will now benefit from the booming music, gaming, and film industry. BitTorrent is a name that people trust and that will naturally benefit TRON.
Once BitTorrent gets integrated into TRON MainNet, the opportunities for the content creators will be unlimited. It will become a pay-as-you-go thing, and they can earn by participation. The payment medium will be TRX coins, and such a model will surely increase the value of TRX coins in the market.
BitTorrent is set to become the first blockchain application to run in the real world. All these are giving a clear message, and that is that TRON is here to stay and getting ready to take one of the top spots. A lot will also depend on whether TRON accepts the Cardano exchange proposal for partnership.