No doubt, Tron (TRX) is one big coin that cannot be rubbished in the cryptocurrency space. After Justin Sun announced that Tron would be moved out of Ethereum Network, the cryptocurrency war lord, declared on the go that there is going to be a huge competition between the two altcoins, like that which existed between Moses and Pharaoh.
Today, in a letter sent to the community, it was officially announced that the Tron has acquired BitTorrent in a bid to make its ecosystem stand out.
Justin Sun said BitTorrent and BitTorrent products are solely Tron’s property, creating euphoria in the community.
“From this day on, BitTorrent, whose software has been installed on billions of user devices, will become part of the TRON ecosystem, making TRON the largest decentralized Internet ecosystem in the world,” he said.
He declared that every BitTorrent user and supporter are now part of the TRON family, and so, 100 Million BitTorrent Users are now added to Tron (TRX) Ecosystem.
He maintained that anybody who have used the BitTorrent protocol, built their business on the protocol, or otherwise benefited from the protocol are now part of the TRON family.
BitTorrenct protocol, a file sharing communications protocol based on a p2p network was founded in 2001.
Before blockchain technology became prominent, BitTorrent has been regarded as the first decentralized Internet protocol with large-scale global application.
Talking about the decentralized personality of BitTorrent, Justin Sun said:
“Even today, the BitTorrent protocol retains its status as the world’s largest decentralized protocol, once transmitting 40% of daily Internet traffic. BitTorrent created and shaped the protocol, with 70% of BitTorrent users using the product. The company aims to decentralize the Web by promoting and further developing the BitTorrent protocol.”
The letter reads that BitTorrent gave birth to the decentralization movement, saying “Developers, entrepreneurs, and the decentralized Web community regard BitTorrent as the original pioneers of decentralization technology. It is the foundation of an open, transparent, shared Internet protocol.”
The latest acquisition signals that TRON’s “All-In Decentralization” agenda is heading towards fruition since the two platform which has now become one share the same vision for a decentralized Web.
Sun said he understands that BitTorrent will become more decentralized and gain a new life after integrating into the TRON ecosystem.