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June 12, 2018
“News that TRON was interested in acquiring BitTorrent first emerged in May of this year, when TorrentFreak reported that Sun was pursuing the purchase. Talks between Sun and BitTorrent allegedly began in September 2017; Sun is said to have signed a ‘letter of intent to acquire’ in January 2018.”Moreover:
“The proceedings of the deal hit a rough patch between then and now when Sun filed a temporary restraining order against BitTorrent for shopping around to other bidders. Sun argued that BitTorrent had agreed not to pursue other offers.”You can see the full report for yourself, here- https://www.financemagnates.com/cryptocurrency/news/founder-tron-cryptocurrency-quietly-acquires-bittorrent/ Since this then, it does seem as if Sun has made moves to finally make the purchase of BitTorrent. Whilst we await confirmation of this, we should look at the potential implications this may have for both TRON and BitTorrent. If, a TRON x BitTorrent partnership goes ahead (and indeed that’s a big if, realistically, even if Sun has bought BitTorrent, there’s no evidence to say he will integrate it as a part of TRON) then we could very well see BitTorrent introduced to blockchain technology. The blockchain has big advantages for file sharing and thus can ensure transparency, traceability and can confirm things such as ownership. By using this sort of system, BitTorrent could even stamp out piracy, something that has long been a major problem for torrent and file sharing websites. Either way, it’s all very exciting, for now we will await further news and an official announcement from either TRON, Sun or BitTorrent.