As many of you will know, the TRON Foundation recently made the purchase of BitTorrent, the online peer to peer file sharing service that was once built to make the internet more democratic. It made sense for TRON to make this acquisition, as we know, their end goal is complete online democracy too, so instead of working against each other, why not epitomise democracy, and work together?It was a huge acquisition, BitTorrent has around 100 million users, all of whom have been guaranteed a home within the TRON network. This news had big implications for TRON, BitTorrent and of course, TRX, the TRON currency that recently jumped from the Ethereum blockchain, onto its own native chain. The acquisition promises big things for BitTorrent, in fact, upon the official announcement by TRON, BitTorrent stated:
“With this acquisition, BitTorrent will continue to provide high quality services for over 100M users around the world. We believe that joining the TRON network will further enhance BitTorrent and accelerate our mission of creating an Internet of options, not rules.”
Now, according to Torrentfreak, Justin Sun, the founder of TRON has finally offered some more information about the project, though for many, it’s not the news they expected to hear. Sun said:
“Contrary to speculation, the main reason for the acquisition isn’t BitTorrent’s more than 100M active users, and it isn’t for an amazing commercial opportunity. Yes, these things are great perks, but the more important reason is that BitTorrent has always been committed to one value, which is ‘Democratize the Internet.’ This is very much in line with TRON’s ‘Decentralize the Web.’ The fact that our values are in sync is the driving force behind this acquisition.”
Now of course, this is sort of what we expected. Yes, TRON will benefit from access to 100 million new potential customers, but there’s more to this, that is the total democratisation of the internet. Sadly though, it seems that whilst it seems Sun is intent on making it happen, and will work towards it every day of his life, nothing is going to change for the next ten to twenty years. Internet democratisation is decades away:
“This is a long-term mission which will take 10 to 20 years to complete. I’m 28 now. I will devote my whole life to the revolution of Internet decentralization. TRON is committed to rejuvenating the revolution led by BitTorrent at the beginning of the 21st century, saving the Internet from centralized monopolies, and establishing a free, transparent, and decentralized Web 4.0.”
See more for yourself, here. Well, if nothing else, we can’t accuse Sun of not being organised.
Adrian is an avid reader who first stumbled across Crypto after reading 'The Basics of Bitcoins and Blockchains' by Antony Lewis in 2018. Since then, Adrian has immersed himself within the industry, and has a real interest in Enterprise Blockchain solutions.
Make sure you Subscribe to our mailing list to get the latest in market updates!