It’s official – TRON has recently concluded its protracted takeover of the ‘fallen peer-to-peer’ giant BitTorrent. The official announcement revealed that BitTorrent will now operate from their new office in San Francisco which will host the company’s global expansion efforts.
As an excerpt from the announcement reads:
“We are excited to announce that TRON has officially closed its acquisition of BitTorrent. BitTorrent has more than 100 million active users worldwide, and has one of the top-rated apps on Google Play and other products, including BitTorrent Play (iOS), uTorrent Web, and desktop clients for PC and Mac.
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The division will provide robust support for TRON’s global business development and partnerships, while pursuing its vision for the world’s largest decentralized ecosystem.”
Earlier this year, we reported that there have been a lot of ups and downs, twists and turns and speculations regarding TRON and the acquisition of BitTorrent. There was even a lawsuit filed by the founder of TRON, Justin Sun, against BitTorrent which changed the name to Rainberry after a few rebranding efforts.
However, this latest move finally got TRON closer to its target – BitTorrent’s peer-to-peer technology. According to some analysts, this technology provides a key piece of the puzzle for TRON which will help the cryptocurrency build the entire idea of a completely decentralized internet system based on peer-to-peer connections.
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