PR: 1+1>2 – Justin Sun Acquired BitTorrent

2018-7-26 20:30

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Few people know about the two failed attempts made by BitTorrent, former P2P leader, to transform itself into a media company after its decline from the height of BT download. Obviously, though once a technological game-changer, BitTorrent is no longer a favorite of the Internet industry. Its rebirth backed by Tron drew a period to its past decade of adversity. Now in a new jack of the classical Internet, Tron is also turning a new page.

A week before Tron’s mainnet launch, the news that Justin Sun and his blockchain startup acquired the developer of BitTorrent, a decentralized P2P protocol, for USD$140 million drifted across the Pacific. For a long time, BitTorrent has been looking for a buyer. It finally made the decision to join Tron, a star project in the rising tide of blockchain technology.

Redemption of the classical Internet

There are always people in this world who are fighting for a nation of their dreams—a liberal, equal, democratic, self-governed nation that no longer bows to authoritarianism or cheats the young or the old. This is also true of the world of the Internet. Here are also revolutionary geeks who never stopped decentralizing the web.

In 2004, a new mode of decentralized download frenzied global Internet users. BitTorrent introduced the P2P network as a new way of sharing and storing data. Different from the server-based mode, with BitTorrent everyone can provide other terminals with downloadable data, meaning that the more people exchange and share via BT, the faster the download speed. This makes the sharing and distribution of large files (e.g. videos) much easier. BitTorrent marks a milestone in the development of classical Internet when the flow of videos began to overtake audios.

BitTorrent is undoubtedly a pioneer of P2P data sharing, storage and backup under a distributed network structure. More importantly, it created a new perspective for the underlying layer that evoked new understandings and conceptions of the Internet.

Justin said in his Letter to the Community, “BitTorrent is the genesis of the decentralization movement. 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.”

However, BitTorrent’s open-source protocol and copyright issues with shared files soon exposed more problems. Content creators and publishers attacked P2P technology represented by BitTorrent for its security issues, hacker attacks, private information leakage, policy restrictions, profit distribution and copyright issues. In addition, with the rise of video websites, P2P transmission’s occupancy of Internet flow dropped continuously.

Although BitTorrent is still home to at least 170M monthly active users and 40% of global Internet flow, the commercialization of its technologies remains a great challenge. The founder of BitTorrent believes that a company with a great tool should do something greater.

In the wake of the Bitcoin boom, blockchain technology based on distributed P2P network, encryption algorithm and consensus sparked hope in the classical Internet. The asymmetrical encryption algorithm of blockchain technology enables protection of privacy while establishing direct P2P connection. Any third parties cannot engage in P2P interaction. Data decentralization is realized by placing the storage and calculation of data in users’ own hands. Meanwhile, the use of smart contract allows every contributor to share interest peacefully and fosters consensus of data on the application level, which strongly backs the legitimacy of a decentralized web.

BitTorrent’s official website also shows the direction it is heading. It aims to realize higher mobility of data. It wants to allow content creators to profit from their creations and users to be able to jointly construct the ecosystem in ways they love, with consensus on contents shared. It does seem that BitTorrent will find its best ally in the blockchain industry.

Intrinsic compatibility draws BitTorrent and Blockchain together. It is said that the TRON Protocol, one of the largest blockchain-based operating systems in the world, offers scalable, high-availability, and high-throughput support that serves as the foundation for all decentralized applications in the TRON ecosystem. The Protocol also uses an innovative, pluggable smart contract platform to improve compatibility with Ethereum smart contracts. TRON holds a vision of establishing a global free entertainment system and decentralizing the web.

A generous USD$140 million payment not only lifted BitTorrent out of its struggles, but also signals a new attempt to the classical Internet and the blockchain industries.

Mutual benefit: 1+1>2

This huge acquisition, yet another big move since TRON declared independence, caused a great stir in the blockchain industry where excitements crop up one after another.

Technologically, joining hands with BitTorrent will definitely strengthen TRON’s distributed underlying network. It is learnt that BitTorrent will provide help on the storage layer of the TRON protocol to improve its overall performance and stability. In essence, the marriage of BitTorrent’s technology and TRON’s blockchain technology will apply, through the joint construction of a secure cloud computing database storage, BitTorrent’s technologies to where real commercial value can be created. This collaboration will also bring to the fore the strengths of deploying strong underlying protocols such as cloud storage, distributed download, and content distribution on TRON’s public blockchain.

A highlight of the acquisition is that BitTorrent’s 100M+ users are now TRON’s. In fact, the two companies have more users than any other player in their respective fields. It is the 170M+ monthly active users that made BitTorrent one of the best performing protocols based on P2P technology. By TRON’s declaration of independence on June 25, there were already over 1.2M TRX holders worldwide, outnumbering any other token holder community.

The influx of 100M+ users further consolidates the user base of TRON’s ecosystem and injects vitality into its community. For one thing, TRON’s ecosystem fulfills the long-existent needs of BitTorrent users. With TRON’s incentive plans, these users will be able to recognize its values and foster stronger consensus, which will encourage them to become TRX holders. The thus rosy outlook of TRX will expectedly result in satisfactory performance despite a sluggish market, securing its place within the top 10 and bringing it closer to the 6th place.

For another, driven by vested interest and shared values, not only will BitTorrent content contributors be propelled to engage actively in community development, but also client acquisition cost and the cost of user activity can in turn be significantly lowered. In this way, more contribution can be made to the establishment of a global free entertainment system, lowering the threshold of the final commercialization.

It not only excited the youthful TRON, but also demonstrated to the blockchain and the traditional Internet industries how 1+1>2.

As we all know, embattled by user issues and high flow costs, dividend of the traditional Internet is no longer intact. It is desperately in need of a new incentive mechanism to restore vitality. The token economy based on blockchain technology is approaching satisfaction. Its pluralistic compound ecosystem features sustainability and recyclability, enabling global participants to engage in R&D and maintenance wherever they are. Community users play a key role in the development of the ecosystem, taking the initiative to communicate and transform. Once they share the same values, user engagement can grow at an unexpected rate. All of these could not be possible in the classical Internet.

The traditional Internet needs to transform or optimize the existing business model with token economy; the blockchain startups are eager to pursue mature technology, user base and commercial genes of the traditional Internet in the exploration and development stage. desire. Therefore, instead of antagonism, the two shall maintain openness and collaboration in a coexisting world, thus building up energy for the upcoming large-scale commercialization.

TRON’s acquisition of BitTorrent has provided another perspective for the combination of traditional Internet and blockchain industry, which may be recorded as a classic case of the blockchain company’s acquisition of traditional Internet corporation in blockchain history.

Contact Email Address
[email protected]
Supporting Link
https://tron.network/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: 1+1>2 – Justin Sun Acquired BitTorrent appeared first on Bitcoin News.

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bittorrent tron acquired justin sun p2p blockchain

bittorrent tron → Результатов: 71


Bittorrent: его значение и уроки для криптоиндустрии — часть 1

Когда в 2018 году BitTorrent Inc была продана китайской криптовалютной организации TRON, а, точнее, её основателю Джастину Ючену Сану – это ознаменовало настоящий конец эпохи. Компания, которая была наиболее тесно связана со всей экосистемой BitTorrent в течение 15 лет, исчезла в результате поглощения.

2019-8-20 09:09


Фото:

TRON’s BitTorrent Incentive Scheme Aims To Boost User Numbers

Blockchain app development platform TRON has announced that its recently-acquired BitTorrent protocol will soon launch no fewer than three incentive programs.   Justin Sun Woos ‘New Audiences’ In a blog post subsequently confirmed by TRON CEO Justin Sun, BitTorrent said it would target BitTorrent and µTorrent users, partners, and associated ecosystems with tailored offerings to increase uptake.

2019-3-8 21:00


Фото:

Эксперт: BitTorrent поможет TRON получить миллионы клиентов

С помощью BitTorrent компания TRON получит доступ к 100 млн человек пользователей трекера. Об этом заявил член правления Национальной Ассоциации Блокчейн Александр Беспалов.

2019-2-13 10:40


Tron Foundation начинает серию эирдропров токена BitTorrent

В понедельник, 11 февраля, Tron Foundation начинает серию эирдропров токена BitTorrent (BTT), которые будут проходить каждый месяц в течение следующих шести лет, то есть до февраля 2025 года. Как известно, общая эмиссия BTT составит 990 млрд монет, из них в первой раздаче примут участие 10,1%, то есть 990 млн.

2019-2-11 16:29


Justin Sun’s Rebuttal to Criticisms About TRON’s Integration with BitTorrent

Justin Sun rebutted claims by a former BitTorrent executive who said that tokenizing BitTorrent’s economy on Tron would “literally destroy it.” Speaking to Breaker Magazine, BitTorrent’s ex-Chief Strategy Officer (CSO) Simon Morris on Friday raised a host of questions about the technological capabilities of Tron and CEO Justin Sun, asserting the blockchain would “melt” under […] The post Justin Sun’s Rebuttal to Criticisms About TRON’s Integration with BitTorrent appeared first on CryptoSlate.

2019-1-15 06:51


Обвал цены Tron, вызванный заявлениями бывшего главы BitTorrent

После того, как бывший руководитель BitTorrent заявил, что Tron не справится с объемом транзакций BitTorrent, курс TRX обвалился, но отыграл потери и остается на относительно высоком уровне.

2019-1-14 15:46


Cаймон Моррис: Tron не сможет выпустить токены для BitTorrent

Экс-сотрудник BitTorrent рассказал, что «разнесет блокчейн Tron на кусочки». Бывший главный стратег компании BitTorrent Саймон Моррис полагает, что команда альткоина Tron не сможет технически обеспечить эффективный выпуск токенов для BitTorrent.

2019-1-13 16:03


BitTorrent запускает собственную криптовалюту на блокчейне TRON

Собственная криптовалюта BitTorrent, BitTorrent Token (BTT), будет запущена на протоколе TRON, создатели которого недавно приобрели проект. Джастин Сан, основатель стартапа TRON и CEO BitTorrent заявил в официальном пресс-релизе: «Одним гигантским усилием мы можем предоставить блокчейн-решение сотням миллионов пользователей по всему мира и поддержать новое поколение создателей контента инструментами для его распространения напрямую, через сеть» Анонс выпуска […]

2019-1-5 13:15


Фото:

В BitTorrent объяснили, зачем им свой токен

Компания BitTorrent Foundation анонсировала запуск в сети TRON собственного токена - BitTorrent (BTT), который будет применяться пользователями для оптимизации скорости загрузки контента. Об этом проект TRON сообщил у себя в блоге.

2019-1-4 10:00


BitTorrent Foundation запускает собственный токен в сети TRON

Созданная в Сингапуре организация BitTorrent Foundation анонсировала запуск в сети TRON собственного токена – BitTorrent (BTT), который будет применяться пользователями для оптимизации скорости загрузки контента в экосистеме одноименного сетевого протокола для кооперативного обмена файлами.

2019-1-4 22:23


Tron’s Project Atlas Goes Live For BitTorrent Users

With TRON’s acquisition of BitTorrent in July 2018, the company has concluded moves to combine blockchain and file sharing together with their latest venture, Project Atlas. According to an announcement made by the Decentralized Internet startup, Tron, the firm gave new details of its bid to integrate both functions with its torrent client BitTorrent, which […] The post Tron’s Project Atlas Goes Live For BitTorrent Users appeared first on ZyCrypto.

2018-10-3 16:42


Фото:

TRON раскрыл планы интеграции с BitTorrent

TRON Foundation представил подробную информацию о плане интеграции с BitTorrent — проекте Atlas. Сделка по поглощению компанией BitTorrent была закрыта в июле этого года. Согласно проекту Atlas, на первом этапе BitTorrent подключит свою пиринговую сеть к блокчейну TRON для использования токена TRX.

2018-9-28 17:12


Фото:

TRON закрыл сделку по покупке BitTorrent

Блокчейн-проект TRON закрыл сделку по поглощению BitTorrent. Согласно заявлению на официальном сайте сервиса, теперь он будет работать из нового офиса TRON в Сан-Франциско. «Мы рады объявить, что TRON официально закрыл покупку BitTorrent.

2018-7-26 15:20


TRON завершил сделку по поглощению BitTorrent

TRON наконец-то завершил поглощение peer-to-peer гиганта BitTorrent. Объявление на официальном сайте BitTorrent сообщает, что компания теперь будет действовать с нового офиса TRON в Сан-Франциско, который теперь будет принимать глобальные усилия по расширению компании.

2018-7-26 13:48


Фото:

BitTorrent: Tron Foundation Officially Completes Acquisition

File sharing software provider BitTorrent announced Tuesday that its acquisition by the Tron Foundation is now officially complete. BitTorrent said it will now operate from Tron’s new San Francisco offices and support the blockchain project’s global development, while continuing to serve the claimed 100 million BitTorrent users around the globe. According to the announcement: “We believe

2018-7-25 19:47


Блокчейн-стартап TRON подтвердил покупку BitTorrent

Во вторник, 24 июля, криптовалютный стартап TRON официально приобрел компанию BitTorrent, разработавшую интернет-протокол для обмена файлами. Слияние позволит реализовать идею децентрализованного интернета, сообщили представители BitTorrent в своем Twitter-аккаунте.

2018-7-24 16:09


Блокчейн-платформа TRON официально подтвердила покупку сервиса BitTorrent

Компания-разработчик протокола BitTorrent официально подтвердила приобретение сервиса блокчейн-платформой TRON. It’s official. BitTorrent is now part of #TRON. We pioneered the world’s largest decentralized p2p protocol, now we’re joining forces with TRON to build the future of the decentralized internet.

2018-7-24 10:50


Создатель Tron Джастин Сан купил компанию BitTorrent

Компания BitTorrent, разработавшая в своё время одноимённый протокол для p2p-обмена файлами, продана создателю платформы Tron и криптовалюты TRX Джастину Сану. Как сообщает Variety, сделка состоялась на прошлой неделе, о ней уже известили персонал компании. Слухи о возможной покупке BitTorrent вперв...

2018-6-13 20:00


Фото:

Разработчик TRON завершил сделку по покупке BitTorrent

Компания-разработчик протокола BitTorrent была куплена бизнесменом и создателем проекта TRON Джастином Саном. Об этом информирует издание Variety. Сделка была закрыта на прошлой неделе. Источник издания, знакомый с ситуацией отметил, что сотрудникам BitTorrent было запрещено разглашать эту информацию.

2018-6-12 17:09