Media: the creator of the cryptocurrency TRON acquires BitTorrent

Media: the creator of the cryptocurrency TRON acquires BitTorrent


Creator of cryptocurrency TRON (TRX) Justin Sun is in the process of purchase company BitTorrent Inc., operator of the popular client uTorrent, the user base that makes more than 100 million persons. TorrentFreak writes about it.

Justin Sun gave up the comments relatively credible transaction, however the representatives BitTorrent confirmed his personal interest, marking that the process of sale company while is not completed.

As edition marks, in spite large number of users, BitTorrent, from the end of the past operating under the name Rainberry, so not justified the hope of early investors, not managing to grow into a large technological company.

Concerning changing of the name, abandonment from the former well knowable name in a company before named a “exceptionally corporate decision”. However, not eliminated, that it was conditioned exactly by plans on the sale of company.

Notably, that before Justin Sun went to court with BitTorrent for violation of obligation not to examine other suggestions about the sale of company. It happened already after signing of agreement on intentions, that, in opinion of creator Tron, BitTorrent violated, beginning negotiations with three other potential customers.

Cryptocurrency  Tron with capitalization more $4,6 billion are included in ten of the largest digital assets and prepares to the quick start in a basic network.

Interestingly, that founder BitTorrent Inc. Bram Cohen also professed interest to crypto conversion with the purpose creation excellent, called Chia. As far as it is known, he in no way is part of the future Tron.

Developer of  BitTorrent Bram Cohen announced creation the new cryptocurrency, that, according to him, will become an answer for calls standing before bitcoin, last year.

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