INSUBCONTINENT EXCLUSIVE:
BitTorrent is now officially a part of Tron, the file sharing service confirmed in a blog post today
The news confirms rumors that have been floating around since the middle of last month
BitTorrent didn&t confirm any specifics, but Tron, a relatively new entrant in the wild world of blockchain startups, was said to have paid
around $126 million in cash for company
BitTorrent, of course, is no spring chicken
The San Francisco-based software company was founded way back in 2004, developing protocol that would become synonymous with file sharing in
a post-Napster world.
At present, BitTorrent claims around 100 million active users globally, with its self-titled client and BitTorrent
Now, the latter of which tends to be video/music focused
The company will maintain those clients, operating out of Tron SF offices to &provide robust support for Tron global business development
and partnerships, while pursuing its vision for the world largest decentralized ecosystem.&
As Variety notes, BitTorrent recently looked to
put to rest user concern about the acquisition, stating that it &has no plans to change what we do or charge for the services we provide
We have no plans to enable mining of cryptocurrency now or in the future.&
The companies haven&t disclosed their plans beyond that.
