- Jul 27, 2021
On Tuesday, July 24, it was announced that BitTorrent is now officially a part of TRON. Although no official statement has been made on the amount paid by the blockchain startup to buy the file-sharing service, TechCrunch reportedly estimates the price to be around $126 million.
BitTorrent provides its services to over 100 million active users worldwide, has one of the top-rated apps on Google Play and its other products include BitTorrent Play (iOS), uTorrent Web, and desktop clients for PC and Mac. But joining the TRON network should further improve BitTorrent’s services.
BitTorrent will continue to operate from TRON’s San Francisco office, where all important operations related to global market development takes place. The deal will boost TRON’s global business expansion and partnerships further, making their firm “the world’s largest decentralized ecosystem”, according to TRON founder Justin Sun.
We are not sure yet if TRON has any plan to prompt its new userbase to mine its TRX cryptocurrency. But last month, BitTorrent stated 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.”
But the BitTorrent and uTorrent clients are still here to stay, for sure, and its users won’t yet have to pay for its services any time soon. However, we still have to wait to see if there will be future BitTorrent products.
All in all, TRON’s acquisition of BitTorrent will prevent BitTorrent’s business to completely shut down since the file-sharing platform had not raised much money since 2008.