TECH

Startup buys BitTorrent for $ 140 million

BitTorrent will be sold for $ 140 million to Tron, a media startup that operates on a blockchain system.BitTorrent, which was one of the pioneering services of decentralized digitized programs school, has been looking for a buyer for several months and recently announced that it still has around 170 million users in all of its products. On an ordinary day, the company claims that its protocols are used in 40% of the traffic generated on the internet.The buyer, founded by Justin Sun, says its mission is to build "a truly decentralized Internet." The company is also the author of a cryptomoeda known by the acronym TRX, which should serve the online entertainment market built within the network that this organization aims to build. Each coin now costs $ 0.045.One of Tron's shareholders admits that there are two plans for BitTorrent. The first is the legitimization of the startup business, which has not yet gained a reputation in the industry and has faced accusations of plagiarizing some of the core ideas of FileCoin and Ethereum; and the second is the consolidation of a network that can be used to mine crypto-coins, using the BitTorrent P2P architecture and the extensive user base it has.
Note that this system is seen as being more secure than centralized competitors since it does not have any central repository that could be targeted by a computer attack. In this case, all the computers that use the service serve as articulation of a vast and international system, which disperses the contents through several terminals. However, the service is best known for feeding illegal file sharing, serving infamous platforms such as The Pirate Bay, a part of the story that has associated some poor publicity with its services.
Despite having a steady source of revenue and not raising investment for 10 years, the service never reached the commercial success expected by investors, which led to a steady "chair dance" in management and a consequent dispersion in the products offered to consumers.



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