Tron has been one of the more successful cryptocurrency projects over the past year. Despite not having launched a main net, the hype and expectations associated with Tron are very real. It now appears the founder of this cryptocurrency project is looking to buy BitTorrent Inc. That is a rather intriguing development, and a very strange decision by Justin Sun.
TRON AND BITTORRENT COME TOGETHER
There has been no shortage of hype and excitement regarding the Tron project. While it’s a successful cryptocurrency already, the project still has a lot to prove to the masses. Even so, it seems the creator of this project is looking to diversify his holdings. Unlike what most people would expect, he is not going to buy other cryptocurrencies, but rather has his sights set on something else entirely.
Tron founder Justin Sun is apparently in talks with BitTorrent Inc. to acquire the company. It seems both parties have been in talks for quite some time now, and the deal should soon be finalized. While it is true that Tron is designed to decentralize the World Wide Web, doing so will require the use of existing technology.
While BitTorrent doesn’t have the best of reputations in the world of technology, neither do cryptocurrencies such as Tron. Even so, the public’s perception of both entities may change pretty quickly if they come together in a meaningful way. The acquisition of BitTorrent by Tron would certainly shake things up, although it remains to be seen if the deal will be finalized.
The past few years have not been easy for BitTorrent Inc. The company has a massive user base, but it never became the success story that initial investors had hoped for. Indeed, things have gone from bad to worse due to lackluster management practices and failed projects. BitTorrent was unsuccessful in taking its technology mainstream by offering legal downloads of music, digital merchandise, and so forth. Turning things around will require a radical change.
Decentralizing the internet is an interesting goal, albeit one that will be incredibly difficult to achieve. There are a lot of centralized aspects of today’s Internet, but decentralizing them will probably never happen. Acquiring BitTorrent Inc. will be a big stepping stone in this regard, but it will also require a ton of capital. Given Tron’s current valuation, it is evident this move will make or break the project as a whole.
All of this goes to show there needs to be closer collaboration between cryptocurrency and existing technology to make big things happen. It is evident things will not evolve in a positive direction unless both industries find ways to collaborate and decentralize the services people use today. At the same time, this will not benefit most technology companies, as decentralization will only lead to them earning less profit. It’s a very interesting albeit worrisome situation.