BitTorrent Acquired Currency Company Digital

Internet users who often download data from the virtual world would be no stranger to BitTorrent Inc. Reportedly, the company shares this peer-to-peer file has been sold to the owner and founder of Tron Cryptocurrency, Justin Sun. In a report published by Variety, it was mentioned that the sales process had been completed last week. Although not mentioned the sale price, the value of BitTorrent Inc. is estimated to reach 140 million US dollars or about Rp 1.9 trillion.

This figure is quite fantastic for a company that has been established since 2004 ago. Moreover, BitTorrent Inc. in recent time reportedly experiencing business turmoil that makes the company's internal conditions getting hotter.

In a statement, BitTorrent said it currently has about 170 million active users including several key clients. BitTorrent Inc. also claims that its protocol transfers files as much as 40 percent more than internet traffic on a typical day and is safer because there are hardly any gaps to hack. An unnamed source said the acquisition had been planned for some time now.

In the process, the company forbade employees to speak the deal about the deal. Actual plan of this acquisition has been alluded to Justin since early January, but then there is no further news of the wishes of this Justin. Until now, there has been no further information both from the Justin Sun and BitTorrent Inc. related to the implementation of this acquisition results in the future. However, one shareholder said there were two plans.

First, the acquisition will be used to legitimize the Tron Cryptocurrency business accused of plagiarizing FileCoin and Ethereum in the development of its technology. Secondly, as a potential network to help mine coins. Tron will take advantage of BitTorrent's peer-to-peer architecture and a vast network of users.