BitTorrent Has – No Plans to Switch – After $120 Million Tron Acquisition CoinDesk, When Moon


Peer-to-peer verkeersopstopping sharing service BitTorrent seemingly shoved back against claims it would start using cryptocurrencies after being acquired by the Tron Foundation.

Ter a statement posted to its webstek Tuesday, BitTorrent wrote that the company has “no plans to change” its business proefje and will not charge fees for any of its services. Further, the company stated that it has “no plans to enable mining of cryptocurrency now or te the future.”

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The company wasgoed recently acquired by the Tron Foundation’s Justin Zon, according to a report from Diversity.

The statement continued:

“BitTorrent has bot a pioneer of peer-to-peer opstopping sharing and wij believe our vision of democratizing the Web by enabling decentralized, resilient access to information remains spil relevant spil it wasgoed when wij began.”

News that the company would be acquired very first emerged last week, and on Tuesday it wasgoed reported that the price tag of the overeenkomst wasgoed $140 million. However, BitTorrent co-founder and former voorzitter Ashwin Navin told CoinDesk ter an vraaggesprek that the flagrante acquisition cost wasgoed $120 million.

“The value of the overeenkomst is about $120 million. I think there are some numbers out te the public that were wrong, I think the value is lower than that,” Navin told CoinDesk.

Price tag aside, the news sent Tron’s TRX token’s up almost 20 procent, according to a previous report from CoinDesk.

Zon, who founded the Tron Foundation, reportedly said during a radiodifusi√≥n showcase that he has “full respect for BitTorrent.” However, he declined to say what he hoped the two companies would work on after the merger, only noting that news would be released next month.

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On Tuesday, BitTorrent concluded its postbode by telling “we reiterate that wij are committed to our hundreds of million users worldwide and will proceed to invest and innovate te the BitTorrent and uTorrent products.”

Extra reporting by Annaliese Milano.

BitTorrent picture via Piotr Swat / Shutterstock

The leader ter blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a stringent set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests ter cryptocurrencies and blockchain startups.

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