According to Simon Morris, former chief strategy officer at BitTorrent, Tron will not be able to manage the transaction volume needed to tokenize BitTorrent. Blockchain news website BreakerMag published its interview with Morris on Jan. 11. According to the interview, Morris noted that when he worked at BitTorrent, he and his team discovered that bringing a token and automated auctions to prioritize download queues could increase the speed of the network by up to 40 percent. Nevertheless, Morris reportedly stated that there’s “no way” the Tron blockchain could handle the transaction volume that such a system would require. According to …

Peer-to-peer torrent client BitTorrent has launched a native token, BitTorrent (BTT), based on the TRON protocol, according to a press release shared with Cointelegraph Jan. 3. The token can be exchanged between users to optimize their network speed and attain faster downloads, according to the press release. BitTorrent’s first full-fledged move to begin to tokenize its content sharing ecosystem — which reportedly serves over 100 million users — comes around six months after the company was acquired by decentralized internet startup TRON for an undisclosed amount. BTT tokens, which are to be issued by the BitTorrent Foundation, feature native TRC-10 …

Decentralized internet startup TRON announced fresh details of its bid to integrate with torrent client BitTorrent in a press release Thursday, September 27, two months after the first plans went public. TRON, which acquired BitTorrent in July for an undisclosed amount, is now seeking to use its TRX token within the platform’s user base to create a hybrid content sharing ecosystem which leverages cryptocurrency. Dubbed “Project Atlas,” the changes will come in the form of a series of “backward-compatible protocol extensions,” the release shared with Cointelegraph now confirms. “To start, the product will feature faster downloads, more seeds, no mining, …

Software company BitTorrent Inc. has reportedly been sold to blockchain entrepreneur and developer of the TRON platform, Justin Sun, Variety reported June 11. The acquisition ostensibly closed last week, with BitTorrent management informing staff about the deal. According to a source aware of the transaction, the company’s employees have been advised not to release any information. Variety reported that some of the stakeholders have also been contacted by the transfer agent who was hired for the deal. No financial details of the acquisition have been available as of press time. Last month, Cointelegraph reported that BitTorrent was in the process …

BitTorrent Inc., operator of torrent client uTorrent, is reportedly in the process of being acquired by TRON founder Justin Sun, TorrentFreak reports Friday, May 25. Earlier this year, Justin Sun had sued BitTorrent Inc. - which changed its name to Rainberry last year - for reportedly violating a “No Shop” clause from a letter of intent he had signed in January. Sun’s lawsuit notes that after the letter of intent was signed, BitTorrent’s David Chao told Sun that the company had received three “superior” bids from other companies with which they had communicated. Sun’s request for a restraining order for …