Few people know of the botched attempts by BitTorrent, the former P2P leader, to transform themselves into a media company after dropping from the BT download peak. It is clear that, despite being a game of technological change, BitTorrent is no longer a favorite of the Internet industry. The refurbishment supported by Tron has led to a period of past decade of adversity. Now in a new classic Internet socket, Tron also converts a new page.
A week before the launch of the Tron Internet company, Justin Sun and Blocchin acquired the developer BitTorrent, an unmatched P2P protocol, for $ 140 million across the Pacific. For a long time, BitTorrent was looking for a buyer. In the end, the decision was made to join Tron, a star project in the rising tide of blockchain technology.
Recovery from the classic Internet
There are always people in this world fighting for a nation of their dreams - a liberal, equal, democratic, self-governing nation no longer bowing to authoritarianism or cheating young people or older people. This is also true in the Internet world. Here are the revolutionary geeks who have not stopped decentralizing the web.
In 2004, there was a new way to decentralize downloads for global Internet users. BitTorrent introduced P2P network as a new way to share and store data. Different from server-based mode, with BitTorrent everyone can provide third parties with downloadable data, which means that the more people exchange and share via BT, the faster download speed. This makes sharing and distributing large files (such as videos) much easier. BitTorrent is a milestone in the development of the classic Internet when streaming videos began to transcend sounds.
BitTorrent is a leader in P2P data sharing, storage and backup under a distributed network architecture. More importantly, they created a new perspective for the basic class that raised new concepts and concepts of the Internet.
Justin said in his message to the community: "BitTorrent is the basis of decentralization. Developers, entrepreneurs and the decentralized Internet community are considered the original pioneers of decentralized technology. It is the foundation of open, transparent and shared Internet. protocol."
However, it soon revealed open source problems and copyright problems in shared files. Content creators and publishers have attacked BitTorrent's P2P technology for security issues, hacker attacks, leakage of private information, policy restrictions, revenue distribution, and copyright issues. In addition, with the rise of video sites, the busy transmission of P2P online data has decreased consistently.
Although BitTorrent is still home to at least 170 million active users per month and 40% of the global Internet flow, the marketing of its technologies remains a major challenge. BitTorrent founder believes that a company that has a great tool should do something bigger.
Following the boom of Bitcoin, the blockchain-based P2P network distributed technology and encryption algorithm and consensus raised hope in the classic Internet. The asymmetric encryption algorithm of blockchain technology allows privacy protection during the creation of a direct P2P connection. No third party can participate in P2P interaction. Data is decentralized by storing and storing data in the hands of users. At the same time, the use of smart nodes allows each shareholder to share the interest peacefully and to promote consensus on data at the application level, which strongly supports the legitimacy of the decentralized network.
The official site of BitTorrent also shows the direction you are heading. Aims to achieve the highest level of data mobility. Wants to allow creators to capitalize on innovations and users so that they can build the ecosystem in the ways they love, with consensus on shared content. It seems that BitTorrent will find its best ally in the blockchain industry.
Internal compatibility Draws BitTorrent and CockChat together. TRON, one of the largest blockchain-based operating systems in the world, is said to provide highly scalable, high-availability and high-productivity support, serving as the basis for all decentralized TRON ecosystem applications. The protocol also uses an innovative, plug-in contractual platform to improve compliance with Etherrium's smart contracts. TRON has a vision to create a global system for free entertainment and web decentralization.
Paying a generous $ 140 million not only is BitTorrent out of its struggles, but it also points to a new attempt for classic web and blockchain industries.
Mutual Benefit: 1 + 1> 2 This huge acquisition, another big step since TRON's announcement of independence, caused a sensation in the blockchain industry where excitement is raised one by one.
Technologically, collaboration with BitTorrent will certainly enhance TRON's distributed core network. It is known that BitTorrent will provide help on the TRON storage layer to improve its performance and stability in general. In essence, the BitTorrent marriage and TRON's blockchain technology will be implemented through the joint creation of a secure cloud computing database and BitTorrent technologies to create real business value. This collaboration will also highlight the strengths of deploying powerful core protocols such as cloud storage, distributed downloads and content distribution on TRON's public blockchain.
One of the main advantages of the acquisition is that BitTorrent users of 100M + are now TRON. In fact, both companies have more users than any other player in their respective fields. It represents the 170 million active monthly users who have made BitTorrent one of the best performing protocols based on P2P technology. Through the TRON Declaration of Independence on June 25, there were already more than 1.2 million TRX holders worldwide, more than any other symbolic population.
The flow of 100 million users enhances the user base of TRON's ecosystem and injects vitality into its community. For one reason, the TRON ecosystem has been meeting the needs of BitTorrent users for a long time. With TRON's incentive plans, these users will be able to recognize its value and promote a stronger consensus, which will encourage them to become TRX owners. The bullish outlook for TRX is expected to lead to satisfactory performance despite the market's sluggishness, ensuring its position among the top 10 and rounded out from sixth place.
For another, driven by earned interest and shared values, BitTorrent content contributors will not only be actively involved in community development, but also the cost of customer acquisition and the cost of user activity can be significantly reduced. In this way, more contribution could be made to the establishment of a global free entertainment system, which would reduce the final marketing threshold.
Not only did young TRON inspire, but it also showed to the blockchain and traditional Internet industries how 1 + 1> 2.
As we all know, having faced the problems of users and high flow costs, the conventional Internet distribution is no longer intact. It urgently needs a new incentive mechanism to restore vitality. Coupled with symbolic economy based on blockchain technology satisfaction. Its versatile composite ecosystem is characterized by sustainability and recyclability, allowing global participants to participate in research, development and maintenance wherever they may be. Community users play a key role in ecosystem development, taking initiative for communication and transformation. Once the same values are shared, user interaction can grow at an unexpected rate. All of these can not be possible in the classic Internet.
The traditional Internet needs to transform or improve the current business model with a symbolic economy. Emerging startups are keen to pursue mature technology, user base and commercial Internet business genes in exploration and development. desire. Therefore, instead of hostility, both will maintain openness and cooperation in a world that exists, thereby building energy for the next major commercialization.
TRON's acquisition of BitTorrent provided another view of the traditional Internet industry mix and blockchain, which may be recorded as a classic case of blockchain's acquisition of a traditional Internet company in the history of blockchain.