Translated material
Bittorrent is sold by blockchain startup
Bittorrent, one of the pioneers (and the largest player) of decentralized architecture of distribution and storage of data for sale for $ 140 million to the founder of the Tron blockchain startup.
Rumors of negotiations between Tron and Bittorrent appeared more than a month ago. The first announced the transaction of the Variety portal without specifying the amount. Now, according to TechCrunch , the shareholders were sent to the transaction, and the price of $ 140 million is indicated there - the company’s payment and other cash of the company will be divided between shareholders.
TechCrunch managed to contact one of the shareholders of Bittorrent, which revealed two possible goals of the transaction. Firstly, Bittorrent can be used to protect Tron reputation-for example, from accusations of Filecoin and Ethereum technology plagias. Secondly, based on a file-sharing network, a platform for cryptocurrency mining can be expanded. A little later, Bittorrent made an official statement for Torrentfreak. That the company plans to adhere to the previous course, denying any commercialization and participation in support of cryptocurrency operations. This is indirectly confirmed by the Bittorrent actively working on the new iOS application, which will allow users to play videos on mobile devices, and is looking for a recruiter for hiring new talents in mobile development.
The transaction was the completion of the company's turbulence stage, to which you bring not the most successful managerial practices. Earlier, Akamai and Rovi (now Tivo) considered the purchase of Bittorrent. Akamai instead acquired Red Swoosh, a competitor of Bittorrent, and Rovi has chosen a different development vector. Other crypto companies also showed interest to Bittorrent.
Tron is one of the recruits of the blockchain. Founded by Justin San, who used to work on Ripple (cryptocurrency platform for payment systems). Tron has an ambition to build “truly decentralized Internet and its infrastructure”, which includes (here's a surprise!) Creation of its cryptocurrency, TRX. TRX is such a bitcoin for the entertainment industry that is supposed to be used to pay content on the Mainnet network . Mainnet is the Tron's own network for transactions launched on June 21, 2018. Market capitalization for all TRX is currently a little less than $ 4.6 billion, and the cost of one coin is $ 0.045.
Bittorrent is a private American company that is responsible for the development and development of the Bittorrent Protocol, as well as the constant development of μTorrent and BitTorrent, two customers of this protocol. The company not so long ago stated that its products have about 170 million users, and 40% of global network traffic passes through its Bittorrent protocols. Bittorrent was founded in 2004 by Bram Cohen and Ashwin Navin. He was a pioneer in the use of a decentralized network architecture for file exchange. Bittorrent has become a synonym for “file exchange”, with all its pros and cons. The company struggled with the fame of PEER-2-Peer technology, which can be used to illegally distribute files protected by copyright, or other materials . Bittorrent also openly advocated privacy and confidentiality on the Internet.
In 2008, Bittorrent was forced to significantly reduce staff and conduct recapitalization. Over the next years, the company has successfully developed business, earning an advertisement at the display and pre -installed software. Now the company has changed the name to Rainberry.
Earlier, Bittorrent corporate services were allocated to the Autonomous company Resilio. The founders of the company also departed: Cohen is building an “ environmentally friendly ” Chia cryptocurrency, and Nevin develops Samba TV, a mechanism of content recommendations for Smart TV applications, which involves the use of cryptocurrencies to stimulate users to share data about their preferences.
According to PitchBook, over the past 14 years, the company has attracted about 60 million dollars and at the peak of the cost was estimated at about $ 145 million.
*** The material was prepared by Evgenia Khotovitskaya,
Especially for Roskomvoboda ***
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