New Tron CEO Blog Post Calls BitTorrent “the Jerusalem” for the Sacred “Internet Spirit”


Justin Sun was recently in attendance at a decentralized app developer meetup. Along with the CEO and Founder of Tron, the other speakers at the meetup included:

  • Head of Tron dApp, Li Xiadong
  • CEO of Xiannvzuo Technology Company, Minako Kojima
  • Computer Science graduate from the University of Alberta, Wu Xiao
  • Head of China of BitGuild, Chen Ha

In this meeting, Xiadong took center stage to talk about all of the accomplishments that the Tron Foundation has had within their platform. On the blog for Tron Foundation, the company expanded on the idea of BitTorrent, saying,

“BitTorrent is the Jerusalem, the sacred place for the decentralized Internet Spirit. It is seen as the birthplace for decentralized technologies by global developers, entrepreneurs, and decentralized Internet community; it is also a pioneer of Internet protocols that seek to be open, transparent, and decentralized.”

In an annoucement in July, the Foundation confirmed rumors that they had acquired BitTorrent in an agreement for over $140 million. To date, this is the biggest acquisition that the industry has seen, and it has already been integrated into Project Atlas with Tron. The goal is to speed up the Torrent platform, while promoting a stronger and longer lifespan.

Additionally, the Foundation also said that they will be available to developers for the creation of better products, which means that they are also preparing for additional traffic. Their efforts will give developers a greater opportunity to make a profit, though the “All in Decentralization” protocols for Tron will already be implemented.

During the meeting, the head of the dApp ecosystem said that Tron will continue to work on supporting the developers that they have around the world. In fact, they already have tools in place to do just that, like Tron Virtual Machine [TVM], Tron Box, Tron Studio, Tron Web, and Tron Infura.

Xiadong continued, adding,

“Additionally, Tron will support developers with mechanisms such as continuous strategic patience, equity investment, ecosystem incubation, product diversion, 1-1 special cooperation, currency investment, and competition incentives, etc.”

This year, Tron has been through a lot of growth, considering their increasing price in the crypto market. Based on the records at CoinMarketCap, the coin has experienced an increase of 25.05% in the last 24 hours. Presently, it has a market cap of $1,677,945,505, and it is trading at $0.025521.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide