Tron’s BitTorrent Acquistion Starts Domino Effect for TRX Decentralized Web Vision
Tron (TRX) to Integrate BitTorrent in its System to Decentralize Internet
The Tron (TRX) project is set to get bigger with the recent development that so this entity add BitTorrent into its ecosystem. This addition means that the Tron Ecosystem now grows by an additional 150 million or more users from BitTorrent. BitTorrent already had a stable base as of 2013, with about 20-30 million users at any one time and a staggering total user base of about 250 million. Integration of BitTorrent into the Tron Ecosystem means that these users automatically become part of Tron. The system also gets the computing power utilized in the BitTorrent network.
Founder and chief executive of the Tron project in his announcement said that Tron aims to liberate the internet from the exclusive control of large corporations and give data rights back to the rightful owners; the people. He says that he aims to achieve this by integrating the BitTorrent network into Tron, to achieve the 21st century vision of a free, transparent and decentralized network because the internet belongs to the people.
The Tron project has been working to achieve decentralization for a while now starting with the Super Representative election. BitTorrent integration serves to strengthen this project.
It is important to understand how the BitTorrent network works to understand how Tron aims to use it to decentralize the Web. BitTorrent’s platform uses file sharing mechanism to increase download speeds. The system shares files in small pieces in a distributed system of nodes ensuring that no single machine has complete control of any one full file.
Having the files distributed across the network ensures that no one can restrict anyone from accessing any file and makes it easier to download the same as compared to downloading a complete file from a single source. Justin now wants to take this system and integrate it into the Tron blockchain to enhance the shared content and thus, effectively achieve his project’s goal of decentralization.
Since the Tron network will now be using individuals’ unutilized hard disk space to run the network, Tron may introduce an incentive mechanism to encourage PC owners to rent out their free space. Tron can stake TRX, its digital token to reward BitTorrent users, to encourage them to allow content to be stored and shared through their machines.
This approach is more or less similar to that of the SiaCoin (SC) in which the Sia platform uses the free hard drive space of the machines in its network as a data storage and sharing market place. This mechanism is easier and cheaper to use than the conventional cloud storage in which the hosts charged a premium to provide data storage space. In this case, the users provide the storage space for a small reward in form of digital tokens and they also get access to a large pool of free data.
For now, it is just a matter of wait and see on how the Tron Foundation is going to utilize the BitTorrent network once it is fully integrated. A key point to note is that BitTorrent has been mentioned eight times in Tron’s original white paper, an indication that this plan has been there all along. But let’s wait and see how it pins out.