Tron Bought BitTorrent And Crypto Won't Stop Talking
From Coindesk
The founder of a little-known cryptocurrency is making big waves.Read more: https://www.coindesk.com/tron-bought-bittorrent-crypto-wont-stop-talking/First leaked last week, more details emerged Tuesday on how Justin Sun, the founder of a controversial cryptocurrency project called Tron (with a market capitalization of more than $3 billion), is acquiring the file-sharing service BitTorrent for as much as $140 million.
(A subsequent CoinDesk report pins that total at closer to $120 million).
If you just did a double-take, you're not alone.
A quick recap: Tron, the 10th-largest cryptocurrency in the world according to data published by CoinMarketCap, is in the midst of gearing up for its big software launch.
The project officially kicked off efforts in May to shift from the ethereum token it used for fundraising (in what's called a 'token swap') to new coins on a wholly independent blockchain, dubbed Odyssey 2.0. But the road to that point has been a tumultuous one, marked by allegations of plagiarism about its white paper.
While EOS is fumbling out of the gate Tron seems to be off to a good start with a smooth launch and now a major acquisition. I don't hold any Tron and don't plan on buying any soon but it has attracted my attention now for further investigation.
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I have trx. I am glad to see they are making progress towards a better future after a rocky start.
1647 TRX supposed to be a dollar each by years end.
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