Tron [TRX]: BitTorrent is the Jerusalem for the decentralized Internet spirit

Recently, Justin Sun, the CEO and Founder of the Tron Foundation, posted a blog on Twitter regarding the recent dApp developer meet up.

The keynote speakers of the meetup were Li Xiadong, Head of Tron dApp, Minako Kojima, the CEO of Xiannvzuo Technology Company, Wu Xiao, a Computer Science graduate from the University of Alberta, and Chen Hao, Head of China of BitGuild.

During the meetup, the Head of Tron DApp, Li Xiadong spoke about the recent projects and accomplishments of Tron Foundation. While speaking about BitTorrent, the biggest decentralized open-source ecosystem, the Foundation stated on their blog:

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

The Foundation confirmed acquired BitTorrent in the month of July 2018 and it was reportedly acquired for over $140 million. This is considered to be one of the biggest acquisitions in the cryptocurrency space. BitTorrent is currently a part of the Foundation’s Project Atas. The project is set to make the Torrent platform faster along with increasing the lifespan of the swarms.

The Foundation has further stated that they will be helping developers to build better products and pave path for more traffic. The Foundation also aims to enable the developers to earn more money in the future. In the meantime, the Foundation’s ‘All In Decentralization’ will be executed.

During the meetup, the Head of the Tron dApp ecosystem claimed that Tron will work towards supporting developers worldwide. They are planning on achieving this with by using their tools including Tron Virtual Machine [TVM], Tron Box, Tron Studio, Tron Web and Tron Infura. He continued to say:

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

Moreover, Tron [TRX] has seen a significant growth in terms of price in the cryptocurrency market. According to CoinMarketCap, the coin has surged by more than 12% in the past 24 hours. At press time, the coin was trading at $0.022 with a market cap of $1.49 billion.

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