We recently announced that Tron’s Justin Sun acquired BitTorrent and now we are also learning how exactly Tron will be able to enjoy this brand new acquisition that they made.
Sun purchased BitTorrent in June for $100 million, and during an interview with Cheddar, Ashwin Navin stated that Tron would likely leverage the collective computing power of BitTorrent’s massive users base – a few hundreds of millions of users.
Here’s how Tron can use BitTorrent’s user base
“I would say that BitTorrent for a lot of reasons was a pioneer in distributed computing. And we know that the crypto space is built around decentralization and creating incentives for consumers to do certain things. In the case of Bitcoin, they’re mining and providing a computing fabric for all kinds of transactions that are happening with Bitcoin,” Navin explained.
He went on and said that BitTorrent has hundreds of millions of users who made their computers available for sharing files.
He believes that a blockchain company could incentivize people with more than simply free content.
Maybe there are financial incentives for making your computer available for people who want to pay for it, according to him.
Creating a new peer-to-peer form of media
Tron could use BitTorrent to push the barriers of decentralization to new boundaries and meanwhile Tronwould also be able to create a wholly new peer-to-peer form of media.
He freedom of the press is limited to those who own printing machines, and decentralization did something great by reducing and lowering the barrier to become a producer of content.
Peer-to-peer computing became the distributed fabric for making files available and great channels like Cheddar today have a very low barrier to make media available.
✔@cheddarPrecursor to blockchain @BitTorrent was recently bought by cryptocurrency startup @tronfoundation for $140 million. Co-founder @ashwinnavin talks about how the computing power of hundreds of millions of file-sharing users can be utilized in the crypto space. #CheddarLIVE
“But there are still computing challenges that require lots of computing power, and I think that’s going to be the next chapter for BitTorrent. If I were in the driver’s seat there, I would be thinking about how do I turn what is a very large file sharing community into a group of people willing to do more with their computing resources,” Navin concluded.