As reported by TorrentFreak, Justin San, the founder of TRON, is in the process of acquisition by the company BitTorrent Inc., which in turn is the operator of the torrent client uTorrent.
Earlier this year, Justin San has filed a lawsuit against BitTorrent Inc., who changed the name to Rainberry, but violated the agreement. In the lawsuit noted that after the signing of the letter of intent, David Chao of BitTorrent has received three “excellent” bids from other companies.
At the same time, request Sana banning BitTorrent termination of communication with other potential buyers were rejected by the court.
TorrentFreak writes that immediately after the term of the agreement of intent over San registered holding company under the name “Rainberry Acquisition”.
BitTorrent confirmed to TorrentFreak that the acquisition is not yet completed, and Justin San declined to comment.
TRON which will launch its primary network in five days, has a market capitalization of $ 4.6 billion dollars and currently ranks ninth in the ranking of cryptocurrencies on Coinmarketcap. TorrentFreak notes that the aim of the network TRON is decentralization of the network, and torrents are mentioned directly in the technical document (white paper) TRON coincide with BitTorrent.
The Creator of BitTorrent, Bram Cohen announced last fall that it plans to create its own cryptocurrency, Chia, which should correct the “problems of centralization” of Bitcoin (BTC).