BitTorrent has the user base, Tron has the crypto. The new BitTorrent Token (BTT) white paper explores ways to marry the two.
To incentivize file-sharing, BitTorrent is creating a cryptocurrency token on the Tron protocol.
BitTorrent users will soon be able to receive Tron's tokens as rewards for maintaining files online for extended periods of time.
Tron and Neo weren't the only crypto projects interested in acquiring BitTorrent; in fact, CoinDesk has learned, five others were tempted to buy too.
It turns out that more crypto companies explored buying BitTorrent than just Tron. Not previously reported, Neo Global Capital made a much higher bid.
The peer-to-peer sharing company now owned by Tron's founder has a small stake in a soon-to-be-launched cryptocurrency protocol.
At least five BitTorrent employees have left BitTorrent due to disagreements related to its acquisition by Tron founder Justin Sun.
File sharing software provider BitTorrent announced Tuesday that its acquisition by the Tron Foundation is now officially complete.
The founder of a smaller cryptocurrency called Tron is acquiring BitTorrent for $120 million and social media is alight over the real reason "why."
BitTorrent said it has "no plans to enable mining of cryptocurrency now or in the future" in a statement on Tuesday.