Tron’s BitTorrent Network Reaches 2 Billion Downloads
Peer-to-peer file sharing service BitTorrent, and little brother uTorrent, have now been downloaded more than two billion times on various platforms. In the announcement, Sun hinted that BitTorrent would soon be releasing new products:
Acquired by Justin Sun’s Tron Foundation in July 2018 for a rumoured $140 million, the service was said to have had 170 million users.
In early 2019, it launched its own token, Bittorrent (BTT), to incentivize users to hold files on the network, which would increase overall download speeds by having more copies of any file available. Some believe that file sharing service BitTorrent File System (BTFS) copied elements from the Interplanetary File System (IPFS), which came to a head after a recent rebranding of the BTFS logo to something strikingly similar to the IPFS logo.
