The Creator of the cryptocurrency TRON (TRX) Justin San (Justin Sun) is considering buying the company BitTorrent Inc. (renamed in Rainberry), the operator of the client uTorrent, used by more than 100 million users. According to several sources, the parties have reached agreement on the basic conditions and progressed to the final stage of the transaction, and San intends to use the resources Rainberry to build a decentralized Network.
Earlier, Justin San BitTorrent sued for breach of an obligation not to consider other proposals after the signing of the Treaty of intent, which, in his opinion, were violated in the course of the talks with three other potential buyers. In November last year by the Creator of the Protocol and company of BitTorrent Bram Cohen (Bram Cohen) said that it will release its own crypto currency Chia, able to solve the “problem of centralization” of bitcoin.
At the moment, TRON is a top ten cryptocurrency in terms of market capitalization, according CoimMarketCap. The price of the TRX token for today is $0,070505.