BitTorrent is a well-known peer-to-peer software which facilitates file sharing. For clarity, File sharing is the practice of distributing or providing access to digital media, such as computer programs, multimedia, documents or electronic books.
The community believes that BTT will be huge in the future and that we all have to be patient. Several experts believe that there is a lot of profit potential for the year 2021 with BTT.
There is no denying that the influence of the Chinese markets and institutions in crypto are massive. According to those who are well read about TRON, the infrastructure is fundamentally good.
A Reddit thread points to how China will have control over the core blockchain projects as they are working on their national blockchain infrastructure to further permit the Chinese market to open up and trade.
It is expected that China’s Yen permissioned blockchain will have 30 open portals for other Public and Permissionless blockchains to integrate to eventually make it work for the Chinese and the global market. When this happens, it is expected that when this happens a fresh wave of Chinese money will flow in to the integrated cryptos.
While China has been ranking the different projects, TRON projects have been fluctuating between the 2 and 4th spots.
The Blockchain Based Service Network (BSN) is expecting to complete the integrations with a total of 30 public blockchains.
Reportedly, per a reddit thread, “EOS, Ether, Tron, IOST and Dash – Dot, Cosmos, Algorand and a few others are already selected due to their involvement in building the core infrastructure. They have been allowed to be openly traded by China’s retail traders and institutions.”
Tron’s is said to have had a deep involvement with the Chinese Government before the acquisition of BitTorrent. Tron according to sources was not the highest bidder for BitTorrent back in 2018. The highest bidder was NEO aka NGC (Neo Global Capital) who offered $50 million higher in the bid war. However, BitTorrent accepted Justin Sun’s offer due to his plans for BitTorrent.
Justin’s plans which have been backed by the Chinese Government has been valued to be more than the extra $50 million in the eyes of BitTorrent’s future in the blockchain space.
Also, Charles Hoskinson, Vitalik and Satoshi referenced BitTorrent as a proven scalable decentralized network success.
Those who are willing to survive reading a very long reddit post about these statements should check – Hard Facts with Sources Why I hold TRON and BitTorrent.
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