Tron [TRX] became the most controversial coin in the market because of the acquisition of BitTorrent, one of the biggest Torrent platform in the world. The rumors of the speculation were going on in the market since September 2017, which was confirmed by both the parties a few months back.
The acquisition led to Tron becoming the largest decentralized ecosystem in the world. Ever since its inception, Tron has been working towards Decentralizing the Internet and BitTorrent has also been working with a similar idea, Democratize the Internet.
Justin Sun, the Founder and CEO of Tron Foundation, during the launch of the beta version of Tron Virtual Machine, announced that BitTorrent would be integrated with Tron and unveiled Project Atlas. New information regarding the project was announced during the TVM launch.
According to the Founder, the integration is going to add on to the global payment and settlement of the online content. For this, an inclined token and a custom token will be introduced, this is also going to eradicate the limitations of BitTorrent.
In addition, users are going to earn token for uploading content on the platform and incentivize them to continue seeding even after the completion of the download. The CEO of the Foundation stated that there would be no mining activities involved in the project and that the users will have to use only the tokens which are provided by the platform.
While a part of the community is rejoicing stating that BitTorrent is going to become the next Netflix, a part of the community is concerned over the execution of the plan.
The main reason for this is the possible lawsuits against the Foundation in the future. This is because most of the available content is pirated on BitTorrent. If there is value added to the pirated content, then it would draw the attention of all the intellectual property owners. This would in a way pave a path for innumerable lawsuits.
1117777111, a Redditor said:
“BitTorrent got away with a lot because there were no financial transactions taking place – made it difficult to really justify court orders and targeted legal action. As soon as you add a value transaction to piracy it would become one of the biggest targets of intellectual property lawsuits the piracy space has ever seen”
The Redditor further adds:
“This acquisition is interesting and all, but it also concerns me that they have no idea what they’ve gotten themselves into. These organizations have more than enough power to shut down Tron Foundation activities in many countries if they don’t do this properly.”
“While torrents are widely used for illegal content, it’s also used by open source companies to distribute large files and reduce their operational expenses. Yes, there may be illegal content on torrent networks, but this has nothing to do with Tron or their plan to integrate.”
The Reddit user further adds:
“It may be possible that it’s used for something illegal, the legal aspect will likely far outweigh the illegal and it will be akin to the internet with good and bad and memes. Except this would be a distributed internet where you cannot block the memes.”
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