News

Inventor Of BitTorrent Has Left The Company After TRON Acquisition

Bram Cohen who is the founder of BitTorrent has reportedly left the company after the acquisition by the Blockchain startup Tron foundation.

The BitTorrent acquisition was one of the biggest developments in the Tron community, a step towards making the web decentralized according to Tron’s vision. BitTorrent was acquired for $140 Million back in May as reported by Blockmanity and made it public in July.

Now according to a report from Torrent Freak, the founder of BitTorrent Bram Cohen is no longer a part of the team and is said to be working on his own environment-friendly Cryptocurrency called Chia which uses the proof of space consensus mechanism.

When Torrent Freak team reached out to Bram asking about his involvement with Tron, he responded with “I have no involvement with Tron,”. Although he was the tech lead in BitTorrent his involvement with the company is said to have decreased since last year.

No official statement has been released yet by Bram of the Tron team.

The aim of Tron is to introduce a reward system to the existing infrastructure of BitTorrent for the seeders to get rewarded with the Tron Cryptocurrency (TRX).

BitTorrent is one of the most visited websites in the world which gets Millions of users every day, monetizing it could be a big deal.

Image Source: Twitter


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Shrikar Parashar

Shrikar is a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.

Share
Published by
Shrikar Parashar

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

1 month ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago