Blockchain startup TRON announced in a blog post that it has officially acquired San Francisco-based software company BitTorrent. BitTorrent did not confirm any details, but TRON is said to have paid around US$126 million in cash, and the total amount of transactions was US$140 million. Based in Beijing and San Francisco, TRON is dedicated to the establishment of a truly decentralized Internet and its infrastructure. As a result of which it created TRX, a cryptocurrency for the entire entertainment industry. …

Blockchain Startup TRON To Acquire Software Company BitTorrent For $140M appeared first on China Money Network.