Peer-to-peer trailblazer BitTorrent has purportedly sold its business to blockchain startup TRON for a fee of $140 million, TechCrunch reports.
The publication notes details are still being worked out and shareholders are yet to sign off on the deal definitively, but it is unlikely negotiations could fall through at this point. TechCrunch suggests the holdup has to do with a dispute over who made the introduction between TRON CEO Justin Sun and BitTorrent.
The story first started to shape up when last month TorrentFreak learnedSun was in the process of acquiring BitTorrent. Variety then confirmed that the deal had been finalized last week, but did not mention the exact [...]
The blockchain industry started back in 2008 and has steadily grown into one of the largest markets in the world. The total market capitalization touched $800 billion in Jan 2018, and that is an impressive feat for a market that was relatively unknown, just a few years ago.
However, with its rise, it has also faced considerable issues. The dominant blockchains, Bitcoin and Ethereum, are unable to handle the large number of transactions that the networks are receiving. As a result, users have to pay higher fees and have to wait longer for their transactions to be accepted.
For a growing market, such a roadblock can be detrimental to its reputation, and turn [...]
CoinEgg will support TRON blockchain upgrade and token migration medium.com
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South Korea is one of the fastest growing crypto economies in the world. Recently two of the South Korean Universities have signed a deal which is more of a partnership agreement with American based cryptocurrency Ripple to provide assistance with financial and technical support for research into blockchain agreement algorithms and smart contracts security. According to the sources Ripple also has similar contract agreements with a range of universities, including the Massachusetts Institute of Technology (MIT).
Korean University ‘s graduate school has developed a new Blockchain Research centre which will train Blockchain experts at the university which is [...]