BitTorrent is now officially a part of Tron, the file sharing service confirmed in a blog post today.
The news confirms rumors that have been floating around since the middle of last month.
BitTorrent didn&t confirm any specifics, but Tron, a relatively new entrant in the wild world of blockchain startups, was said to have paid around $126 million in cash for company.
BitTorrent, of course, is no spring chicken.
The San Francisco-based software company was founded way back in 2004, developing protocol that would become synonymous with file sharing in a post-Napster world.At present, BitTorrent claims around 100 million active users globally, with its self-titled client and BitTorrent Now, the latter of which tends to be video/music focused.
The company will maintain those clients, operating out of Tron SF offices to &provide robust support for Tron global business development and partnerships, while pursuing its vision for the world largest decentralized ecosystem.&As Variety notes, BitTorrent recently looked to put to rest user concern about the acquisition, stating that it &has no plans to change what we do or charge for the services we provide.
We have no plans to enable mining of cryptocurrency now or in the future.&The companies haven&t disclosed their plans beyond that.