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TRON HAS NO CAPACITY TO TOKENIZE BITTORRENT, AFFIRMS EXEJECUTIVO


Morris believes that the volume of BitTorrent transactions would collapse the capacity of Tron. The tokenization of BitTorrent had been considered since before Tron’s proposal.

Simon Morris, former head of strategy for BitTorrent, said that Tron’s network does not have enough capacity to process the volume of transactions that BitTorrent generates daily; therefore, it is very difficult for Tron to tokenize the platform. In an interview for Breaker, Simon Morris – who was a BitTorrent executive for almost 10 years – gave his opinion about the launch of the BTT token, the new cryptoactive developed by Tron for BitTorrent. The BTT will be commercialized soon in the market through an Initial Currency Offer (ICO). According to Morris, the Tron network does not have enough capacity to process the volume of transactions generated by the file download platform. The former executive -based on previous studies of the company- stressed that a blockchain network for BitTorrent has to process hundreds of transactions per second, at least; a volume that, he believes, could severely congest Tron’s network. Morris believes that Tron does not provide “enough confidence” for users to invest in BitTorrent, due to the low scalability of their blockchain. Added to this are the controversies in which this network has been involved lately, after its White Paper was pointed out as a plagiarism to other ecosystem projects. A TOKEN TO DOWNLOAD FILES Simon Morris left his position as a BitTorrent executive after Tron publicly announced the acquisition of this company in July 2018. However, before his resignation, Morris was in charge of evaluating the potential it offered. the cryptoactive technology to BitTorrent. About which, he commented that they had already thought in advance of the idea of ​​tokenize the platform. According to the former executive, the original idea of ​​BitTorrent was to create a token to apply it in automated auctions, which prioritize the download queues in the platform and streamline this process. In order to understand this objective, it is important to take into account that BitTorrent works by splitting into parts hosted files on the servers or computers of its users (who allow access to them), and then make them available to other users who wish to download them. People who have a faster connection to the Internet can download the files in less time and, therefore, have the document on the network so that the rest of the users can access it directly. That is, they allow users with a more lacking Internet connection to access their files more quickly. The biggest weakness of this system, according to the former BitTorrent CSO, is that it is very difficult to determine which users have the fastest connections. For this reason, Morris believes that a reward mechanism with tokens to users with a better upload and download speed could solve this problem more effectively. ANTAGÓNIC POSTURES Tron offers to solve the problem just described with the BTT token. However, Morris is not so convinced that the services of the blockchain in question meet the expectations of BitTorrent. The executive considers that Tron can not reach that level of scalability and that it will be congested during the first tests of the token. A position that contradicts the assertions of Justin Sun, CEO of Tron; who affirms that said network is capable of performing up to 10 thousand transactions per second, according to performance tests of its team of developers. As for Tron’s opinion about the claims of the former BitTorrent CSO, a spokesperson told the source that “the actions and execution [of Tron’s plans for BitTorrent] will have more volume than the words of a former dissatisfied employee.” A comment with which they show full confidence in the success of their project with the BTT token. In addition to Morris’ statements shortly after the MTB’s Initial Currency Offer was announced, personalities such as Elizabeth Stark, co-founder of Lightining Labs, criticized that Tron was making a second ICO through BitTorrent. Likewise, the US media highlighted that Roger Choy, former CEO of BitTorrent, did not agree with the ICO either. Although, these statements were contradicted by a later tweet of the executive in which congratulated both companies.

La entrada TRON HAS NO CAPACITY TO TOKENIZE BITTORRENT, AFFIRMS EXEJECUTIVO se publicó primero en ELEVENEWS.

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