Cryptocurrency in Focus: TRON Buys Its Way Up – Stock Market – Business News, Market Data, Stock Analysis

TRON is a controversial, yet influential, player in the crypto space.

Led by the charismatic Justin Sun, TRON’s Singapore-based network has initiated an aggressive strategy recently to acquire various infrastructural elements of the crypto space, allowing it to greatly expand in just about two years.

The group’s first major acquisition was BitTorrent, a peer-to-peer file exchange protocol, snagged for $120 million in June 2018. That buy gave TRON the ability to offer the BTT token — which could be used as an incentive for people to seed files on the BitTorrent network with hosts getting paid in the tokens.

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