Cole Petersen · 23 mins ago · 2 min read · Insights via Band Protocol
Last month, Tron Foundation CEO Justin Sun acquired distributed technologies giant BitTorrent, which, on Aug. 14, the Tron community elected as one of 27 super representatives on the network.
BitTorrent Becomes Tron Community Leader
Taking to Twitter, Aug. 14, Tron announced that BitTorrent had garnered the 100 million votes needed to become a network super representative (SR).
BitTorrent just got elected by the community as one of the 27 #TRON Super Representatives, check out this video and learn more about their team and mission! @BitTorrent $TRX pic.twitter.com/XtJ6E2Arn1
— TRON Foundation (@Tronfoundation) August 14, 2018
In the tweet, Joe Joyce, director of engineering at BitTorrent, expressed excitement for the company’s growing involvement in Tron:
“I want to thank the TRON voting community for electing BitTorrent as a super representative. Everyone here is really excited about being an SR, and we really look forward to working with the other SRs to ensure the future of a decentralized internet.”
In mid-June, Tron Foundation CEO Justin Sun acquired BitTorrent for $140 million in an effort to achieve “the world’s largest decentralized ecosystem.”
BitTorrent is the owner and operator of popular torrent client µTorrent, which reportedly has more than 100 million active users and runs up to 40 percent of the world’s internet traffic on a daily basis, according to its website. µTorrent has also become an SR on the Tron network.
A Tron SR acts as a key node on the Tron protocol and is capable of validating transactions, creating new blocks and competing for block rewards.
Last month, Sun announced his campaign to run for one of 27 SR positions on the Tron network and was elected the following day, garnering 120 million votes by Tron token holders in under 24 hours.
At press time, there are only 18 elected SRs active on the network, according to Tronscan.
Tron Airdrops 9 Million TRX, Lists on BitBox Exchange
On Aug. 14, Tron (TRX) started trading on Singapore-based cryptocurrency exchange Bitbox. To promote the new listing, Tron announced a 9,000,000 TRX airdrop available to users until Aug. 22.
— BITBOX (@bitbox_official) August 15, 2018
Bitbox is a decentralized exchange owned by Line Corporation, an internet service and mobile app developer. According to Line, TRX is the first coin to gain approval by Bitbox’s open-listing committee. The move indicates Line is gradually expanding its cryptocurrency business in an effort to meet rising popular demand.