The founder of BitTorrent leaves to start his own cryptocurrency after TRON (TRX) Acquisition


It seems that all the original founders of the internet are involved with cryptocurrencies. This time, we are seeing Bram Cohen, founder of the peer-to-peer file transfer platform, BitTorrent, who leaves to work on his own cryptographic project, Chia.

From Torrents to Blockchain

The news, reported by TorrentFreak, arrives a few months after the acquisition TRON (TRX) of BitTorrent. TRON founder Justin Sun has spent $ 140 million on his mission to make his blockchain "the largest decentralized Internet ecosystem in the world." The integration of BitTorrent into the Sun project allows the Seeder to earn TRX – an idea that Cohen apparently did not

Cohen revealed the idea of ​​BitTorrent in the world in 2001 while founding the company in 2004. Although initially the platform has made millions, it has never been considered a financial success. He did not care much for the money, but Cohen blamed the management for the BitTorrent bankruptcies and began to distance himself from the company.

TorrentFreak reached the founder, demanding that his thoughts on TRON take over. Cohen replied briefly, stating, "I have no involvement with Tron." The website pressed Cohen and asked if this means that he is no longer part of the company he created, to which the inventor replied, "It's correct." [19659004] Suggested Reading : Learn more about Tron in our beginner's guide "What is Tron?"

A 'natural evolution

Now, Bram Cohen is working on Chia, a project "focused on improving the cryptocurrency infrastructure". The website states that the platform will use a currency based on "time and space tests" compared to more traditional work trial algorithms. Chia "cultivates" coins instead of extracting them, rewarding the "farmers" who provide their empty space to the platform. The goal is to provide a more energy efficient blockchain. Details can be found in the Chia FAQs.

Nominated as a grain, Chia seems to be a natural evolution based on blockchain from BitTorrent. While torrenting is a form of decentralization in itself, Cohen's new project is shifting its P2P vision to our favorite distributed master book. The website notes that no encoding has yet been performed, but the "mathematical primitives" have been elaborated.

Chia plans to launch a network by the end of this year.

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