As reported by coingape, Tron recently announced it would be rolling out a separate token for the acquired company BitTorrent. Criticizing this Ex-BitTorrent executive Simon Morris recently commented that there’s no way Tron will manage BitTorrent’s token. Tron’s founder Justin Sun responded to Simon Morris and other token roll-out comments through his Reddit account.
Justin Clarifies Simon Morris claim that Tron will not be able to manage the transaction volume
The media has been rife with the news of a former executive at BitTorrent Simon Morris stating that “Tron will not be able to manage the transaction volume needed to tokenize BitTorrent”. As this interview and the news came in just after a week after the release of BitTorrent ’s project whitepaper, it has spurred controversy in the Tron community and the crypto community at large.
To bring peace to the market and stakeholders, Justin Sun took onto Reddit to provide his side of the story. According to him the project white paper clearly mentions,
“BitTorrent Inc. will deploy an ‘on-chain/off-chain exchange,’ which exists to facilitate the transfer of tokens between a high-performance private ledger and the public TRON blockchain.”
According to Justin to solve these issues the project is taking a hybrid approach. He further adds,
“Transferring files using the BitTorrent protocol involves splitting them into tiny pieces for exchange with many peers. Each exchange requires a micropayment, which is made off-chain. When the exchange is complete, these payments can then be anchored by on-chain consensus — a common approach on many blockchains today.”
It all began when Simon took a jibe at Tron’s capabilities
All they controversy erupted when an interview that Morris gave to BreakerMag surfaced on Jan. 11 where he stated that when he worked at BitTorrent, he and his team discovered that bringing a token and automated auctions to prioritize download queues could increase the speed of the network by up to 40 percent. Nevertheless, Morris reportedly stated that there’s “no way” the Tron blockchain could handle the transaction volume that such a system would require. According to him, his team needed hundreds of transactions per second just to get started. He added:
“You hear all the bulls**t out there, oh, this does 10,000 transactions a second. It’s all crap. We were going to melt TRON. Literally, destroy it.”
He further stated,
“It’s basically a marketing machine layered on a very thin veneer of technology.”
The track record and repute that Justin holds in the crypto community is commendable and the transparency he is providing with respect to the BitTorrent token is something to be taken note of. Even though Morris’s claims are grave and worth a look, time will tell how Justin and his team would easily manage the BitTorrent roll-out.
Will Tron be able to manage the BitTorrent roll out or will its melt Tron token as Morris states? Do let us know your views on the same.