Tron [TRX], the ninth biggest cryptocurrency by market cap, managed to grasp the attention of the entire cryptocurrency space as the Former Chief Strategy Officer, Simon Morris remarked that Tron’s network does not have the capacity to process the transactions taking place on BitTorrent, in an interview with Breaker Magazine. He also remarked that Justin Sun, the CEO and Founder of Tron Foundation, does not have a single tech bone in his body and that he would not technically understand anything.
This news led to the majority members in the community questioning Tron’s move on tokenizing BitTorrent and whether Tron is indeed the right platform for the token. This news also had an adverse effect on Tron’s price, a major blow for the cryptocurrency as it was pictured with a surge of over 50% prior to the fall.
Nonetheless, Justin Sun has debunked the statements made by the former CSO, on his official Reddit page. In the post, Sun has stated that out of all remarks, only one stands true, “Automated auctions to prioritize download queues could make the entire BitTorrent network as much as 40 percent faster.” The CEO stated that this was the reason the Foundation “embarked on such an ambitious project” to expand BitTorrent’s current 100 million monthly users.
This was followed by Sun speaking about BitTorrent token’s transactions, stating that the token whitepaper mentioned that the platform will have an on-chain/off-chain exchange, which would facilitate the transfer of tokens between a high-performance private ledger and the public Tron blockchain. He added that “an on-chain/off-chain exchange” translates to a hybrid approach taken by the team.
“Why? 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
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