The acquisition aims to serve the blockchain industry in a better way
Decentralized internet protocol TRON announced that it has acquired Coinplay, a blockchain app store. With this acquisition, TRON and CoinPlay plan to offer a better user experience for blockchain enthusiasts by developing the core technologies required for building a secure ecosystem. With this acquisition, TRON aims to bring an extensive range of blockchain apps and decentralized apps on one platform which will address the problem of finding popular blockchain apps at conventional app stores.
Justin Sun, Founder of TRON stated, “The recent acquisition of Coin Play aims to better serve the blockchain industry. The year 2019 will be the year of exponential growth for the TRON ecosystem.”
Building the infrastructure for a decentralized Internet
TRON’s team members had an initial mission statement that was to build the infrastructure for a truly decentralized Internet. Coinplay will play a key role in fulfilling the objective of creating a peer to peer technology-based web as it is a blockchain application store which aims to provide the most inclusive, appropriate and updated blockchain apps. Besides that, popularly distributed ledger of technology (DLT) based apps are tough to find at conventional app stores and it is difficult to find a secure source for download. Along with that, TRON would now be able to advance the development of the blockchain community.
Developing a multi-platform, multi-currency network
Coinplay’s platform is also developing a multi-platform, multi-currency network that will provide real-time quotes. Besides that, it is also working on a multi-transaction volume and a multi-transaction price system. Apart from that, CoinPlay users would also have access to advanced GitHub features.
BitTorrent offers robust support for Tron’s global business development
TRON had previously acquired BitTorrent in 2018. The addition of BitTorrent to the TRON ecosystem was anticipated to bring millions of new users outside of the cryptocurrency sector to the blockchain environment instantaneously. BitTorrent claimed to have 100 million active users globally, with its self-titled client BitTorrent Now. According to the deal, BitTorrent while operating from TRON’s office would maintain those clients, and also offer robust support for TRON’s global business development and partnerships, while pursuing its vision for the world’s largest decentralized ecosystem.