Former BitTorrent chief strategy officer (CSO) Simon Morris has expressed his doubts regarding the Tron blockchain’s capability to process the enormous transaction volume required by the popular file-sharing platform. Morris thinks there is more marketing than technology behind the new crypto token launch.
BitTorrent is aiming to become among the early projects to launch its coin on Binance Launchpad, a platform built by the top crypto exchanges to facilitate fundraising. The Tron-based BitTorrent Token’s (BTT) upcoming launch has pleased Tron investors who witnessed TRX’s price spike from about $0.02 to more than $0.03 a week after the announcement. It has since dipped near its previous level.
However, several skeptics doubt the P2P file-sharing platform needs tokenization as it has been operating without a dedicated crypto coin for years. Others like Morris believe a token is a good idea, but emphasize that Tron cannot handle the massive transaction volume necessary to tokenize the BitTorrent network.
At BitTorrent, Morris was tasked to explore the potential advantages of implementing digital currency and blockchain technologies. He told Breaker Magazine that when he served as CSO at the firm, his group realized that tokenization can make the platform drastically faster, for instance, but automated auctions to prioritize download queues. He believes Tron is attempting to implement a similar concept, but there is “no way” its network capacity would be enough.
“The transactional capacity we were looking at was needing hundreds of transactions a second just to get started. It’s simply not there. You hear all the bullshit out there, oh, this does 10,000 transactions a second. It’s all crap. We were going to melt Tron. Literally destroy it.”
The former executive expects Tron to continue with the plan to tokenize BitTorrent, apparently doing what his team wanted to achieve. “But what’s very clear is that they’re going to say they’re going in the same direction, come what may, because that’s what Tron does… it’s basically a marketing machine layered on a very thin veneer of technology,” he stated.
Morris departed the firm after its acquisition admits that Tron CEO Justin Sun is excellent at marketing. “He has a very nice personality from a marketing point of view. He doesn’t have a technical bone in his body. He wouldn’t understand, technically, anything,” he said, elaborating:
“I suspect that what they’re really going to do is they’ll do it on some central server, they’ll wave their hands and say, ‘Oh, it’s a Lightning Network for Tron,’ or something, and pretend it’s Tron-based, but it’s not really Tron-based.”