When torrenting, the biggest frustration for the end user is how long it takes to find and completely download the desired content. Usage will be extended to additional capabilities including purchasing content, tipping live streaming performers, and crowdfunding the creation of new works. The token will initially be used in BitTorrent clients as payment in exchange for requesting upstream bandwidth. The project plans to utilize the BTT in more utility cases beyond the current sharing of bandwidth, expanding access to more services including general storage, computation, and resource availability. BitTorrent's key featuresĮxisting BitTorrent clients will implement an optional set of backward-compatible protocol extensions which allow them to bid and receive bids for their bandwidth, working in tandem with a cryptocurrency wallet and bidding engine. The official BitTorrent client can be downloaded here while the lightweight μTorrent Client can be downloaded here.
#Bittorrent token sale torrent#
In the team's market share analysis, BitTorrent clients comprise about 50% of globally active torrent clients. Total DAU across all BitTorrent products is currently ~25M while the total MAU is ~100M. By creating monetary incentives for users to share, the token can enable faster download speeds and better swarm longevity for the entire network. In the existing BitTorrent infrastructure, users of torrent clients often faces challenges such as slow downloads and files that become unavailable over time. The addition of the BTT token attemps to extand the familiar protocol to create a token-based economy for networking, bandwidth, and storage resources on the existing Bittorrent network, providing a way for network participants to "capture the value of sharing bandwidth and storage". With the BitTorrent token (BTT), the BitTorrent team provides a distributed infrastructure platform to third-party app developers, enabling consumers to continuously contribute small amounts of value from their devices by allowing others to make use of their spare resources. Many internet users today are familiar with the BitTorrent peer-to-peer protocol invented by Bram Cohen that powers the torrent clients used around the world.īitTorrent Token (BTT) is a TRC-10 token running on the Tron Network. The BTT token intends to build a token-based economy for networking, bandwidth, and storage resources on the existing BitTorrent network, e.g., it attempts to provide a way for network participants to "capture the value of sharing bandwidth and storage".ĭecentralized applications powered by BTT include BitTorrent Speed, BitTorrent File System, DLive, with others planning to support the token. The BitTorrent token is a TRC-10 token on the Tron blockchain. The BitTorrent peer-to-peer protocol was invented by Bram Cohen, released in July 2001, and has powered torrent clients used around the world since then.
BitTorrent is one of the world's largest decentralized file sharing protocol in the world by number of users.
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