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#Bittorrent wallet torrent#

As such, it is the popular platform for the distribution of electronic data and files over the internet. What brings these two technologies together is their focus on peer-to-peer technology (P2P).įor starters, BitTorrent works as a communication protocol which uses P2P as the backbone of its file sharing system.

TRON, bearing in mind that the token itself is based on TRC-10 token.

How Will BitTorrent Protocol and TRON Work Together?įrom the technological point of view, the BTT token aims to combine the strengths of two main solutions found at its core: They will be stored in a dedicated wallet and given support for being exchanged for TRON (TRX) tokens through a decentralized exchange. Acquired BTT tokens can be offered in exchange for having access to faster downloads.

The BitTorrent token will power the BitTorrent Speed model.

The common goal is to have them work together on optimizing and prolonging the lifespan of BitTorrent swarms. The initial task of the BTT project is to offer market-driven incentives to its users in order to promote their collaboration.

The BTT token model should unify the efforts to reduce structural shortcomings of the BitTorrent protocol itself.

Making the BitTorrent P2P network and TRON blockchain work like a unified ecosystem should ultimately mean extending the blockchain’s reach to the millions of new users and helping with the blockchain’s mass adoption.

BTT token is supposed to bring blockchain closer to becoming a mainstream technology.

#Bittorrent wallet torrent#

Perceiving that the torrent users should be no strangers to these principles, TRON jumps in as a provider of a technological infrastructure that should connect all of these users at a global level. The BitTorrent token lies at the heart of a future decentralized platform whose goals are to “promote openness, spurn censorship and reward their participants”.

Cryptocurrency technology should be familiar to the torrent user community which has a long history of promoting sharing and cooperation while resisting censorship.Thus, the users will be able to use the BTT tokens to give new value to their contributed computing resources and the transaction process will not involve the use of fiat currencies. The BTT team believes in the potential of cryptocurrencies to allow both the creators and users to acquire and spend them with no intermediaries involved. BitTorrent (BTT) should become a bridge between content creators and their audience.Its acquisition by TRON in 2019 (as part of a USD 140 million deal) was followed by a recent introduction of the BitTorrent cryptocurrency and its BTT token with the aim to deliver at least some of these proclaimed goals:

As such, it has become a household name among the users of the torrent technology and wider file-sharing community. BitTorrent is a file sharing protocol with the community of over 100 million users.