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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