On 12 December, the BitTorrent Chain (BTTC) mainnet went live. will deploy an ‘on-chain/off-chain exchange.’ The exchange will enable the transfer of tokens between a high-performance private ledger and the public TRON blockchain.” “Due to expected volume, direct use of the public TRON blockchain for all transactions is unfeasible. That gives uploaders the incentive to share files for longer and provide more bandwidth and storage to the network.
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Once their downloads are completed there is no incentive for them to continue uploading.īitTorrent Speed was introduced as an extension to the BitTorrent and µTorrent download clients, which enables downloaders to pay uploaders in BTT tokens for faster download speeds. The longer-term vision is to broaden the usage of the BitTorrent protocol far beyond current use cases by providing a distributed infrastructure platform to third-party app developers, creating the foundation for the decentralised web.”īTT acts as a transaction mechanism for the use of computing resources shared between BitTorrent clients and provides liquidity for services in the ecosystem.īitTorrent has traditionally seen structural inefficiency, as it’s possible for users to complete file downloads before they have uploaded an equivalent volume. “The initial entry point is to introduce token-based optimisations to the existing BitTorrent protocol, providing a way for the value of shared bandwidth to be captured by network participants.
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