Powered by blockchain technology, BitTorrent Speed enables faster download speed through an incentive system. To enhance the file transferring speed, BitTorrent launched an upgraded version of the BitTorrent protocol that adopts the native cryptocurrency BTTC. However, there was little incentive for users to remain connected to the network after downloading a file. The more seeders support a file, the quicker the download speed. Within the BitTorrent network, anyone with the complete file can become a seeder. When a user downloads a file, they will receive pieces of that file (the torrent) from multiple providers within the network, after which they can remain connected to the BitTorrent network and “seed” the file to other users. Instead, the files and data are distributed and hosted across their users’ computers. BitTorrent does not store content on a single server. The original BitTorrent platform was founded by Bram Cohen and David Harrison to facilitate the interchange of entertainment media, such as movies and music, among Internet users. It relaunched as a decentralized P2P platform on the Tron blockchain, featuring various new tools and integrated a TRC-10 token, BitTorrent (BTTC), to incentivize its network participants. Later in 2018, BitTorrent was acquired by the Tron Foundation. Initially released in 2001 when the Internet was just starting to catch on, BitTorrent revolutionized the way users download and obtain entertainment media and other large files and data. Despite its popularity, one of the biggest challenges for users was the long hours it took to find and download their desired content, as most users weren’t incentivized to continue sharing files to the network once they received their content.īitTorrent is one of the largest and longest-standing P2P platforms for data and file sharing. In the 2000s, a common way to download music and movies over the Internet for free was using peer-to-peer (P2P) platforms like BitTorrent. The BitTorrent ecosystem also features a community-based live streaming platform, where content creators and viewers can earn and stake BTTC rewards. BTTC is used to incentivize users on the network to provide their local computer resources for fast download speed and secure decentralized storage. It’s powered by the Tron blockchain and BTTC, a TRC-10 utility token. BitTorrent is one of the largest decentralized peer-to-peer (P2P) file-sharing platforms.
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