A major peer-to-peer torrent client is launching a native token that can be exchanged between users to optimise and increase download speed. The token will be released by the BitTorrent and based on the TRON protocol.
The BTT token is natively compatible with TRC-10, a token standard supported by the TRON’s blockchain. The BTT will be issued by the BitTorrent Foundation in an attempt to accelerate the overall speed of torrents.
BitTorrent operates one of the most popular torrent clients – the µTorrent. Its ecosystem reportedly serves over 100 million users. BitTorrent was acquired by TRON around six months ago, at the time calling it “the genesis of the decentralization movement”.
“Bittorrent is […] the first decentralized Internet protocol with large-scale global application, [which] even today [… ] retains its status as the world’s largest decentralized protocol, once transmitting 40% of daily Internet traffic.”
BTT tokens will only be available via Binance’s “Launchpad” platform and only to non-US accounts. Airdrops are planned for the near future as well.
The token will first be implemented into the Windows version of the µTorrent since that is BitTorrent’s most popular application. The BTT-enabled clients will be 100% compatible with other clients supporting the BitTorrent protocol.
More information about the project will be revealed during the niTROn Summit in San Francisco.
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