What is BitTorrent Token?
BitTorrent is a file sharing protocol with the community of over 100 million users. As such, it has become a household name among the users of the torrent technology and wider file-sharing community. BTT token with the aim to deliver at least some of these proclaimed goals:
BitTorrent (BTT) should become a bridge between content creators and their audience.
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. 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.
Cryptocurrency technology should be familiar to the torrent user community which has a long history of promoting sharing and cooperation while resisting censorship.
The BitTorrent token lies at the heart of a future decentralized platform whose goals are to “promote openness, spurn censorship and reward their participants”. 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 BTT token model should unify the efforts to reduce structural shortcomings of the BitTorrent protocol itself.
The initial task of the BTT project is to offer market-driven incentives to its users in order to promote their collaboration. The common goal is to have them work together on optimizing and prolonging the lifespan of BitTorrent Swarms.
How Does the BTT Token Work?
BT protocol is what brings together various providers of online services, such as
- Torrent sites, which keep track of metadata about shared files and serve as gateways to torrents,
- Trackers which are used to introduce peers.
- In swarms, service providers accepting BTT tokens can be seeds (users with the fully downloaded file which is part of a torrent) or peers (users with partial copies of the desired files).
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