It didn’t take tarot playing cards to foretell the way forward for BitTorrent as soon as it was acquired by TRON in 2018. Simply six months later, BitTorrent its releasing its personal cryptocurrency, a token generally known as BTT.
For BitTorrent customers, the brand new tokens present a technique to optimize community velocity and attain quicker downloads by paid prioritization. Every is issued by the BitTorrent basis and options native TRC-10 compatibility — a set of tips laid out by TRON. Suppose TRX for international, decentralized content material distribution.
After the acquisition final 12 months, it appeared solely a matter of time earlier than the 2 firms collaborated on a token. Initially generally known as “Challenge Atlas,” when revealed in September 2018, the token is supposed to incentivize and facilitate transfers on the world’s largest decentralized P2P community.
And the market is ripe. BitTorrent says it presently drives 22 p.c of worldwide upstream visitors and three p.c of its downstream visitors. Firm representatives say that it serves greater than 100 million customers.
BTT, which is presently solely out there to these exterior the US, will launch as a part of cryptocurrency buying and selling platform Binance’s “Launchpad” program — a program meant to highlight and market check new tokens. Based on *Coin Telegraph*, the tokens can be distributed “selectively” beginning later this month.
Revealed January 3, 2019 — 17:06 UTC