On BitTorrent Speed, users are classed as either “service requesters,” who offer BitTorrent Token in exchange for other users’ files, or “service providers,” who continue to seed files in exchange for BTT. sought to remedy this by introducing BitTorrent Speed, a new version of the BitTorrent protocol that uses a native BTT token to incentivize users to continue seeding files after downloading. BitTorrent Speed and BTT Tokenĭespite the widespread usage of the original BitTorrent protocol, users had little incentive to remain connected to the swarm after downloading a file, continuing to seed it to other users.
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” The speed of the download increases as the number of peers in the swarm increases. ” Likewise, the group of peers who provide the file are called a “ swarm.
The file being downloaded is called a “ torrent ,” while the act of uploading and sharing the pieces of the file is called “ seeding. Instead of downloading a file from a single source, the protocol enables you to download pieces of that file from multiple users on the internet simultaneously who have the specified file on their computers. How Does BitTorrent Work?įiles downloaded from the internet are often acquired from a single server. BitTorrent now claims more than 2 billion users and 200 million BTT wallets in its ecosystem, and both the original BitTorrent web browser and blockchain-based BitTorrent Speed iteration are widely available for use.
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While in past iterations BitTorrent was heavily trafficked in unlicensed software and media, the blockchain-enabled BitTorrent has incorporated licensed works and verified transactions.
launched a new BitTorrent client that integrated a cryptocurrency - the BitTorrent Token (BTT) - that operates as a TRC-10 token on the Tron blockchain. was formed in 2004 to manage the ongoing development of the protocol and in 2018 it was acquired by Justin Sun, founder of Tron, whose blockchain has many technical similarities to Ethereum including the ability to host decentralized applications (dApps).Īfter the acquisition, BitTorrent Inc. BitTorrent launched in 2001 and, despite not being blockchain-based, has long been a pioneer in decentralized technology due to its peer-to-peer architecture. BitTorrent is a popular peer-to-peer file sharing protocol that enables users to freely share data and large files like movies, programs, and audio files over the internet.
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