Many Internet users today are familiar with the BitTorrent peer-to-peer protocol invented by Bram Cohen, which powers Torrent clients in use around the world today. With BitTorrent (BTT), a TRC-10 utility token based on the TRON blockchain, BitTorrent extends its familiar protocol to create a token-based economy for network, bandwidth, and storage resources on the existing BitTorrent network, thereby Provides a way for network participants to capture the value of shared bandwidth and storage. BitTorrent (BTT) allows content creators to connect with their audience, earn and spend digital currency without a middleman. A giant leap forward A BitTorrent client can empower a new generation of content creators by introducing blockchain to hundreds of millions of users around the world and empowering them with tools to distribute them directly to others on the web. Users of torrent clients are familiar with challenges such as slow downloads and files that become unusable over time. By providing incentives for users to share, the token will provide faster download speeds and longer cluster life across the network.
BitTorrent (BTT) will first be implemented in the Windows-based µTorrent Classic client, BitTorrent being the most popular application. BitTorrent token enabled µTorrent Classic clients will be 100% compatible with other clients that support the BitTorrent protocol. Key Features - Existing BitTorrent clients will implement an optional set of backward-compatible protocol extensions that allow them to bid and receive bids with their own bandwidth, and to work in tandem with cryptocurrency wallets and bidding engines. - The project plans to use BitTorrent (BTT) in more practical cases beyond the current bandwidth sharing for more general storage, computing and resource availability, such as distributed VPN (Virtual Private Network) or Content Delivery Network (CDN) . - Tokens will initially be used by BitTorrent clients to bid on and earn in exchange for allocations of upstream bandwidth. It will later be used to include features for purchasing content, providing tips to live streaming performers, and crowdfunding the creation of new productions.

Project Origin

The project grew out of three fundamental insights:
1. There is a huge and completely unrealized opportunity to apply decentralized BitTorrent technology to many new use cases, and the market is now Willing to do so more than ever.
2. Today, the BitTorrent protocol operates with structural inefficiencies that limit the lifespan of the BitTorrent file sharing group and therefore its overall effectiveness as a protocol.
3. Most consumers (including BitTorrent users) are unwilling to use fiat currency to pay online. The corollary is that people pay with "attention". This leads directly to a network dominated by privacy-destroying information monopolies.
We're working on improving and extending BitTorrent to address these issues with projects that combine the best of BitTorrent and blockchain technology.
We will transform BitTorrent into an infrastructure platform that contributes to the decentralized network, allowing application developers to directly give back to users who provide underlying resources for them, and enabling consumers to use "find value" to communicate with publishers Trade directly with developers without fiat currency.
To speed up the introduction, we will first address inefficiencies in BitTorrent's current work. This will drive strong appeal to the underlying technology and increase broad consumer familiarity with the token's existence, and the user experience and economics surrounding its use.
At the same time, we will cooperate with third-party developers to develop and promote a market for various APIs and distributed infrastructure services. Such APIs and marketplaces are built upon the most fundamental network and storage primitives in existing BitTorrent technology.
We will also work with third-party publishers and application developers outside of the existing BitTorrent ecosystem to develop services where consumers may use their tokens.
Over time, hundreds of millions of end users around the world will have a powerful new way to extract small amounts of value from their own technical resources and have many opportunities to use this value for their choice on the service.

Project Agreement

The BitTorrent protocol enables client software endpoints ("clients") to cooperate with each other to efficiently and reliably distribute large files to multiple clients. It does so by attempting to efficiently use each client's upload and download bandwidth simultaneously, to balance peer-to-peer content transfers across a "file sharing group" of cooperating clients, and to reduce reliance on any single weak point (such as a connection to a server). The key to understanding how the protocol works is understanding how the underlying economic incentives are implemented.
The protocol is based on a system in which files are chopped into pieces that are traded between multiple devices all trying to get at the file at the same time. The segment's cryptographic hashes ("infohashes") are used to verify that the shared segment is indeed the requested segment. The system is basically the embodiment of a barter economy, where each client cooperates by trading pieces of the file it is trying to download, with transfer bandwidth being the determining factor in a client's decision as to whom to keep the deal with. Mechanisms reward the most productive barters with further transactions and punish the least efficient ones by disconnecting or even banning parties. Once a client has finished downloading a file, even though it no longer has any uploading needs, it will be considered a "seed" if it continues to upload a file in return. The default setting of most clients is to "seed" to other downloaders, but this behavior is completely altruistic, and you will not face financial sanctions if you close the BitTorrent client and stop seeding after the download is complete.

Project Ecosystem

The BitTorrent protocol has been implemented many times, and there is healthy competition between companies insisting on different implementations and the more popular volunteer-maintained versions. In addition to the client software that implements the BitTorrent protocol, there are some infrastructure providers that independently provide additional effective services (for example, tracking servers for referral endpoints and torrent sites, where users can index the metadata of shared files. data, and gain access to associated torrents). This shows us how a series of cooperating distributed elements (clients) and semi-distributed elements (central server, torrent sites) can successfully maintain long-lived and highly active ecosystem. In putting together this project plan, we drew on many of the lessons learned in the BitTorrent ecosystem.

Related links:
https://info.binancezh.com/en/currencies/bittorrent(btt)#detail1122
https://www.qukuaiwang. com.cn/news/15108.html