Breaking News

DJI Agras T100, T70P and T25P Launches Globally Sony Introduces the RX1R III Razer Introduces Next-Generation Connectivity and Performance with New Thunderbolt 5 Dock and Core X V2 Transcend's New ESD420 Portable SSD Offers MagSafe Compatibility and Pro-Level Performance G.SKILL Trident Z5 DDR5 Memory and WigiDash Receives European Hardware Awards 2025

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

BitTorrent Is Launching Cryptocurrency on the Tron Network

BitTorrent Is Launching Cryptocurrency on the Tron Network

Enterprise & IT Jan 3,2019 0

BitTorrent is creating its own cryptocurrency called BitTorrent Token (BTT).

Issued by the Singapore-based BitTorrent Foundation, the new BitTorrent Token (BTT) will run on the tron protocol, developed by Tron, which acquired BitTorrent in June of last year.

"In one giant leap, we can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web," said Justin Sun, founder of Tron and CEO of BitTorrent.

The plan to issue a token follows the announcement of Project Atlas, which BitTorrent revealed at the end of August. Project Atlas is a new iteration of the P2P software. It provides users with a way to spend and earn crypto while sharing files.

Under the existing system, users need to put a file on the system in order to download something. The user has no incentive to keep a file on the network once they have finished downloading.

With BTT, users can pay someone with the file to send it to them and they can pay for more bandwidth, so it downloads faster. With the prospect of payment, file hosts have an incentive to keep more files available to the network, making it more likely that a given user will be able to download something they want more quickly.

Tron said that the company will not be taking a cut of those transactions.

BTT will be a TRC-10 token (comparable to the ERC-20 tokens that run on top of ethereum). A total supply of 990 billion BTT will be minted.

BTT will be available to non-U.S. accounts through Binance Launchpad, a listing service for entrepreneurs looking to raise funding via token sales. The tokens will also be distributed through airdrops of some kind that will be announced on Sun’s Twitter feed.

The token will work first through the Windows-based µTorrent Classic client, which has the most users on it. The company says that Project Atlas will be backward-compatible, so that users who don’t want to spend or earn BTT will still be able to share files with those who do opt to use the new system.

More details about Tron and Project Atlas will be revealed at a summit Tron is hosting later this month in San Francisco.

Tags: BitTorrentcryptocurrency
Previous Post
OWC Acquires Akitio
Next Post
Microsoft's Project Bali Said to Protect Your Data

Related Posts

  • Primary Crypto Calculation Methods Everyone Should Know

  • The Top 4 Crypto Browser Extensions

  • What Are The Similarities Between The Metaverse And The Matrix?

  • Reddit to Reward Active Users With a Cryptocurrency

  • Opera Lets US Users Buy Crypto With Apple Pay or Debit Card

  • Vodafone Quits Facebook’s Digital Currency Project

  • Europe Won't Accept Private Digital Currencies

  • Cryptocurrency Exchange Upbit Lost US$50 Million in Hack

Latest News

DJI Agras T100, T70P and T25P Launches Globally
Drones

DJI Agras T100, T70P and T25P Launches Globally

Sony Introduces the RX1R III
Cameras

Sony Introduces the RX1R III

Razer Introduces Next-Generation Connectivity and Performance with New Thunderbolt 5 Dock and Core X V2
Gaming

Razer Introduces Next-Generation Connectivity and Performance with New Thunderbolt 5 Dock and Core X V2

Transcend's New ESD420 Portable SSD Offers MagSafe Compatibility and Pro-Level Performance
PC components

Transcend's New ESD420 Portable SSD Offers MagSafe Compatibility and Pro-Level Performance

G.SKILL Trident Z5 DDR5 Memory and WigiDash Receives European Hardware Awards 2025
Enterprise & IT

G.SKILL Trident Z5 DDR5 Memory and WigiDash Receives European Hardware Awards 2025

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed