Have Tron and BitTorrent’s BTT Token Become the True Successors Of Satoshi Nakamoto’s Legacy?
There were many reasons for Tron to have acquired BitTorrent for a rumored amount of $126 million. BitTorrent gave Tron the access to their 170 million users across 133 countries. This is representative of about 22% of upstream traffic.
Tron’s philosophy is to try to decentralize the internet and what better platform to do so than BitTorrent. Both Facebook and Twitter use BitTorrent to distribute updates to their servers. Florida State University also distributes large-scale scientific data to its researchers via BitTorrent.
The game World of Warcraft produced by Blizzard Entertainment is downloaded by users with the help of BitTorrent. Transmission of data on the protocol allegedly takes up 40% of daily Internet traffic on a global scale.
The main intention behind BTT is to improve the user experience on the platform through a wide variety of mechanisms. According to BTT’s white paper, participation in the BTT transactions is required to be both fully disclosed and optional for end users. Users will be able to store a value from sharing small amounts of infrastructure and they can spend it later. In the words of Justin Sun:
“BitTorrent token is the first in a series of steps to support a decentralized internet. In one giant leap, the BitTorrent client 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.”
This is why they are currently developing new services and preparing to open the platform up for new developers. The BTT white paper explains that users have always paid for their downloads with bandwidth. With the implementation of a new fungible token into the system, the economy can expand and benefit all users on the platform.
This is the why BTT token sale was one of the most anticipated events in the short history of cryptocurrencies. Even though some users faced technical difficulties, a public sale of 59.8 Billion BTT worth roughly about $7.2 million, sold out in minutes.
I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX
— Justin Sun (@justinsuntron) January 28, 2019