Tron (TRX) to Launch BitTorrent Speed in the Q2 Of 2019 as BTT Token Expands to More Exchanges
In the recently released Tron weekly review, the company has confirmed that the much awaited BitTorrent Speed will be launched in the second quarter of 2019.
BitTorrent Speed rewards BitTorrent users with BitTorrent (BTT) in exchange for seeding and bandwidth, enabling faster downloads. 100M+ users now have the opportunity to be a part of the tokenized decentralized internet and support content creators all around the world from their torrent client.
The company has also affirmed that content creators will have their content supported by this torrent client and that the long-term vision of the company is to create a structure that will let the content creators post their products directly in there and receive money for this.
The whole software will have its economy based in the new BTT tokens and will help to monetize the P2P sharing industry. By default, the uTorrent client being used by many people will be automatically updated to BitTorrent Speed as soon as the software is launched.
It will initially work just like the other version, but you will be able to use BTT tokens in order to get higher speeds to download products. This will enable the paying users to get faster downloads.
Each client supports a limited number of slots for uploading to others. Your client will now bid automatically on your behalf in order to attempt to unlock a slot when you otherwise might not be able to get a slot from a peer. The tokens are only used to reward seeders. No commission is taken by the network.
The coin will be integrated into the µTorrent Windows app. Justin Knoll, the head of Project Atlas, which was launched by Tron and BitTorrent together, briefly described the positive sides of BitTorrent, saying that it will be about unlimited data with no central cost or servers.
How does it work?
Step One: By default, the uTorrent client will update automatically to include a BitTorrent Speed link in the left-hand navigation menu. Open BitTorrent Speed to check your balance and activity at any time.
Step Two: BitTorrent Speed will automatically bid BitTorrent (BTT) to other users for faster speeds. The bidding user’s downloading experience will stay the same, except it’s even faster!
Step Three: When a file finishes downloading, let it seed to earn BitTorrent (BTT). The longer you seed, the more tokens you may be able to earn. Just leave your files seeding in your client and you may automatically earn tokens.