1. What is BitTorrent?
BitTorrent is a pioneering distributed communication protocol invented by Bram Cohen in 2001. It is a peer-to-peer protocol which uses economic incentives to facilitate the delivery of large and highly demanded files around the internet, eliminating the need for a trusted central server. It is an open protocol that has been independently implemented dozens of times and included in software that has been downloaded and installed billions of times in the past 16 years. Today the protocol is in regular use on well over one hundred million internet-connected computing devices each month. The protocol is continuously updated through an open process of BitTorrent Enhancement Proposals (BEPs) moderated on the developer website.
2. BitTorrent Token
TRON Foundation and BitTorrent Foundation are introducing a new cryptographic token called BTT along with an extended version of the BitTorrent protocol in order to create a token-based economy around the usage of networking, bandwidth and storage on hundreds of millions of computers on the internet.
The initial entry point for BTT is to introduce token-based optimizations to the existing BitTorrent protocol providing a way for the value of sharing bandwidth and storage to be captured by network participants beyond the point at which the current protocol no longer values it.
The longer-term vision is to broaden the usage of BitTorrent far beyond current use cases to provide a distributed infrastructure platform to third-party app developers and to enable consumers to continuously distill small amounts of value from their devices by allowing others to make use of their spare resources.
3. Useful Links
- Official Website: https://www.bittorrent.com/btt/
- Whitepaper: https://www.bittorrent.com/btt/btt-docs/BitTorrent_Token_Whitepaper.pdf
- Explorer: https://tronscan.org/#/token/1002000