Peer-to-peer torrent client has launched a native , BitTorrent (BTT), based on the protocol, according to a press release shared with Cointelegraph Jan. 3.
The can be exchanged between users to optimize their network speed and attain faster downloads, according to the press release. BitTorrent’s first full-fledged move to begin to tokenize its content sharing ecosystem — which reportedly serves over 100 million users — comes around six months after the company was by decentralized internet startup for an undisclosed amount.
BTT , which are to be issued by the BitTorrent Foundation, feature native TRC-10 compatibility — meaning they adhere to a technical standard supported by the .
BTT will reportedly be exclusively available to non-United States accounts on exchange ’s “Launchpad” program, and will also be distributed “selectively” via airdrops later this month.
According to the press release, BTT is part of a broader ambition to create a decentralized content distribution platform using . BitTorrent claims that its protocol — first created in 2004 — is currently “the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally.”
The press release outlines that BTT will first be implemented on BitTorrent’s Windows-based “µTorrent Classic” client — reportedly the company’s most popular application.
As previously reported, the roadmap for and BitTorrent’s mutual integration has been formalized as an initiative dubbed “Project Atlas.” When the pair first more extensive details of their joint plans in September, they revealed that in the ecosystem would be used as incentives.
As of press time, () is ranked as the 10th largest by market cap, and is at around $0.02, up 4.29 percent on the day, according to CoinMarketCap data.
Published at Thu, 03 Jan 2019 16:08:55 +0000
