BitTorrent, Tron Launch Crypto-Powered 'Speed’ Downloading Software

Published at: July 9, 2019

Peer-to-peer torrent client BitTorrent has launched its downloads optimization software, BitTorrent Speed, with native token functionality. The news was revealed in an official press release published on July 8. 

As reported, Bittorrent launched a native Tron blockchain-based token, BitTorrent (BTT), at the start of this year, having revealed plans to evolve a tokenized content platform that would enable users to optimize their network speed and attain faster downloads.

As per the press release, the Bittorrent Speed software will now be integrated into all new downloads of the company’s µTorrent Classic Windows client. 

The BitTorrent Speed website reveals that users will be rewarded with BTT in exchange for seeding and bandwidth — earning more tokens the longer they seed files, and attaining faster downloads the more BTT they are willing to spend. An integrated wallet has been launched to enable users to manage their token earnings.

At the time of launch, the product remains limited to Windows systems only, with apparent plans to extend coverage in future.

Tron, which acquired BitTorrent in July 2018 for an undisclosed amount, has been working to integrate the two decentralized networks on the basis of Bittorrent’s stalwart peer-to-peer sharing technology standard, which launched in its earliest form back in 2004. 

The press release claims that BitTorrent’s suite of products — including the BitTorrent and µTorrent clients — underpin the “largest decentralized P2P network in the world,” with a purported 100 million+ active users and installations across 1 billion devices — accounting for 22% of upstream and 3% of downstream traffic globally.

Notwithstanding the launch of BitTorrent Speed, as of press time, Tron (TRX) is trading at around $0.034, down over 2% on the day and ranked 10th largest coin by market cap.

BitTorrent (BTT) token — ranked 36th — has tipped yet further into the red, trading almost 6% down on the day at around $0.001 by press time.

Tags
Altcoin
Tron
Bittorrent
Related Posts
Altcoins notch triple-digit gains as Bitcoin price pushes toward $60K
If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway. Similar to previous cycles, after Bitcoin (BTC) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into large and small market cap altcoins. Data from Cointelegraph Markets and TradingView shows that while Bitcoin traded in a range between $57,000 and $60,200 over the past week, multiple altcoins saw double-digit gains as exchange listings and protocol developments brought a new wave of enthusiasm and trading volume for select projects. Tron ecosystem leads the …
Blockchain / April 6, 2021
Under the Justin Sun: A Closer Look at the Tron Empire
Born in China’s Qinghai Province, 29-year-old Justin Sun is the founder and CEO of Tron, one of the largest blockchain networks in the world. Sun, who holds a master’s degree in East Asian studies from the University of Pennsylvania and a bachelor of arts in history from Peking University, launched the Tron Foundation in Singapore in September 2017. Later that year, Tron released its open-source protocol, followed by its mainnet launch in May 2018. Tron’s cryptocurrency, Tronix (TRX), currently ranks as the 14th-highest-performing cryptocurrency in the world. According to the Tron website, TRX is capable of handling 2,000 transactions per …
Altcoin / Feb. 16, 2020
New Tron Partnership Lets Gamers Earn Crypto for Streaming
Refereum, a blockchain-based platform that rewards users for video game engagement and streaming, has partnered with Tron. The collaboration allows Refereum to pay out its video game streaming users in Tron’s TRX coin, and BitTorrent’s BTT token, said an April 2 statement provided to Cointelegraph. Partnerships, more partnerships, and purchases Tron bought software company, BitTorrent Inc, in 2018. BitTorrent also utilizes an associated crypto asset called BTT, which is built on Tron’s blockchain. Refereum teamed up with DLive, a blockchain streaming service, near the end of 2019, giving video game live streamers reward-collecting potential. Furthering the connective web, Tron made …
Altcoin / April 2, 2020
Tron Still Hasn’t Fully Paid for BitTorrent a Year On, Creator Claims
BitTorrent creator Bram Cohen has added to controversy swirling around Tron CEO Justin Sun by claiming he did not fully pay him for the streaming platform. Bram Cohen says last payment for BitTorrent still in escrow In a series of tweets July 25, Cohen said that the proceeds from the sale of BitTorrent, which Sun purchased last year, had not arrived in full. Tron took over BitTorrent for an undisclosed amount in cryptocurrency, with Cohen now complaining the final installment had been stuck in escrow for two months. “Anybody know if Justin Sun is hard up for cash? He isn't …
Altcoin / July 26, 2019
Tron Announces BitTorrent-Based IPFS Variant Decentralized File System Protocol
Blockchain platform Tron, which is behind the decentralized, web focused cryptocurrency tron TRX, announced plans to develop a BitTorrent-based version of decentralized file system InterPlanetary File System (IPFS). The development was shared in a press release with Cointelegraph on May 30. Per the release, the BitTorrent File System (BTFS) is a variant of the aforementioned open source IPFS software and will “allow users to receive and host storage on their computers with other individuals and businesses.” Internal testing of the BTFS protocol reportedly already started in late May. Justin Sun, founder of Tron and — since the acquisition in June …
Decentralization / May 30, 2019