What's Hot

    First fundraiser for Doodles and new partnership

    June 25, 2022

    More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States

    June 25, 2022

    The bitcoin (BTC) invites itself in the programs of the University of Cincinnati

    June 25, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    THECRYPTNEWS
    • Home
    • News
    • Guides
    • NFT
    • Analysis
    THECRYPTNEWS
    Home » Blockchain: BitTorrent Launches Its Own Cryptocurrency
    Guides

    Blockchain: BitTorrent Launches Its Own Cryptocurrency

    AdminBy AdminDecember 22, 2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    BitTorrent, a pioneer in peer-to-peer protocols and products, announces its cryptocurrency, with the desire to develop its own vision of a decentralized internet.

    BitTorrent unveils its own cryptocurrency allowing users to pay for faster download times.

    In the wake of the acquisition by Tron

    BitTorrent, the veteran of decentralized file sharing, entered Tron’s hands last July for $ 126 million.

    Launched in 2001, BitTorrent attempted to make its protocol a replacement for the sacrosanct HTTP. It allows you to exchange files in peer-to-peer (P2P) mode. Its protocol is the largest decentralized P2P network in the world, generating 22% of upstream traffic and 3% of downstream traffic worldwide.

    It is only natural that the group therefore launched a decentralized currency based on a blockchain.
    Users can buy, sell or trade the valuable tokens to achieve faster download times.

    Concretely, the BitTorrent token will first be implemented in the µTorrent Classic client, BitTorrent’s most popular application.

    But, this is only the first step towards a decentralized internet, as Justin Sun, CEO of BitTorrent explains: “ The BitTorrent token is the first in a series of steps to support a decentralized Internet.“

    A first step towards a decentralized internet

    BitTorrent’s token is compatible with TRC-10, the standard supported by the Tron blockchain at the base of its own cryptocurrency by the name of Tronix (TRX) which is the official currency of Tron.

    It will be available exclusively for non-U.S. Accounts on Binance Launchpad, one of the largest range of cryptocurrency offerings, most notably competing with Bittrex.

    “We created Launchpad to help entrepreneurs launch their best projects and bring more use cases to the industry.Said Changpeng Zhao (“CZ”), CEO and founder of Binance. “BitTorrent is a decentralized project by nature, with a large user base, which is now adding a new token economy to their use case. Thanks to Launchpad, BitTorrent will have better access to the resources of the Binance ecosystem. It will be a case study for existing projects. “

    More information on the token mechanism can be found in the official white papers. Tron and BitTorrent plan to provide more details on BitTorrent and Project Atlas token products (to connect BitTorrent’s peer-to-peer network to Tron’s blockchain) at the NiTROn-2019 summit to be held on January 17-18. in San Francisco.

    (Photo credit: @Tron)

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    ABF: the promise of a national blockchain at VivaTech

    June 17, 2022

    NFT Cloud: what we know about the Salesforce initiative

    June 13, 2022

    “Smart contract”: development security to be reviewed?

    April 29, 2022

    Cryptoassets to the rescue of Ukraine?

    March 4, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts

    • First fundraiser for Doodles and new partnership
    • More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States
    • The bitcoin (BTC) invites itself in the programs of the University of Cincinnati
    • Cardano (ADA) Founder Offers Crypto Self-Certification
    • Axie Infinity: The company behind the game wants to compensate the victims of the hack

    Recent Comments

    No comments to show.

    Subscribe to Updates

    Get the latest sports news from THECRYPTNEWS.

    Advertisement

    Archives

    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021

    Categories

    • Analysis
    • Guides
    • News
    • NFT

    The leader in news and information on cryptocurrency, digital assets and the future of money, THECRYPTNEWS is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
    We're social. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube WhatsApp Reddit
    Top Insights

    First fundraiser for Doodles and new partnership

    June 25, 2022

    More than 50 crypto ATMs will be installed in Hispanic supermarkets in the United States

    June 25, 2022

    The bitcoin (BTC) invites itself in the programs of the University of Cincinnati

    June 25, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from THECRYPTNEWS

    Facebook Twitter Instagram Pinterest
    • Home
    Copyright © 2021 Thecryptnews.com

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT

    DMCA - Terms and Conditions - Privacy Policy