BitTorrent

Purpose and Utility

BitTorrent (BTTOLD) was designed as a TRC-10 utility token on the TRON network to incentivize participation in the BitTorrent file-sharing protocol. The token enables users to pay for faster downloads, incentivizes seeders to maintain files longer, and allows users to spend tokens for additional storage and bandwidth.

Business Model Analysis

The business model revolves around creating a tokenized economy for the existing BitTorrent peer-to-peer network, which has been operating since 2001. The token introduces market dynamics to file sharing, allowing users to optimize their download speeds and rewarding those who contribute resources to the network.

Real-World Adoption

BitTorrent has notable adoption through integration with BitTorrent Speed, a feature in the µTorrent Classic client. The token has been integrated into various TRON ecosystem applications and maintains active development.

Token Distribution and Governance

The initial token distribution allocated significant portions to the TRON Foundation and BitTorrent Foundation for ecosystem development. The project maintains transparency regarding token allocations and uses.

Technology and Development

The project builds upon the established BitTorrent protocol, adding blockchain-based incentivization. Development continues with regular updates and integration of new features within the TRON ecosystem.