BitTorrent
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in BitTorrent from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to BitTorrent.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.