TRON Foundation and BitTorrent Foundation are introducing a new cryptographic token called BTT along with an extended version of the BitTorrent protocol in order to create a token-based economy around the usage of networking, bandwidth and storage on hundreds of millions of computers on the internet. Our initial entry point is to introduce token-based optimizations to the existing BitTorrent protocol providing a way for the value of sharing bandwidth and storage to be captured by network participants beyond the point at which the current protocol no longer values it. Our longer-term vision is to broaden the usage of BitTorrent far beyond current use cases to provide a distributed infrastructure platform to third party app developers and to enable consumers to continuously distill small amounts of value from their devices by allowing others to make use of their spare resources. The first step in our project will create a market-driven mechanism to enable consumers to collaborate to optimize and prolong the lifespan of existing BitTorrent swarms. Using additional extensions to BitTorrent we will subsequently open up opportunities for distributed app developers to launch new apps making use of infrastructure provided by existing BitTorrent clients which already constitute a distributed networked storage platform of unprecedented scale. These new apps will be able to offer incentives (BTT) to users in return for access to cost effective platform resources comprised of an incredibly broad collection of already-deployed network endpoints. The position of these endpoints at the very edge of the Internet will have the additional appeal to developers of being extremely difficult for net-neutrality adversaries to interdict. Finally, the ability of consumers to capture the value of their contributed computing resources within a cryptographic token will give rise to a completely new transactional mechanism for internet consumers that is distinct from either their attention or their credit card. With over 100 million monthly active users and millions of additional new installs every week, BitTorrent already manages one of the largest distributed computing ecosystems on the Internet. By integrating BTT tokens and transaction processing we will both address existing limitations of BitTorrent and open up a whole new borderless economy exchanging value for compute resources on a global scale. This will be a realization and extension of the vision expressed by Satoshi Nakamoto in the original Bitcoin white paper on its tenth anniversary. The TRON Foundation and BitTorrent Foundation are legal entities incorporated in the Republic of Singapore.
BitTorrent the ecosystem
The BitTorrent protocol has been implemented many times and there is healthy competition between companies maintaining different implementations as well as several very popular volunteer-maintained versions. As well as client software that implements the BitTorrent protocol, there are infrastructure providers who independently offer additional useful services (e.g. trackers which introduce peers, torrent sites which index metadata about files being shared and provide access to their associated torrents). This demonstrates how an array of cooperating distributed elements (clients) and semi-distributed elements (trackers, torrent sites) have been successful in maintaining a long-lived and highly robust ecosystem even in the presence of highly motivated attackers. We relied on many lessons learned in the BitTorrent ecosystem as we put together this project plan.
Most probably, the BitTorrent Token project is undergoing a stage of pre-architecture analysis, outlining the requirements and the most basic compilation. As a consequence, the Whitepaper is rather declarative and shallow. However, because of the very powerful market-leverage and the tremendous user base, the project shall attract a high level of attention from all the participants of the blockchain sphere. Some thoughts on the ICO and short-term investment potential.One of the most remarkable green flags is Binance Launchpad. Historically, all the project that was funded via the Launchpad were listed on Binance, and this time it's also highly likely. It's also worth noting that Binance CEO's and Justin Sun's reputations will be at stake. The most likely and real scenario is that the individual cap will be quite small (2-3 ETH), the project will give multiples at the moment of listing with excellent media and market making support. In this case, both private and public sales' investors will benefit. This will act as a signal that the 'ICO industry is not dead, and you can still invest profitably'. Time will tell what is going to happen afterward.
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