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Much like the freemium models popularized by content streaming sites such as Spotify, free-tier users still enjoy the benefits of greater content availability because other revenue streams incentivize content creators to earn rewards for contributing to the platform. Thus, the average user that does not pay is still able to benefit from the increased file availability across the BitTorrent network, as more files should theoretically be available to the network as a whole because of this increase in expected reward for seeding. The effect of increased file availability from introducing the BTT Token is even more prominent for rarer resources and files - the potential willingness to pay from consumers necessarily means that the potential earning power for seeding rare files is even higher, which then encourages these files to actually be hosted within the network. With the potential to earn, the token can also disincentivize users from turning off seeding once they receive the files they want, because of the opportunity cost of forgone seeding income.

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The possibility that a user can receive tokens of value natively within their torrent client means that there is a tangible expected monetary value reward for choosing to seed files, beyond the current rewards of a non-throttled download speed and the altruistic reward of maintaining a healthy sharing ratio.

However, paid consumers are not the only ones who benefit the token is an opt-in model, meaning that individuals that do not want to pay or charge for torrenting can always continue to do so. With the addition of the BTT token, those who do not want to wait a long time to complete a download may utilize the token to incentivize more seeders for desired content, thereby accelerating download speeds.

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Users do not want to wait hours or days to get the movie they want to watch or the game they want to play.Ĭurrently, there is no incentive for individuals to continue seeding files to the network once they receive their content, resulting in a tragedy of the commons. When torrenting, the biggest frustration for the end user is how long it takes to find and completely download the desired content. Usage will be extended to additional capabilities including purchasing content, tipping live streaming performers, and crowdfunding the creation of new works.

The token will initially be used in BitTorrent clients as payment in exchange for requesting upstream bandwidth.

The project plans to utilize the BTT in more utility cases beyond the current sharing of bandwidth, expanding access to more services including general storage, computation, and resource availability.

Existing BitTorrent clients will implement an optional set of backward-compatible protocol extensions which allow them to bid and receive bids for their bandwidth, working in tandem with a cryptocurrency wallet and bidding engine.

The official BitTorrent client can be downloaded here while the lightweight μTorrent Client can be downloaded here. In the team's market share analysis, BitTorrent clients comprise about 50% of globally active torrent clients.

Total DAU across all BitTorrent products is currently ~25M while the total MAU is ~100M. By creating monetary incentives for users to share, the token can enable faster download speeds and better swarm longevity for the entire network. In the existing BitTorrent infrastructure, users of torrent clients often faces challenges such as slow downloads and files that become unavailable over time. The addition of the BTT token attemps to extand the familiar protocol to create a token-based economy for networking, bandwidth, and storage resources on the existing Bittorrent network, providing a way for network participants to 'capture the value of sharing bandwidth and storage'. With the BitTorrent token (BTT), the BitTorrent team provides a distributed infrastructure platform to third-party app developers, enabling consumers to continuously contribute small amounts of value from their devices by allowing others to make use of their spare resources. Many internet users today are familiar with the BitTorrent peer-to-peer protocol invented by Bram Cohen that powers the torrent clients used around the world.īitTorrent Token (BTT) is a TRC-10 token running on the Tron Network.

Bittorrent initial release date