BitTorrent's system called BitTorrent Speed, which will incorporate the Tron-established BTT token to the favorite µTorrent Windows customer, will launch by summer. The business has supported this at a press release shared using Cointelegraph on Jan. 19.
BitTorrent Speed will subject cryptocurrency nominal benefits to users who serve content to other people through the µTorrent network. The customer's users -- that number more than 100 million, according to BitTorrent -- will also have the ability to pay for quicker downloads using the same tokens.
The business also declared the all accounts that are not located in the United States, the token will soon be available for purchase on the Binance Launchpad platform.
BitTorrent is a peer reviewed (P2P) communication protocol for internet file sharing, and the eponymous company that preserves it. The BitTorrent network resembles Bitcoin in construction, since they both support decentralized sharing of data and lack one point of authority.
The project is allegedly part of BitTorrent's broader ambition to make a decentralized content distribution platform using cryptocurrency.
Former chief strategy officer at BitTorrent, Simon Morris, maintained at a recent interview that Tron won't have the ability to handle the trade volume needed to tokenize BitTorrent.
In response to Morris' claims, a Tron spokesperson informed Cointelegraph in private comments:
"Morris appears to have little insight in to BitTorrent operational plans because his departure. Actions and execution will establish louder than the voice of a disgruntled former employee"