Decentralizing The Internet One Torrent At A Time

Decentralizing The Internet One Torrent At A Time By Michael Kern via Crypto Insider for Safe Haven

BitTorrent, the peer-to-peer file sharing platform, has launched a new cryptocurrency on the Tron blockchain, a move which Justin Sun suggests is a first step in building a decentralized internet.

In collaboration with the Tron foundation, the BitTorrent foundation has revealed its new whitepaper for BitTorrent Token (BTT), a project aiming to create an economy around the usage of storage, networking and bandwidth of computers on the decentralized peer-to-peer platform.

In the long-term, the project hopes to grow beyond the file-sharing platform which has been used by governments, entertainment giants and universities into a larger-scale infrastructure that will allow consumers to create value from their spare resources.

Justin Sun, founder of TRON and new CEO of BitTorrent, explained, “BitTorrent token is the first in a series of steps to support a decentralized internet,” adding, “In one giant leap, the BitTorrent client can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.”

The token will be available to non-U.S. citizens exclusively on Binance’s new token sale platform, LaunchPad.

How will BitTorrent Token work?

For those unfamiliar with BitTorrent, it is a peer-to-peer file sharing platform wherein users can download fragments of files from multiple sources. The process encourages those who have downloaded a file (swarms) to remain online in order to contribute to the health of that file, ensuring it remains available for others to download. This process is called ‘seeding.’

The problem arises, however, when users leave a swarm well before they contribute as much bandwidth as they have consumed, impacting the health of the file for future downloaders.

Continue Reading Safe Haven >>>

Sharing is caring!

Safe Haven

At some point in your life you will want to, or be forced to consider an investment program. The main criteria in choosing one that is right for you is summed up in three words "Preservation of Capital". Sounds pretty simple doesn't it? Remember, "Investing is not Saving"! The mainstream media would lead us to believe otherwise and seldom comment on the risks inherent in equity ownership or debt investments. They are quick to point out the positive aspects of every news event with prepared soundbites of information. They provide simple, continual commentary on the respective markets to show they are up to date with the latest developments. They don't comment on developing trends until the trend is obvious to everyone; acting as cheerleaders for the greatest bull market of the twentieth century. A cautious and more reasoned approach is needed.