This article was first published on Stories by TRON Foundation on Medium
Open Letter to the Community on Recent Technical Progress of BTFS, BT Speed and BLive and Future Plans
Since the acquisition of BitTorrent by TRON last year, BitTorrent has renewed its vibrancy and together we have released a series of products such as BTFS, BT Speed and BLive. Below I will give you a detailed introduction to the current status of these three products and future plans.
About BT Speed:
We want to thank you for following and supporting the initiatives our company works on. We are excited to share with you the latest updates on BitTorrent Speed evolution, as well as give you a heads-up on upcoming features.
BitTorrent Speed is the first real case of blockchain mass adoption. It powers traditional content sharing with the cryptocurrency token, BTT. With BitTorrent Speed, users of uTorrent client can enjoy faster download speed and be the first to get to rare content, or earn tokens by simply sharing files over the Internet.
The token exchange mechanism is based on an auction model, when all users downloading the file bid a certain percentage of their balance and a group of winners get access to those users’ bandwidth for a certain amount of time, until the next auction round.
Early July this year we switched BitTorrent Speed from test to live mode and published the special build of uTorrent client for Windows on a dedicated website. That version 1.1.0 included:
1. Interfaces that allow users to see and control download speed increase and spendings;
2. Set up BitTorrent Wallet;
3. Exchange tokens between off-chain BitTorrent and on-chain TRON accounts.
As of today, the number of active Speed users is close to 20,000, and around 7,000 interact with the application on a daily basis. More than 1000 users deposited and withdrew tokens using our built-in exchange.
To keep reading, please go to the original article at:
Stories by TRON Foundation on Medium