The BitTorrent Token should help facilitate more file sharing on the peer-to-peer network.
BitTorrent announced this Thursday that the company is going to be launching its own cryptocurrency. The new BitTorrent Token (BTT) looks set to be used as some sort of reward for users of the peer-to-peer network.
Many of us will remember BitTorrent from our younger days when we definitely, never, ever used it to download films, TV shows, music, and pieces of software. And though you may not have used it for some time, Tron, the company which owns BitTorrent, estimates that its system has 100 million users.
Those of you who never used BitTorrent to download music, may also not remember the fact that you could switch off sharing once you had finished downloading a file. For example, I may download (or 'leech') a file using BitTorrent. Once I've done that, other users can then download the file from me ('seeding') over the peer-to-peer network. But, as many people don’t like the idea of others downloading stuff from them, many people simply switch off sharing.
A new BitTorrent
The new token may help to resolve this problem and help improve the efficiency of the BitTorrent network. Users who share their files for download could receive tokens which could, one presumes, be exchanged for something else, whether it be goods, cryptocurrency, or fiat currency.
“In one giant leap,” said company CEO Justin Sun, “we 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.”
Thursday’s announcement comes just six months after BitTorrent was acquired by the founders of the cryptocurrency Tron. In September, shortly after that deal was completed, Tron announced plans, which it called “Project Atlas,” to create “a content sharing ecosystem” that would see it integrating with BitTorrent.
BTT may be the fulfillment of those plans although, as Finance Magnates reported at the time, Tron did say that it would be using its own cryptocurrency to facilitate the creation of that ecosystem.
Nonetheless, it’s exciting times in the world of peer-to-peer file sharing. Maybe we’ll see a LimeWire cryptocurrency sometime in 2019. Now that would be cool.
BitTorrent announced this Thursday that the company is going to be launching its own cryptocurrency. The new BitTorrent Token (BTT) looks set to be used as some sort of reward for users of the peer-to-peer network.
Many of us will remember BitTorrent from our younger days when we definitely, never, ever used it to download films, TV shows, music, and pieces of software. And though you may not have used it for some time, Tron, the company which owns BitTorrent, estimates that its system has 100 million users.
Those of you who never used BitTorrent to download music, may also not remember the fact that you could switch off sharing once you had finished downloading a file. For example, I may download (or 'leech') a file using BitTorrent. Once I've done that, other users can then download the file from me ('seeding') over the peer-to-peer network. But, as many people don’t like the idea of others downloading stuff from them, many people simply switch off sharing.
A new BitTorrent
The new token may help to resolve this problem and help improve the efficiency of the BitTorrent network. Users who share their files for download could receive tokens which could, one presumes, be exchanged for something else, whether it be goods, cryptocurrency, or fiat currency.
“In one giant leap,” said company CEO Justin Sun, “we 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.”
Thursday’s announcement comes just six months after BitTorrent was acquired by the founders of the cryptocurrency Tron. In September, shortly after that deal was completed, Tron announced plans, which it called “Project Atlas,” to create “a content sharing ecosystem” that would see it integrating with BitTorrent.
BTT may be the fulfillment of those plans although, as Finance Magnates reported at the time, Tron did say that it would be using its own cryptocurrency to facilitate the creation of that ecosystem.
Nonetheless, it’s exciting times in the world of peer-to-peer file sharing. Maybe we’ll see a LimeWire cryptocurrency sometime in 2019. Now that would be cool.
SEC Targets Robinhood's Crypto Trading Arm with Potential Enforcement Action
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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