BitTorrent Speed and Token Incentivization System Expected This Summer
BitTorrent, Inc., a leader in peer-to-peer protocols and products, announced expected release for BitTorrent Speed and its new crypto token, which will create the world’s largest blockchain application for speedy uploading and downloading of files.
BitTorrent Speed, software that connects and rewards users with BitTorrent (BTT) tokens, is expected to be widely available by summer on the popular µTorrent Classic Windows client, the company announced today at its niTROn blockchain conference in San Francisco.
“With BitTorrent Speed, we aim to strengthen the BitTorrent protocol and then deliver more features that inspire innovation across industries,” said Justin Sun, founder of TRON and CEO of BitTorrent. “More than 100 million users soon will have the opportunity to be part of a boundary-free internet that supports personal privacy and connection around the world.”
With BitTorrent Speed, the BitTorrent protocol client will be able to receive tokens for “seeding” files for longer periods. With tokenized incentivization for seeding files, download speeds on peer-to-peer networks can get faster and become more readily available.
BitTorrent Speed is undergoing extensive testing on the network to make it as seamless and reliable to users as the current client, according to Justin Knoll, head of BitTorrent Speed development.
“When users gain access to BitTorrent Speed, they will be blown away by the improvements we’ve made to the client they know and love today,” Knoll said.
BitTorrent also announced BTT will be exclusively available to non-U.S. accounts on Binance Launchpad, the exclusive token sale platform of leading cryptocurrency exchange Binance on January 28, 2019, 7 a.m. PST.
The new tokenized features are backward-compatible with previous versions and will not affect users’ ability to download or seed. BitTorrent Speed will become available on other BitTorrent clients by late 2019.