u/executer has a more detailed post regarding the bidding system here. The BTT whitepaper can be read here_White_Paper_v0.8.7_Feb_2019.pdf), although it's not clear if the BTT team followed the principles laid out in the whitepaper to the dot.Ī very simple explanation of how the BTT token works is: 1) A seeder has a file that you want 2) You want "special faster access" to the pieces of files that the seeder has 3) Seeders and leechers (downloaders) enter a bidding system for that special slot of faster download speed. BTT is a TRC10-based utility token minted shortly after the Tron foundation bought the BitTorrent trademark and entity, essentially killing the open-source uTorrent and BitTorrent community that was just beginning to experiment with some cool ideas. BTT, not to be confused with BT, stands for BitTorent Token. Software like Limewire, which was an earlier P2P file sharing software, eventually adopted the BT protocol before being sued out of existence.īitTorrent is also not to be confused with BitTorrent Client that Tron now owns - it's the underlying tech that runs all torrenting software from qBittorent, BitComit, libTorrent, LimeWire at one point in time, and many more dozens of open and close sourced BT clients out there. Because the protocol consists of multiple participants called "peers" sharing "pieces" of a large file by seeding (uploading) and leeching (downloading), in a way, BitTorrent pioneered the pathway for one of the first widely adopted semi-decentralized networks. BitTorrent is an open source P2P protocol utilized to efficiently distribute large files over the internet. Also, seeders please feel free to chime in your own successes and experiments. *This is a work in progress* I will update it from time to time.
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