TRON based BitTorrent token (BTT) integration scheduled to launch by summer
TRON based BitTorrent token (BTT) integration will launch by this summer. The BitTorrent’s system known as BitTorrent Speed which will integrating the token into the µTorrent Windows client.
According to Cointelegraph, the company reportedly confirmed about it. Reportedly, the BitTorrent speed will be issuing the cryptocurrency token rewards to users serving content via µTorrent network. The company also announced that for people living outside the United States, the token will be available for purchase only on Binance Launchpad platform.
BitTorrent which boasts of having more than 100 million users will now allow its users to pay for faster downloads using the same tokens. BitTorrent is a communication protocol for peer-to-peer file sharing used to distribute data and electronic files.
Recently, cryptocurrency exchanges like WazirX and Koinex announced that it will support BitTorrent token [BTT] airdrop. Koinex shared the news on Twitter stating, “Tron users, this one is for you guys! We will support the upcoming Bittorrent [BTT] airdrop. Tron hodlers will get BTT tokens in the airdrop and the same will be credited to their Koin Wallets!”
Details about the new token were shared by TRON founder Justin Sun and the project head in a live stream on January 4. They are expecting BTT to boost the adoption of the Tron network as BitTorrent already has around 100 million users. TRON CEO, in fact, believes that the BTT launch will be the first step in creating a fully functional decentralized ecosystem. He said, “So this is just the first step. I think in the future BTT will definitely have like a more user case and become even I think the one of the largest decentralized user case in the world.
In other news, former chief strategy officer at BitTorrent, Simon Morris, in a recent interview claimed that TRON will not be able to manage BitTorrent token. Simon Morris in an interview with BREAKER, “It seems they’re going in the same direction [as our plan]. But what’s very clear is that they’re going to say they’re going in the same direction, come what may, because that’s what Tron does…it’s basically, a marketing machine layered on a very thin veneer of technology.”
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