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The exuberant and audacious CEO of TRON, Justin Sun, is very confident and enthusiastic about the TRON-based BitTorrent cryptocurrency. BitTorrent Token (BTT). On January 7, Sun took his excitement on Twitter where he shared a tweet titled "Tokenizing the world's largest decentralized file sharing protocol with BTT".
Want to know more about BitTorrent $ BTT, the token that will enable #blockchain mass adoption? Read our white paper 😉https: //t.co/vF74O2VSmX pic.twitter.com/BOdoAP0MLJ
– Justin Sun (@justinsuntron) January 7, 2019
Sun has great goals for TRON (TRX) as he imagines his blockchain platform as the main platform for sharing decentralized entertainment content. He made numerous observations in bold on his goals and what will happen for TRON.
For example, he stated that TRON will surpass Ethereum in terms of development and the number of transactions. As Sun says, TRON's blockchain can handle thousands of transactions per second, and Ethereum developers will leave Ethereum and come on the TRON platform.
All these statements have come true, but everyone has criticized Sun at the time for making them. TRON has become one of the most performing blockchains, with performances statistics to back up.
His last tweet stating that BitTorrent BTT will be the token that allows for the adoption of mass blockchain should not be taken lightly. Although this statement may be his boldest, Sun has shown that he has the tenacity and drive to grow TRON's influence in the encrypted space.
BitTorrent and BTT
BitTorrent is a communication protocol that allows the transfer of peer-to-peer electronic files over the Internet. It is a very efficient protocol for sharing large amounts of data on the Internet because every part of a file downloaded by a user is transferred to other users.
Essentially, the BitTorrent protocol creates the largest decentralized data file market in the world. Users from anywhere can download files to the peer-to-peer file sharing system using the BitTorrent client.
An example of a BitTorrent client is uTorrent, which is the most popular BitTorrent client.
Now, BitTorrent is creating his own cryptocurrency (BTT) which runs on the TRON network. The token will have utility because BitTorrent users will be able to use BTT to pay high download speeds. Currently, the BitTorrent protocol is free, which means that anyone can download the files for free if available.
With the new BitTorrent cryptocurrency, it is not that the protocol is starting to pay for its services. Rather, BTT tokens will simply be used to encourage users to share more data and increase download speeds in the decentralized file sharing market.
Users who continue to share data files will be rewarded with BTT by users who are willing to pay. In theory, the BTT token should improve the speed, quality and content of the decentralized file sharing network through incentive.
Conclusion
Sun acquired BitTorrent to further develop its vision of a decentralized content-sharing ecosystem using blockchain technology and cryptocurrency. It has big projects to improve BitTorrent functions and to introduce blockchain and cryptocurrency technology to millions of users all over the world.
BitTorrent has over 200 million users and if these users benefit from the improvements that Sun intends to implement, BitTorrent could very well be the one that leads to the adoption of blockchain mass.
It's an exciting time for the TRON and blockchain technology while developing this development. Also Binance The managing director, Changpeng Zhao (CZ) showed his appreciation for what Tron proposes to do.
Dapp's grandfather finally finds his decentralized currency and business model. It should be a very interesting case study.
– CZ Binance (@cz_binance) 5 January 2019
Does the BTT BitTorrent token based on Tron allow the adoption of blockchain mass? Let us know what you think in the comments section below.
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