BitTorrent, Inc., a peer-to-peer protocol and a product company, announced the expected release for BitTorrent Speed and its new cryptographic token, which will create a blockchain application to quickly upload and download files.
According to BitTorrent, BitTorrent Speed is a software that connects and rewards users with BitTorrent tokens (BTT). It has been revealed that with BitTorrent Speed, the BitTorrent protocol client will be able to receive tokens to "seed" the files for longer periods. With the tokenized incentive for seeding files, download speeds on peer-to-peer networks can be faster and become more readily available. While sharing more details about the software, Justin Sun, founder of TRON and CEO of BitTorrent, said:
"With BitTorrent Speed, we aim to strengthen the BitTorrent protocol and thus provide more features that inspire innovation across all industries, with more than 100 million users soon having the opportunity to be part of a borderless Internet that supports personal privacy and connection all over the world. "
Justin Knoll, responsible for the development of BitTorrent Speed, then commented:
"When users get access to BitTorrent Speed, they will be swept away by the improvements we've made to the client they know and love today."
BitTorrent has also shared that BTT will be available exclusively for non-US accounts on Binance Launchpad, the exclusive token sales platform of the main Binance cryptocurrency exchange on January 28th It is expected that BitTorrent Speed will be widely available by the summer on the popular μTorrent Classic client of Windows. BitTorrent added that the new tokenized features are backward compatible with previous versions and will not affect users' download or seed capacity.