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Blockchain can give torrenting a much needed makeover

Torrenting has the reputation of being shady and illegal; the domain of dishonest pirates and the ruin of the music and media industries.

This bad reputation derives from the assumption that all torrents involve illegal files. While this is often the case, many people overlook the fact that torrenting has a lot of completely legal and ethical uses beyond the world of piracy.

Yet, bad reputation has the habit of attacking, and there are other problems afflicting the industry. BitTorrent has been a long time the gold standard for sharing peer-to-peer files, with tens of millions of active users every day. However, it is still burdened by problems, such as files that users can not simply download or share due to lack of seeds.

While people are happy to download the files of others, it seems that less are willing to return the favor by sharing their downloaded content with the community.

The result is that file sharing, while still popular, is starting to lose relevance. People are migrating to different sources such as streaming services and what has been used to form the cornerstone of the Internet could soon be nothing more than a marginal activity.

The good news is that there is still a big appetite for file sharing and generates huge volumes of traffic. It is vital to act before it is too late, while there is still an industry to save.

While it is still popular, file sharing is slowly declining (https://www.statista.com/statistics/267205/file-sharing-data-traffic-volume-in-western-europe/)

So, what is the solution?

TRON& # 39; S Project atlas It could be a big step forward. Recently TRON acquired BitTorrent create the largest decentralized ecosystem in the world with over 100 million users worldwide.

Using blockchain and tokenization to highlight the benefits of torrenting outside of piracy, a more responsible user base is encouraging. Users will also be rewarded for their contributions, which will promote a healthy and stable economy.

The torrenting is fantastic, but it will be better

The torrent has an image problem. In the past it has been widely used incorrectly to pirate content and illegally download anything from cell phone ringtones to Full HD movies, and this has clouded the entire space.

In reality, however, piracy is in decline. In fact, torrenting software is incredibly useful in many other areas, all completely overboard.

Illegal downloads are becoming a thing of the past (Department of Communications, Australia)

For example, companies can use torrents to share files and data stores. It can also be used to archive and access files more easily through large, decentralized networks. Torrenting gives us an idea of ​​how a truly decentralized storage system could be.

But we have not yet arrived. The current ecosystem fails by punishing torrenters and not providing them with enough incentives to seed files and contribute to the sharing economy.

Reform, not replace

Blockchain technology offers a series of solutions to torrenting and file sharing problems.

Flixxo, community-based video distribution platform, combines the BitTorrent protocol and smart contracts to create a legal and decentralized content distribution network.

In Flixxo's P2P network, creators can distribute and monetize their content by encouraging media distribution. This is done by share the revenue with the sowers, a term that refers to the user who downloaded the content, stored it on his computer and shared it.

Other projects like Choon uses technology to remove intermediaries from music streaming, allowing users to pay artists directly for music and encourage an ethical download.

It is a step towards a more ethical consumption, but also neglects many of the real benefits that come from torrenting, such as those mentioned above. Simply switching to a new content access model ignores the benefits of peer-to-peer file sharing. Eliminating industry is a bad idea – we should instead focus on its reform.

This is where the Atlas of the project comes into play by creating a new incentive structure to encourage better sharing of habits.

The current system is based too much on the generosity and community spirit of casual users. There is no real reason, beyond the desire to support the ecosystem, so that users continue to sow the files once the download is complete.

Instead, Project Atlas offers a real prize to users who decide to be more than just buyers. Those who participate in the system as seeders will receive tokens as a form of payment.

By promoting seeding, the project helps move towards faster access to files, easier sharing and greater decentralization on a larger scale.

Furthermore, a healthier and more cooperative torrenting community also means that the files are more distributed. This avoids the kind of centralization that defines so much the current Internet and creates a more free and more democratic ecosystem.

With a blockchain-based infrastructure, decentralization is a feature that is inserted into the software, not just a result.

Torrents in 2019

For now, torrents still have a long way to go before they can lose their troubled past and blurred image. A lot of people still see file sharing and torrents as inherently wrong and even illegal, and this will not change from one day to the next.

But it can change, and it does not even have to last forever. With a healthier model, the industry can enter a new phase and quickly acquire a new reputation.

The The blockchain industry is growing rapidlyand combining it with torrenting will give a boost to both sectors. The two have a lot in common, not least a fundamental commitment to the values ​​of democracy and the open exchange of information.

If they can work together successfully and use features like tokens to their fullest potential, it is not a huge effort to say that they could transform the way we exchange content.

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