TRX Crypto To Be Integrated In BitTorrent Incentive Model
Subsequent to its buyout by blockchain startup Tron, peer-to-peer file sharing facility BitTorrent will start incentivizing clients by rewarding them with TRX tokens.
Tron declared Thursday that its upcoming Project Atlas would link BitTorrent and Tron, trusting to turn the BitTorrent protocol quicker for peers, as well as cheer both new and active users to run the file sharing protocol for extended periods of time, according to a press release.
BitTorrent seeders, or clients saving and sharing files that are downloaded, will be rewarded with Tron’s TRX tokens for staying online for extended periods of time, in addition to “dedicating more of their bandwidth and storage to ensure that swarms are faster and live longer.”
Furthermore, clients downloading content can compensate seeders with tokens as structured in this incentive program. Tron founder and CEO Justin Sun stated the strategy is “the foundation for a new way of content distribution.”
“To start, the product will feature faster downloads, more seeds, no mining, and backward compatibility. It is adapted to the world we live in today: mobile, connected, and transparent. We aim to eventually empower all content creators and their communities by eliminating the middleman and enabling content creators to distribute directly to users.”
The media release stressed that because the Tron protocol employs Delegated Proof-of-Stake (DPoS) as its consensus protocol, TRX tokens will not be mined by clients on their machines. As a substitute, token rewards will be “based on resources provided.” The offered facility is not compulsory – BitTorrent will continue tol remain free to use, according to the press release.
The announcement has come a month after several employees at BitTorrent walked out of the company, partly due to the decisions taken by the new management team.