Any crypto enthusiast knows who Justin Sun is and not that he’s the founder and CEO of Tron but from his consistent updates in the crypto space. Although some of his announcements has never come to pass (like the Liverpool FC partnership), most of his statements have hit the crypto community, especially the Tron users with a smile on the face.
After the network’s merger with BitTorrent months ago, it seems that as each day passes, something new and massive is born.
BitTorrent Speed Release
As always, Sun recently did what he does, best promising the crypto community that plans are underway to bring something special on BitTorrent. Tron’s founder states that the release of BitTorrent Speed is only a tip of an iceberg and that their team is gearing up for a plethora of plans for BitTorrent.
Releasing #BitTorrent Speed is only the first step, we have more epic plans for #BTT😍…so stay tuned! $BTT @BitTorrent
— Justin Sun (@justinsuntron) May 20, 2019
BitTorrent Speed essentially connects as well as rewards users with the BTT tokens when serving data to others by seeding the contents files. The longer it takes to upload the files, the more the user receives BTT tokens.
Also, those downloading files will pay the content shares with the BTT tokens to receive faster download speeds. In general, users are incentivized to upload files for an extended period, and those downloading benefit from the faster speeds.
It’s perhaps the largest blockchain app in the world given the fact that BitTorrent serves over 100 million users across the globe.
Platforms like Instagram and Snapchat Must be Feeling the Pressure
Tron aims to decentralize the web by the use of blockchain technology. Which means users produce as well as transfer content quickly without the middlemen like Facebook and YouTube.
It’s on that note that BitTorrent looks to overtake those platforms. Using the BTLive has been poised to translate to folks dropping Instagram and Snapchat and the likes because BitTorrent is profitable.
But how is that possible?
First, the platforms are free to use and make them a cheap alternative. However, unlike BTT, users won’t be making any money using them.
With BTT, there are incentives when uploading files which allow earning of tokens when downloading the files. Besides, the process of uploading and downloading is a rapid one.
Nevertheless, the crypto community has to be excited with Tron’s new BTLive, which is tipped to be a game changer as we wait for more grand plans.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
