VibraVid is a project running on Tron’s blockchain. It’s powered by the BeatzCoin cryptocurrency (soon to be listed at Binance), and it’s adopting BitTorrent’s technology in amazing ways to achieve true decentralization. In this article, we tell you the full story, including context. We start at the beginning.
Tron is a third generation blockchain project. The “third generation” thing means that this blockchain should be regarded more like a programmable platform capable of running decentralized applications and smart contracts, more than being centered around a cryptocurrency, which is the case with Bitcoin and many other blockchains.
There is a currency at Tron, for sure. It’s called Tronix or TRX. But in this kind of project, the token is there to support the network and not the other way around.
Also, it’s a project with a vision: using blockchain technology to decentralize the world wide web in full. This means that, if Tron had its way, the web wouldn’t run on servers and services ruled by central authorities (Google, Facebook, YouTube, Microsoft, you know the names) but on Tron’s network and blockchain in a fully decentralized way. Does this sound overly ambitious? That’s because it is, but read on, it just could happen.
The BitTorrent affair
You probably know about BitTorrent already. It’s a P2P filesharing service that has been around for a long time already, and it’s the world’s largest decentralized network. Because BitTorrent provides the world with the content of all kinds using full decentralization, its history and values are perfectly lined up with Tron’s.
That is why the Tron Foundation bought BitTorrent a few months ago, and it’s working towards integration between Tron and BitTorrent. So, soon, BitTorrent won’t only be a vast network, but a colossal blockchain network. Tron, in turn, will become the largest blockchain or decentralized system of any kind in the world.
There’s been a lot of rumors and expectations about the precise way in which Tron and BitTorrent will come together. A cryptocurrency (BitTorrent Token, BTT) based on Tron’s token technology has already been issued, and it’s tradeable in several cryptocurrency exchanges. The exact merging mechanism is still unknown in full detail, but a Tron project VibraVid is getting proactive about it.
VibraVid is a digital platform that runs on Tron’s network, and it’s being developed by beatzcoin. It aims to reinvent the global marketing platform for digital content producers and consumers. It wants to transform how advertising interacts with content providers and to create new marketing strategies that will engage users thus enhancing the revenue potential for creators.
In short, VibraVid wants to combine the power of Tron, BeatzCoin, and BitTorrent to empower the artists on the internet.
BitTorrent and VibraVid
VibraVid one of the few Tron projects that are taking steps to take advantage of BitTorrent’s integration with Tron by being very creative and bold. It’s a huge technical challenge, but the project is taking it seriously and facing it head-on.
Our Official #Press #Release Regarding @BitTorrent $BTT and #Binance. #VibraVid is going to #Change the #Game for #Digital #Content #Distribution.@justinsuntron @Tronfoundation @officialmcafee @mishalederman @DavidJDAprile https://t.co/O6MbVmp3En
— BeatzCoin (@BeatzCoin) March 17, 2019
Here’s how it will work: There will be no servers at all in VibraVid. Each piece of content will become a file in BitTorrent (a torrent, in the community’s lingo). Users who want to see this piece of material will download it and become seeders. That, in turn, will provide the user with passive income as users will be rewarded with BTT tokens for seeding any kind of content (VibraVid’s contents included). But such file will be encrypted so that only members in the VibraVid community can view the content. And it’s expected that the network will be so fast that all this will work in real-time.
So no central computers, no servers, no central authorities of any kind. The BitTorrent network will be VibraVid’s server, computer, equipment, and file managing system. All within the Tron network, all decentralized, and providing means of distribution for creators as well as content for users.
We salute VibraVid’s courage to take on such a huge challenge. This is how the web will be decentralized.
Image courtesy of Pixabay.
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.