BitTorrenters are set to be paid in cryptocurrency for seeding files
The first fruits of Tron’s acquisition of BitTorrent have been announced…
It was back in July of this year that news broke about the Tron Foundation, headed up by Justin Sun, buying BitTorrent. The file sharing service was acquired for an undisclosed sum, and now we’ve got the first clues as to how the two are going to be working together.
The Tron Foundation has announced what it’s calling Project Atlas, a new scheme by which people who file share via BitTorrent will be rewarded with cryptocurrency. This will thus bring together the BitTorrent network, and the userbase of the Tron blockchain.
As per the official announcement, Justin Sun declared that “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”.
Payment for file sharing will come via the Tronix (TRX) token. Those who seed files in particular will be open to extra credit, as users will be able to offer them extra for giving more bandwidth to files they may particularly want. In turn, that means that download speeds for the files in question will also be quicker. We await confirmation as to when Project Atlas kicks in formally.
Meanwhile, if you’ve got a spare 76 minutes and 44 seconds, the Tron Foundation has released a video that gives a detailed update with regards its technical application. You can see that right here…