💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

BitTorrent’s Master Plan to Bring a Tron-Powered Crypto Token to the Masses

Published 01/08/2019, 12:00 PM
Updated 01/08/2019, 12:15 PM
© Reuters.

This weekend, Binance founder Changpeng Zhao lauded Tron on Twitter for bringing a crypto-powered business model to the storied file-sharing software it bought last summer, BitTorrent.

Zhao, who topped CoinDesk's Most Influential list for 2018, wrote:

"The grandfather of Dapp[s] finally finds its decentralized currency and business model. Should be a very interesting case study."
Zhao's tweet yielded over 100 retweets and over 500 likes, and a decent thread of comments following what he had to say. Many responders seemed to jump to the conclusion that Tron would make BitTorrent a paid service. Instead, it's giving users an option to spend some crypto – the new BitTorrent Token (BTT), to be precise – to improve their user experience.

The BTT white paper (PDF) promises a broad universe of possibilities, according to a review by CoinDesk. "By introducing a mechanism for value storage and exchange we aim to greatly broaden the universe of possible participants – either service requesters, service providers or both," the document reads.

Continue Reading on CoinDesk

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.