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Naturally, this means a platform such as BitTorrent, which plays host to untold amounts of digital content, could slot in with Tron’s objectives very nicely indeed. Tron is a blockchain platform that seeks to revolutionise the way in which we experience digital content, effectively connecting consumers and artists directly and cutting out the middleman. In reality, the deal makes quite a lot of sense. The man himself has been somewhat reticent with regards to his plans for BitTorrent, leading to much speculation.
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Given that BitTorrent was actually an open source project, meaning its code was freely available, many industry experts were left puzzled as to why Sun decided to pay such a high sum for the platform. It therefore came as a surprise when the sale of BitTorrent was announced in 2018, with Tron’s Justin Sun allegedly paying $140 million in cash for the file sharing platform. Enter TronīitTorrent continued to grow and eventually boasted a huge user base, at various times said to have close to a quarter of a billion monthly users. However, problems can arise when those downloading files do not continue to seed them afterwards, thus reducing the sources for that particular file within the framework.
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The idea quickly caught on and BitTorrent - along with a handful of other file sharing protocols - became the most popular way of sharing everything from PDF files to video and audio over the web.
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By having users connect to various seeds to download different parts of a file, the torrent protocols are able to optimise download and upload rates. Once the user has downloaded the file, then the torrent protocol will ordinarily start seeding it from their PC, thus adding another ‘seed’ to the network. someone else who has the file on their computer and the bandwidth to upload it. The idea was to create a peer-to-peer platform that would allow users to share files and data over the internet in a decentralised way.Įffectively, users are able to download files from a ‘seed’ on the network - i.e. It was actually launched in 2001 by programmer Bram Cohen. BitTorrent And The History Of File SharingīitTorrent predates cryptocurrency by a number of years. In the following BitTorrent price prediction for 20, we’re going to take a closer look at the platform and what sort of an investment opportunity it presents, as well as hear from several top analysts regarding their forecasts for BTT. Naturally, any cryptocurrency associated with the platform has some pretty serious potential. To give you an idea of just how big the BitTorrent platform is, back in 2015 it was estimated that users sending and receiving files across the protocol accounted for up to 20% of all internet traffic worldwide. Back in the early 2000s, BitTorrent was the biggest name out there when it came to sharing content and continues to be the go-to choice for millions of users. However, before cryptocurrency, there was another innovation that democratised digital assets: file sharing.
The cryptocurrency looks set to revolutionise the way we approach finance and has been one of the major breakthroughs of the digital age.
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