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BTT Rewards for Seeding on BitTorrent Could Go Live by Q2, 2019 - Ethereum World News

[Published: 2019-02-05T10:29:41Z] [Author: John P. Njui] [Powered by:]

As the crypto trading community continues to be wowed by the massive gains in the markets being showcased by BTT token, BitTorrent Inc. has announced via twitter that the use-case of the token could be live as early as the second quarter of this year. The tweet making the announcement also mentioned that it will happen through an application known as BitTorrent Speed. The tweet can be found below.

What is BitTorrent Speed?

As explained in the tweet, BitTorrent Speed will provide an avenue to reward users of the peer-to-peer file sharing service with BTT in exchange for seeding and bandwidth. Such incentives will enable faster downloads and pivot its 100+ Million users into creating the first version of a tokenized decentralized internet. BTT will also be used to support content creators all around the world from their torrent client.

The long term vision of BTT as explained on the project’s whitepaper is to go beyond bandwidth and storage in its use. BTT will eventually provide a distributed infrastructure platform to third party app developers and enable customers to get some value out of allowing others to make use of their spare resources. The end result will be a border-less economy with computing resources as the commodity being exchanged for BTT tokens.

Effect on the Value of Both TRX and BTT

Checking, we find that TRX has once again edged out Stellar (XLM) from the number 8 spot. With time, Tron might find its self in the top 5. Approximately $304 Million in market cap separate TRX from Bitcoin Cash (BCH). TRX need only be valued at $0.03147 to achieve the goal of being a top 5 coin. The current value of TRX is $0.0269.

In the case of BTT, the token h ...