The popular peer to peer file sharing site BitTorrent, which has hundreds of millions of users, is launching Project Atlas, where BitTorrent will merge with blockchain technology. BitTorrent will be offering Tron (TRX) as an incentive for seeders, which will create a paradigm shift in the filesharing industry. This follows the acquisition of BitTorrent by Tron, the 13th most valuable crypto with a market cap of USD 1.5 billion, in June 2018.
BitTorrent and other torrenting sites have always had an incentive for seeders to upload faster since they would be able to download more quickly. Now BitTorrent seeders will be paid TRX for seeding files longer, as well as seeding with higher bandwidth and dedicating more of their computer storage to BitTorrent. This is a new and exciting idea for the torrenting industry, never before have users been able to earn money by seeding files. This should re-invigorate the number of seeders and download speeds on BitTorrent.
Further, users will be able to pay TRX for faster downloads. This TRX will be paid towards the seeders, fueling the system where seeders are paid for their services. It’s a win-win situation, downloaders will get their files much quicker, and seeders will earn money for facilitating that.
The CEO of Tron, Justin Sun, says “Project Atlas is the foundation for a new way of content distribution. To start, 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”.
As Sun says, BitTorrent users who choose to use old clients that don’t have TRX technology will still be able to use the network, making Project Atlas fully backward compatible. This is a good decision, since torrenters often stick to a client that works for them and generally don’t check for updates, so previous users who like their client will stay on the network. However, due to the exciting prospect of earning money by seeding, it is likely many users will upgrade.
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