7/9/2023 0 Comments Bittorrent cryptocurrency![]() San Francisco-based BitTorrent, founded in 2001, is the largest decentralized peer-to-peer network in the world, driving 22 percent of upstream traffic and 3 percent of downstream traffic on the global internet. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide. Tron and BitTorrent plan to provide more details about BitTorrent token and Project Atlas products at niTROn Summit, which will be held January 17 to 18 in San Francisco. BitTorrent token-enabled µTorrent Classic clients will be 100 percent compatible with other clients that support the BitTorrent protocol, and users who wish to opt out will be able to do so in the product’s settings. The BitTorrent token will first be implemented in the Windows-based µTorrent Classic client, BitTorrent’s most popular application. Launchpad helps blockchain startups raise the funds needed to develop their products and provides them with Binance’s advisory resources and access to its ecosystem as part of the company’s larger mission of furthering cryptocurrency adoption. This will be a case study for existing projects.” Through Launchpad, BitTorrent will have greater access to resources across the Binance ecosystem. “BitTorrent is a decentralized project by nature, with a large user base, that is now adding a new token economy to their use case. “We created Launchpad to help entrepreneurs launch their best projects and bring more use cases to the industry,” said Binance CEO and founder Changpeng Zhao (CZ) in a statement. But a new BitTorrent Foundation in Singapore will govern management of the cryptocurrency. regulators have taken a dim view of cryptocurrency launches, known as initial coin offerings (ICOs). accounts on Binance Launchpad, the token sale platform by leading cryptocurrency exchange Binance. It will be available exclusively to non-U.S. The BitTorrent token is compatible with TRC-10, the basis for Tron’s own cryptocurrency, dubbed TRX. “In one giant leap, the BitTorrent client can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.” “BitTorrent token is the first in a series of steps to support a decentralized internet,” said Sun, who is also CEO of BitTorrent, in a statement.
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