Hello and welcome to this blog post about BitTorrent BTT White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the BitTorrent BTT white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the BitTorrent (BTT).
I can ensue you that, you will be able to understand every bits and pieces related to BitTorrent (BTT) after going through the BitTorrent BTT white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
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BitTorrent BTT White Paper
BitTorrent BTT white paper will be going to provide you, all the information that is needed to get started with BitTorrent (BTT), including the inspiration for creating, the problem it is trying to solve and the solution proposed by BitTorrent (BTT).
“ The BitTorrent protocol, created by BitTorrent Inc., facilitates the exchange of files between untrusted parties. Its primary limitation is that collaborations between parties using the protocol cannot persist over time, inhibiting the exchange. Blockchain technologies allow for collaborations between untrusted parties to persist over much longer periods of time.
BitTorrent has the ecosystem and expertise necessary to integrate blockchain technologies into the BitTorrent protocol. Doing so would both eliminate the protocol’s existing flaw as well as open up a new borderless economy in exchanging value for computing resources on a global scale.
To accomplish this, TRON Foundation and BitTorrent Foundation are introducing a new cryptographic token, called BTT, along with an extended version of the BitTorrent protocol. Together, the token and extended protocol will create a token-based economy for networking, bandwidth and storage usage.
The initial entry point is to introduce token-based optimizations to the existing BitTorrent protocol, providing a way for the value of shared bandwidth to be captured by network participants. The longer-term vision is to broaden the usage of the BitTorrent protocol far beyond current use cases by providing a distributed infrastructure platform to third-party app developers, creating the foundation for the decentralized web.”
White Paper Link: BitTorrent (BTT) White Paper
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