Tron’s Project Atlas Enables BitTorrent Seeders To Earn TRX Based On Bandwidth And Storage Allocation
Tron offers BitTorrent users a novel new way of being compensated in TRX tokens for sharing content on the network. BitTorrent users will soon be rewarded in TRX for seeding content to their fellow peers in the peer-to-peer file sharing platform.
Tron offers BitTorrent users a novel new way of being compensated in TRX tokens for sharing content on the network. BitTorrent users will soon be incentivized in TRX tokens for seeding content to their fellow peers in the peer-to-peer file sharing platform.
The new project is believed to strengthen the network through financial incentive, leading to more content, faster downloads, and more.
Tron continues to pioneer blockchain use cases
Tron’s march towards genuinely decentralizing the web continues with the Justin Sun-led cryptocurrency platform setting its sights on making content creation and distribution a worthwhile experience for users.
Already one of the top blockchain-based projects in the crypto industry, Tron’s acquisition of BitTorrent earlier in the year was lauded as a “genius” move on the part of Sun.
According to an official release on September 27, the popular file-sharing platform is the next step for Tron in the push to revolutionize the crypto industry.
In a bold but strategically sound decision, Tron has revealed that it will upgrade the p2p platform and introduce a protocol that will reward content providers, known as seeders, with Tron tokens (TRX).
Tron incentivizing sharing on the BitTorrent network
BitTorrent has over 100 million active users, which the platform now has plans to monetize – by allowing users to get paid for seeding, the company hopes to significantly stimulate p2p file sharing.
Initially, the peer-to-peer network will connect its 100 million users to TRON’s blockchain. Once connected via a set of protocol extensions and a custom token, BitTorrent peers will have the opportunity to spend tokens that will then act as an incentive to other users.
Incentivized users will find seeding torrents for an extended period leading to not just better swarm longevity but also faster download speeds for other files on the network.
All these strategies are part of Tron’s Project Atlas, what Sun has called the “foundation” that will support a revolutionary way of distributing content.
Traditionally, content sharing on the BitTorrent platform has been free; where seeders (content providers) have no incentive outside of the goodness of their heart, and leechers (content consumers) have no incentive to continue sharing, thus becoming seeders, after they finished downloading their files.
Lack of incentive meant that seeders have little motivation to supply the bandwidth and storage necessary to ensure swarms lived longer.
Project Atlas will make it possible for seeders to earn tokens and in turn have the incentive to dedicate more of their bandwidth and storage to filesharing, fundamentally transforming content distribution.
The value of Project Atlas, according to Justin Sun, is that the BitTorrent will be able to offer faster downloads, far more seeds, will have no mining, and will be backward compatible with existing protocols.
He then added;
“We aim to eventually empower all content creators and their communities by eliminating the middleman and enabling content creators to distribute directly to users.”
Being backward compatible means that file sharers on the platform do not need to get new clients or look to install extensions. Leechers and seeders will all be able to enjoy the incentive program regardless of the client they are using.
BitTorrent will implement the evolutionary protocol in its desktop client first before releasing a mobile equivalent.
Project Atlas, like BitTorrent, is an open-source project that makes it easy for a third party to integrate the new system. The economic incentive for seeding files may offer better content distribution and retention for the file-sharing platform.