BitTorrent’s Master Plan to Bring a Tron-Powered Crypto Token to the Masses

This weekend, Binance founder Changpeng Zhao lauded Tron on Twitter for bringing a crypto-powered business model to the storied file-sharing software it bought last summer, BitTorrent.

Zhao, who topped CoinDesk’s Most Influential list for 2018, wrote:

“The grandfather of Dapp[s] finally finds its decentralized currency and business model. Should be a very interesting case study.”

Zhao’s tweet yielded over 100 retweets and over 500 likes, and a decent thread of comments following what he had to say. Many responders seemed to jump to the conclusion that Tron would make BitTorrent a paid service. Instead, it’s giving users an option to spend some crypto – the new BitTorrent Token (BTT), to be precise – to improve their user experience.

The BTT white paper (PDF) promises a broad universe of possibilities, according to a review by CoinDesk. “By introducing a mechanism for value storage and exchange we aim to greatly broaden the universe of possible participants – either service requesters, service providers or both,” the document reads.

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