BitTorrent, which pioneered peer-to-peer technology for sharing files on the internet, is creating its own cryptocurrency.
Issued by the Singapore-based BitTorrent Foundation, the new BitTorrent Token (BTT) will run on the tron protocol, developed by Tron, which acquired BitTorrent in June of last year. The file-sharing software company claims to have 100 million users.
Justin Sun, founder of Tron and CEO of BitTorrent, said in a press release:
“In one giant leap, we 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.”
https://www.coindesk.com/bittorrent-is-launching-its-own-cryptocurrency-on-the-tron-network