This is an official announcement for vTorrent project
We are more than happy to take on board suggestions from the community.
Our goal is to make vTorrent the choice for people who uses bittorrent protocol
and for people who love crypto-currency around the globe.
We are not aiming to be 'the next Bitcoin', but we are aiming to be limewire or kazaa with blockchain at its core.
Max Total supply: 20 million
Coinbase maturity: 50 blocks
Target spacing: 60 seconds
*more about premine below
Algorithm: Scrypt (Hybrid PoW/PoS)
Stealth: All-time, impossible to trace transactions through the block chain.
Proof of Work
Last POW block: 97,000
Block reward: 200 VTR
Proof of Stake
PoS interest: 5% per year
Min stake age: 6 hours
Max stake age: 6 days
Ports: 22524 (22525 TestNet)
RPC: 22523 (22521 TestNet)
Bounty For Developer
We will reward 1% of premine to anyone or team of developer that could develop a working concept of 'BitTorrent on Blockchain'
One of the rule is that the solution must be achievable with decentralised/distributed concept, contribute it to our project.
and only if they can deliver it before us.
Please PM me if you want to join our private beta program for Windows, OSX and Ubuntu.
Beta user please report your feedback in PM.
Currently BitTorrent in-client features are still in development.
-Distribute BitTorrent metadata on Blockchain.
-System to reward both uploader and seeders.
Screenshot of early-beta version of client with BitTorrent build-in, currently only download function is available.