TorrentToken is a revolutionary protocol and token that combines bitTorrent and bitcoin to achieve a revolution in sharing.
website:
torrenttoken.com forum:
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http://torrenttoken.com/wp-content/uploads/2015/01/ZGBVcOA.pngSo what does TorrentToken do different?TorrentToken uses sharing much in the same way bitcoin uses mining. Let’s say there is a torrent that is taking forever to download and the amount of leachers widely outnumbers the seeders. It would be possible to put a bounty on that torrent that seeders could collect. TorrentTokens sharing network could also be used for large scale companies, let’s say they are launching a new game and in their first day they are overloaded with demand. The company could in turn put a bounty on themselves to get people everywhere to lessen the load and make the network run smoother.
Counterparty is a protocol built on top of the Bitcoin protocil. In turn TorrentToken utilizes the counterparty protocol to achieve a peer to peer payment network to subsidize and revolutionize sharing.
Smart contracts can be implemented into TorrentToken to use the features of TorrentToken without running the actual client. In addition smart contracts open up a world of possibility and allow TorrentToken to be used for more than just sharing.
Stay tuned for huge announcements soon to come.
