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P2P \ufb01le-sharing has become a hot topic in the cryptocurrency world recently as Tron announces its planned release of BitTorrent Token (BTT). As of writing this article, there are no widely-scalable torrenting systems that incorporate blockchain and reward seeders. The current system – frequently relying on downloading\/uploading ratios – only incentivizes uploading by forcing seeders to upload\/seed in order to keep a speci\ufb01c ratio. But what if there was a system that made seeders WANT to seed?<\/p>\n
Both Project Atlas (BitTorrent) and Up\ufb01ring are two blockchain projects taking on this challenge – albeit with di\ufb00erent approaches to the issue. Here are several key di\ufb00erences between the two systems.<\/p>\n
BitTorrent’s system, including using a BTT-aware client – will be optional. Up\ufb01ring will be mandatory.<\/p>\n
Users can proceed to use BitTorrent as they have been, even after Project Atlas and the BTT token are released. BTT-aware clients will allow users to o\ufb00er incentives to seeders and earn BTT themselves through seeding. Meanwhile, Up\ufb01ring creates an entirely separate system through the creation of Up\ufb01ring \ufb01les, with the \ufb01le extension .ufr (jnstead of .torrent). Up\ufb01ring \ufb01les are encrypted and packaged with price information, in UFR, and require downloaders to pay the UFR price in order to decrypt the \ufb01les and access the contents inside.<\/p>\n
Project Atlas uses state channels, Up\ufb01ring uses smart contracts.<\/p>\n
While both projects reward seeders with a token, they have di\ufb00erent mechanisms of doing so. Project Atlas has elected not to incorporate smart contracts into their \ufb01le- sharing method and instead use something called state channels, which allow token transfers to occur between 2 peers – which are then subsequently settled on-chain. Up\ufb01ring, in contrast, uses several smart contracts on the Ethereum network. These smart contracts distribute funds between all seeders of a \ufb01le and allow users several capabilities such as depositing, withdrawing, and several others.<\/p>\n
Up\ufb01ring is an emerging project, Project Atlas is already building on a huge one.<\/p>\n
It’s no secret that BitTorrent is extremely widespread. There are, according to BitTorrent, hundreds of millions of users already on the network. Meanwhile, Up\ufb01ring is a newer project founded in early 2017 that is still building a userbase. In addition, Up\ufb01ring’s (UFR) market cap is nearly 1000x less than Tron’s (TRX). This makes Up\ufb01ring a high-risk, high-reward investment – while TRX is generally more “established” and well-known in the space.<\/p>\n
One thing is certain – this is an excellent use-case for cryptocurrency. It solves the long-standing seeder issue – that is, seeders having no reason to continue seeding a \ufb01le after downloading it. It remains to be seen which of these projects will capture the majority of the market, as both are in their early stages.<\/p>\n
Right now, Up\ufb01ring has a prototype dapp available – found here: https:\/\/github.com\/up\ufb01ring\/up\ufb01ring-update releases<\/a>.<\/p>\n Meanwhile, Project Atlas has just released their o\ufb03cial BTT Whitepaper, which can be found here: https:\/\/www.bittorrent.com\/btt\/btt-docs\/BitTorrent_Token_Whitepaper.pdf<\/a><\/p>\n Media Contact<\/span> P2P \ufb01le-sharing has become a hot topic in the cryptocurrency world recently as Tron announces its planned release of BitTorrent Token (BTT). As of writing this article, there are no<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts\/133446"}],"collection":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/comments?post=133446"}],"version-history":[{"count":0,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts\/133446\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/media?parent=133446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/categories?post=133446"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/tags?post=133446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} <\/div>\n
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