We will tell you a little about BitTorrent Storage every day | BitTorrent Web3 Storage on Binance Square

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We will tell you a little about BitTorrent Storage every day, what is BTTC and what are its next steps #BTTcReward #bttc🤓 #BitTorrent  

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BitTorrent TOKEN ( BTTC ) Analysis 🚀🚀🚀 This is the best time to buy BTTC tokens. So, buy BTTC tokens without delay and start mining BTTC tokens with locked earnings. My psychology says BTTC token 1 day candlestick pattern will go up tomorrow. What is your psychology that the market will go up or down, let me know in the comments. #BitTorrentCommunity #BitTorrentChain #BTTCLOVERS #Bittorent #BTTcReward

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BitTorrent Token (BTTC) MATCHMAKING Part - 2 🚀🚀🚀 How this inclusion takes places will vary depending on how the client's choking algorithm is implemented. When it comes time for the client to run its choking algorithm, it first compiles a list of eligible bids. The example algorithm described above could be modified to sort peers by a combination of highest eligible bid and most data received. When an eligible bidder is unchoked, the service provider will send a new BitTorrent protocol extension bid response message to the bidder containing the rate in BTT/byte the bidder is expected to pay. This message will be followed by a normal unchoke message. Clients may implement any auction format, but a variant of the Vickrey-Clarke-Groves auction is expected to produce optimum results. See Figure 2 for an outline of the auction mechanics, which ends up being a multi-unit uniform price auction. Each service requester bids on only one unchoke slot per service provider. Clients would charge each unchoked bidder the rate of the highest losing bid. Caution must be exercised when dealing with optimistic unchoking due to its importance in allowing new peers to bootstrap into the swarm. The optimistic unchoke slots) should not be subject to the same auction format as the regular unchoke slots. If the client is using a round-robin algorithm for optimistic unchoking, it should only apply an auction to break ties between peers which have gone the same amount of time since being choked. This means auctioning of the optimistic unchoke slot will typically only happen between bidders that have never been unchoked. In swarms with both BTTC-enabled BitTorrent clients and legacy BitTorrent clients, service requesters will be able to offer BTT to service providers. However, upload speeds from legacy BitTorrent clients will be maximized without regard for any BTTC bids. #BitTorrent #BitTorrentChain #BitTorrentCommunity #BTTcReward #BTTCLOVERS

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BitTorrent TOKEN ( BTTC )Transaction Processing 💵💵💵 Once a service requester receives both the bid response and unchoke messages, it opens a payment channel on the private ledger whose output is addressed to the service provider. The service provider expects payment to be delivered via a new or existing channel for each complete piece received by the service requester. Below, the service requester is the party sending BTTC, and the service provider is the party receiving it. 1. The service requester creates a public key (K1) and requests a public key from the service provider (K2). 2. When the service requester wishes to pay the service provider, it opens a channel on the private ledger with K2 as the destination account. When the channel is created, the service requester transfers some of its BTTC into the channel. This BTTC is deducted from the account associated with K1. 3. The service requester generates a transaction on the channel which disburses the initial payment amount to K2 and the remainder of the channel's BTT to K1. 4. The service requester signs the transaction, then sends the transaction and the signature to the service provider. 5. If the service provider has not seen the channel before, it requests the channel information from the private ledger. The service provider only accepts the payment if the channel information retrieved from the ledger matches the information received from the service requester. 6. When the service requester wishes to send another payment to the service provider, it adjusts the transaction to allocate more value to K2. It then re-signs the new transaction and sends the transaction and the signature to the service provider. 7. If the service requester wishes to send more payment, but the existing channel's BTTC is entirely allocated to the service provider, the service requester opens a new channel on the ledger and uses it to send payment as described in steps 2-4. Wait For BitTorrent TOKEN ( BTTC ) part - 2 #BitTorrent #BitTorrentChain #BitTorrentCommunity #BTTCtothemoon #BTTCLOVERS

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BitTorrent Token ( BTTC ) MATCHMAKING 🚀 The BitTorrent protocol uses a sharing algorithm called "tit-for-tat", which is implemented using a mechanism called "choking." BitTorrent clients classify peers as either choked or unchoked. An example choking algorithm might sort peers based on how much data the client has received from each one since the choking algorithm was last executed. The first n peers (where n is the number of unchoke slots, a fixed value chosen by each client) are classified as unchoked and the rest as choked. Only unchoked peers are eligible to receive data. The choke state of all peers is recalculated periodically (typically every 15 seconds). Seeds do not receive any data from peers, so they use the amount of data sent to each peer to determine which peers are eligible to be unchoked in the next round. This means seeds optimize for maximum throughput, with no regard for any other factor. There is also a separate choking algorithm called "optimistic unchoking" which uses a number of reserved unchoke slots (typically one). Optimistic unchoking selects a peer to unchoke in a random or round-robin fashion. This allows new peers an opportunity to receive some data so that they can start reciprocating with other peers. Choking is the primary means of allocating resources within a BitTorrent swarm. BitTorrent Speed will extend this mechanism so that a service provider will include both BTTC bid data and peer upload rate in its decisions about which peer to unchoke. Waiting for BitTorrent BTTC Matchmaking Part - 2 Guys And Follow me for next update. #Bittorent #BitTorrentCommunity #BitTorrentChain #Btttc #BTTC/USDT

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Automatic Bidding of BitTorrent (BTTC) 🚀🚀🚀 For the initial release, clients will use a simplified auto-bidding mechanism. In this version, the client simply bids a fraction of the remaining BTTC balance in the service requester's wallet. This is how the bid is calculated: bid = (spending rate x remaining balance in BTTC)/(remaining download in kilobytes) This formula implies that as a download progresses, the bid will change. For the initial release, the client will not rebid until the bid changes by more than 10% from the previous bid. The spending rate (a parameter that can vary from 0.0 to 1.0 depending on how aggressive the client should be bidding) will be defined to be 1.0. If the number of kilobytes remaining is equal to zero, then the bid automatically stops in order to prevent division by zero. In the future, this algorithm will be refined. For example, based on existing bid message traffic and current transfers, the client will be able to estimate a market rate for bandwidth. The client also has a picture of piece rarity it can use to inform bid amounts. #Bittorent #BitTorrentCommunity #BitTorrentChain #BTTCLOVERS #Btttc

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