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The lowest priced token is the stock market 💸💸💸 As we all know, BitTorrent Token BTTC is the lowest price product of Binance market. Do not judge this token only by its price or supply number. It is the largest Peer to Peer Network share in the world. It is a long term investment. In the long run, those who have the supply will benefit. I have invested in BTC token for 7-10 years. Have a peaceful day with your valuable vote. #BTTC #BitTorrentChain #BTTCLOVERS #BTTcReward #BitTorrentCommunity
The lowest priced token is the stock market 💸💸💸

As we all know, BitTorrent Token BTTC is the lowest price product of Binance market. Do not judge this token only by its price or supply number. It is the largest Peer to Peer Network share in the world. It is a long term investment. In the long run, those who have the supply will benefit.

I have invested in BTC token for 7-10 years. Have a peaceful day with your valuable vote.

#BTTC #BitTorrentChain #BTTCLOVERS #BTTcReward #BitTorrentCommunity
I have invested for 1 year
I have invested for 2-5 years
I have invested for 5-10 years
I have not made any investment
5 día(s) restante(s)
Implementation Considerations BitTorrent ( BTTC ) Blockchain ⚙️⚙️⚙️ BTTC applications will be supported by the tens of millions of BitTorrent daily active users. To minimize opportunities for fraud, BTTC applications will provide service in small increments, waiting for payment to be confirmed before additional service is provided. This will require transactions to be handled at a granular level and confirmed in a matter of seconds, ideally in less than a second. Even the most conservative estimates of capacity requirements anticipate dozens of transactions per second. With these needs in mind, it is clear that existing public blockchains will not be able to support on-chain processing and settlement in the near future #BitTorrentChain #Bittorent #BTTC #BTTCLOVERS #BTTC. $BTTC
Implementation Considerations BitTorrent ( BTTC ) Blockchain ⚙️⚙️⚙️

BTTC applications will be supported by the tens of millions of BitTorrent daily active users. To minimize opportunities for fraud, BTTC applications will provide service in small increments, waiting for payment to be confirmed before additional service is provided. This will require transactions to be handled at a granular level and confirmed in a matter of seconds, ideally in less than a second. Even the most conservative estimates of capacity requirements anticipate dozens of transactions per second. With these needs in mind, it is clear that existing public blockchains will not be able to support on-chain processing and settlement in the near future

#BitTorrentChain #Bittorent #BTTC #BTTCLOVERS #BTTC. $BTTC
How to mine BTTC tokens ⛏️⛏️⛏️ To know about BTTC token mining, first we need to know what is mining? Mining is the digging of something. If you want to mine something, you must spend first, then after mining you will face profit loss. To start mining BTTC Token you need to follow the below steps.(BTTC Token Long Term Invest) Step-1 : First you need to spend or buy back BTTC tokens. Step-2: You have to lock the purchased tokens. Results: By locking your purchased BTTC tokens you are getting some dividends, as your tokens grow day by day. In this way, if you keep mining tokens locked for a long time, your tokens will continue to grow. Calculate the profit or loss by selling the token at the end of the time. Example: Suppose you bought BTTC tokens for $20 and locked in 7.7% dividend for 120 days. With 20 dollars you will get approximately 17000000 of tokens with 7.7% dividend and you can mine 430300 tokens. So you are mining 3585 tokens per day. 1308525 tokens are mined in 1 year. 6542625 tokens are mined in 5 years. #miners #BTTcReward #BTTC #BitTorrentCommunity $BTTC #BTTCLOVERS {spot}(BTTCUSDT)
How to mine BTTC tokens ⛏️⛏️⛏️

To know about BTTC token mining, first we need to know what is mining?

Mining is the digging of something. If you want to mine something, you must spend first, then after mining you will face profit loss.

To start mining BTTC Token you need to follow the below steps.(BTTC Token Long Term Invest)

Step-1 : First you need to spend or buy back BTTC tokens. Step-2: You have to lock the purchased tokens.

Results: By locking your purchased BTTC tokens you are getting some dividends, as your tokens grow day by day. In this way, if you keep mining tokens locked for a long time, your tokens will continue to grow. Calculate the profit or loss by selling the token at the end of the time.

Example: Suppose you bought BTTC tokens for $20 and locked in 7.7% dividend for 120 days. With 20 dollars you will get approximately 17000000 of tokens with 7.7% dividend and you can mine 430300 tokens. So you are mining 3585 tokens per day. 1308525 tokens are mined in 1 year. 6542625 tokens are mined in 5 years.

#miners #BTTcReward #BTTC #BitTorrentCommunity $BTTC #BTTCLOVERS
Supply of BTTC tokens 🚀🚀🚀 BTTC token is the world's largest peer to peer network. Which is currently in Lunchpad. You can compare Lunchpad with pre-market. BTTC tokens have not yet supplied all their tokens to the market. Last 6-7 months ago their token supply was 968.25 trillion. It has increased to 986.06 trillion during these few months. Their total token supply is 990 trillion, with only 3.94 trillion remaining. It can be assumed that when the total supply of BTTC tokens is exhausted, the price of the token will increase dramatically. So, buy and save BTTC tokens quickly without delay. #BTTCLOVERS #BTTC. #Bittorent #BitTorrentChain #BitTorrentFamily $BTTC
Supply of BTTC tokens 🚀🚀🚀

BTTC token is the world's largest peer to peer network. Which is currently in Lunchpad. You can compare Lunchpad with pre-market. BTTC tokens have not yet supplied all their tokens to the market. Last 6-7 months ago their token supply was 968.25 trillion. It has increased to 986.06 trillion during these few months. Their total token supply is 990 trillion, with only 3.94 trillion remaining.

It can be assumed that when the total supply of BTTC tokens is exhausted, the price of the token will increase dramatically. So, buy and save BTTC tokens quickly without delay.

#BTTCLOVERS #BTTC. #Bittorent #BitTorrentChain #BitTorrentFamily $BTTC
BTTC TOKEN Incentives 🔥🔥🔥 The continued evolution of the BitTorrent ecosystem will require both coordination of activities and provision of incentives to a broad range of existing and future participants. BitTorrent client implementers, third-party app developers, and online publishers will all be eligible for a system of BTTC incentive awards. The BitTorrent ecosystem has proven that millions of people will enthusiastically share their resources if they can cooperate safely and securely, bound by the rules of a protocol they trust. By introducing a mechanism for value storage and exchange, we aim to greatly broaden the universe of possible participants - either as service requesters, service providers, or both. To maximize the chances of success, it is vital that we ensure that BitTorrent Inc. is not a central monopolist in the BTTC -enabled BitTorrent ecosystem, just as it is far from a monopolist in today's BitTorrent ecosystem. The BTTC project depicted in Figure 4 is one in which the success of ecosystem partners will lead to increasing returns for all ecosystem participants. The purpose of the BTTC incentives will be to: • Promote the BTTC project to current and prospective participants, whether they are service providers, service requesters or both. This means finding and introducing new application developers who are interested in participating in service requests or service provision. • Govern membership and participation rules for the BTTC ecosystem, with the overarching objective of establishing a level playing field on which all can participate fairly. • Govern the equitable and transparent distribution of rewards and incentives such that promising ideas have a fair chance and productive outcomes are fairly rewarded. • Partner with BitTorrent.org volunteers to facilitate discussion around future BitTorrent protocol extensions. Once the BTTC project is running sustainably, we may consider transitioning the rules and procedures it has established for administering BTTC incentives into an instrument with lower overhead, such as a (DAO).
BTTC TOKEN Incentives 🔥🔥🔥
The continued evolution of the BitTorrent ecosystem will require both coordination of activities and provision of incentives to a broad range of existing and future participants. BitTorrent client implementers, third-party app developers, and online publishers will all be eligible for a system of BTTC incentive awards.
The BitTorrent ecosystem has proven that millions of people will enthusiastically share their resources if they can cooperate safely and securely, bound by the rules of a protocol they trust.
By introducing a mechanism for value storage and exchange, we aim to greatly broaden the universe of possible participants - either as service requesters, service providers, or both.
To maximize the chances of success, it is vital that we ensure that BitTorrent Inc. is not a central monopolist in the BTTC -enabled BitTorrent ecosystem, just as it is far from a monopolist in today's BitTorrent ecosystem. The BTTC project depicted in Figure 4 is one in which the success of ecosystem partners will lead to increasing returns for all ecosystem participants.

The purpose of the BTTC incentives will be to:
• Promote the BTTC project to current and prospective participants, whether they are service providers, service requesters or both. This means finding and introducing new application developers who are interested in participating in service requests or service provision.
• Govern membership and participation rules for the BTTC ecosystem, with the overarching objective of establishing a level playing field on which all can participate fairly.
• Govern the equitable and transparent distribution of rewards and incentives such that promising ideas have a fair chance and productive outcomes are fairly rewarded.
• Partner with BitTorrent.org volunteers to facilitate discussion around future
BitTorrent protocol extensions.
Once the BTTC project is running sustainably, we may consider transitioning the rules and procedures it has established for administering BTTC incentives into an instrument with lower overhead, such as a (DAO).
Generalized ( BTTC ) Services - Part 2 🧨🧨🧨 (3) A decentralized proxy service to enable service requesters to pay a service provider for retrieval of content by URL. This will be useful to highly mobile applications or those that seek to evade IP-level network controls. The service will be designed to allow content to be requested in chunks. This will, for example, allow clients with intermittent connectivity, such as mobile users relying on Wi-Fi, to reliably retrieve web resources without needing to maintain an open connection long enough to receive the complete contents. As shown in Figure 3, the various enhancements to the BitTorrent protocol will serve as building blocks for distributed applications. More BTTC services can be implemented and introduced into the service provider network as demand emerges from new BTTC applications. BitTorrent Inc. will provide a forum for discussion and standardization of new BTTC services similar to that provided for the BitTorrent protocol. The BitTorrent protocol extensions will be submitted for comment to the BitTorrent community BEP process - an informal but open standards-setting process' - and facilitated by BitTorrent Foundation, which has guided protocol enhancements for more than a decade. Following community feedback, we will develop and test our implementation of these extensions via engineering and release management practices which are well established at BitTorrent. Furthermore, as is our practice with highly important updates, we will subsequently release these extensions as an open source library and establish support and incentives for integration into third-party BitTorrent protocol implementations. #Bittorent #BTTC. #BTTCLOVERS #BitTorrentFamily #BitTorrentCommunity $BTTC
Generalized ( BTTC ) Services - Part 2 🧨🧨🧨

(3) A decentralized proxy service to enable service requesters to pay a service provider for retrieval of content by URL. This will be useful to highly mobile applications or those that seek to evade IP-level network controls. The service will be designed to allow content to be requested in chunks. This will, for example, allow clients with intermittent connectivity, such as mobile users relying on Wi-Fi, to reliably retrieve web resources without needing to maintain an open connection long enough to receive the complete contents.
As shown in Figure 3, the various enhancements to the BitTorrent protocol will serve as building blocks for distributed applications.

More BTTC services can be implemented and introduced into the service provider network as demand emerges from new BTTC applications. BitTorrent Inc. will provide a forum for discussion and standardization of new BTTC services similar to that provided for the BitTorrent protocol.
The BitTorrent protocol extensions will be submitted for comment to the BitTorrent community
BEP process - an informal but open standards-setting process' - and facilitated by BitTorrent Foundation, which has guided protocol enhancements for more than a decade. Following community feedback, we will develop and test our implementation of these extensions via engineering and release management practices which are well established at BitTorrent.
Furthermore, as is our practice with highly important updates, we will subsequently release these extensions as an open source library and establish support and incentives for integration into third-party BitTorrent protocol implementations.

#Bittorent #BTTC. #BTTCLOVERS #BitTorrentFamily #BitTorrentCommunity $BTTC
GENERALIZED ( BTTC ) SERVICES 🧨🧨🧨 Optimizing the existing BitTorrent protocol sets a precedent of allowing users to store value from sharing small amounts of infrastructure in order to spend that value later. It is an obvious first step in the introduction of a cryptographic token, but it is a small fraction of what is becoming possible. We are preparing to dramatically extend both the earning opportunities and the spending opportunities for users of BTTC -enabled BitTorrent clients. We are developing a range of generalized BTTC services, as well as preparing to open up the platform to third-party developers to allow use of the wallet and BTTC in their applications. After extensive discussions with partners interested in our platform, we have concluded that the following three basic BTTC services should be offered by BitTorrent: (1) A decentralized content delivery service to enable service requesters to advertise bids and pay BTTC for bandwidth to receive a particular piece of content. This service will be well-suited for mass distribution of content, especially in the presence of censors or other attackers. Service providers will be incentivized to serve content to as many people as possible, thus ensuring robust performance even with high numbers of service requesters. (2) A decentralized storage service to enable service requesters to pay for storage over time, and to download the stored data from service providers for a prearranged fee. Service providers will agree to store data and provide on-demand proofs-of-storage to the service requester. Service providers will naturally seek out content which offers the highest payment rate over time. This service will be useful for remote backup and sharing of private data among small groups. Waiting FOR GENERALIZED ( BTTC ) SERVICES PART - 2 . Coming Soon—— #BitTorrentChain #bttc #Web3 #BTTCLOVERS #BTTcReward $BTTC
GENERALIZED ( BTTC ) SERVICES 🧨🧨🧨

Optimizing the existing BitTorrent protocol sets a precedent of allowing users to store value from sharing small amounts of infrastructure in order to spend that value later. It is an obvious first step in the introduction of a cryptographic token, but it is a small fraction of what is becoming possible. We are preparing to dramatically extend both the earning opportunities and the spending opportunities for users of BTTC -enabled BitTorrent clients.

We are developing a range of generalized BTTC services, as well as preparing to open up the platform to third-party developers to allow use of the wallet and BTTC in their applications. After extensive discussions with partners interested in our platform, we have concluded that the following three basic BTTC services should be offered by BitTorrent:
(1) A decentralized content delivery service to enable service requesters to advertise bids and pay BTTC for bandwidth to receive a particular piece of content. This service will be well-suited for mass distribution of content, especially in the presence of censors or other attackers. Service providers will be incentivized to serve content to as many people as possible, thus ensuring robust performance even with high numbers of service requesters.
(2) A decentralized storage service to enable service requesters to pay for storage over time, and to download the stored data from service providers for a prearranged fee. Service providers will agree to store data and provide on-demand proofs-of-storage to the service requester. Service providers will naturally seek out content which offers the highest payment rate over time. This service will be useful for remote backup and sharing of private data among small groups.

Waiting FOR GENERALIZED ( BTTC ) SERVICES PART - 2 . Coming Soon——

#BitTorrentChain #bttc #Web3 #BTTCLOVERS #BTTcReward $BTTC
Now BTTC ON FIRE 🔥🔥🔥
Now BTTC ON FIRE 🔥🔥🔥
BitTorrent Web3 Storage
--
Alcista
BitTorrent (BTTC) Started Next UP Trend

See This Photo and analysis The market AND Enjoy NEXT UP trend. If any Questions asked me in Comment Box.

#MineBTTC #BitTorrent #bttc🤓 #BTTcReward
This is RIGHT Time ⏳ To BUY BitTorrent TOKEN ( BTTC) 🚀🚀🚀 See BitTorrent Token BTTC Market Chart List 1 month candel. Have a good look at the chart list and you decide, will you buy or sell BTTC tokens??? Share your opinion through the comment box. If you are thinking of buying tokens. So my suggestion would be, you earn maximum 7.7% tokens by lock earning. #BitTorrent #BitTorrentCommunity #BitTorrentChain #BitTorrentFamily #BTTcReward {spot}(BTTCUSDT)
This is RIGHT Time ⏳ To BUY BitTorrent TOKEN ( BTTC) 🚀🚀🚀

See BitTorrent Token BTTC Market Chart List 1 month candel.

Have a good look at the chart list and you decide, will you buy or sell BTTC tokens??? Share your opinion through the comment box. If you are thinking of buying tokens. So my suggestion would be, you earn maximum 7.7% tokens by lock earning.

#BitTorrent #BitTorrentCommunity #BitTorrentChain #BitTorrentFamily #BTTcReward
BTTC ON FIRE 🔥 HOLD YOUR BTTC IN Lock Earn 🔐 {spot}(BTTCUSDT)
BTTC ON FIRE 🔥

HOLD YOUR BTTC IN Lock Earn 🔐
Bidding Revisions and Frequency 🕯️🕯️🕯️ As the client may receive data for less than its maximum bid (and very frequently for free, as is currently the case in BitTorrent), the bid computed by dividing the remaining total spend by the remaining data will trend upward over time. The client can implement any heuristic it likes to determine when to send bid messages with a new bid value; it should not, however, send new bids more than once a minute. If the user changes the amount of BTTC bid, then the client should send the new bid immediately. #BitTorrentCommunity #BitTorrentChain #BitTorrentFamily #Btttc #bttc🤓
Bidding Revisions and Frequency 🕯️🕯️🕯️

As the client may receive data for less than its maximum bid (and very frequently for free, as is currently the case in BitTorrent), the bid computed by dividing the remaining total spend by the remaining data will trend upward over time. The client can implement any heuristic it likes to determine when to send bid messages with a new bid value; it should not, however, send new bids more than once a minute. If the user changes the amount of BTTC bid, then the client should send the new bid immediately.

#BitTorrentCommunity #BitTorrentChain #BitTorrentFamily #Btttc #bttc🤓
TOTAL VOTE RESULT BitTorrent TOKEN ( BTTC ) 🏆🏆🏆 In the poll taken on 26th July 2024, 71% people are holding BTTC tokens like me to get 0.50-1$ price and 29% people are not waiting for price increase. A total of 800 people voted. It is seen that most of the people are waiting for the price increase. Those who are waiting for price increase give importance to these issues. 1. Buy BTTC tokens regularly for 0.01$ and earn BTTC by holding with lock earnings. Those who don't have capital to invest, hold their current BTTCs by earning lock and earn BTTC tokens. If everyone starts holding BTTC tokens together, the price will only increase rapidly. 2. Refrain from selling BTTC tokens. Because the seller is active in the market by selling BTTC tokens, it is dumping BTTC tokens. 3. Everyone start writing daily about BTTC token in various online social media. Because many people don't know about BTTC token. The total supply of BTTC tokens has not been exhausted yet, the remaining tokens are being distributed to people through lock earning. Many people are mining Telegram Tap 2 Earn coins online, out of which they are actually getting paid from 1-2 projects. Inform them about BTTC token, it is market listed, its total supply is still over. BTTC tokens are being mined through lock earning. If the BTTC family, community, lovers do the above works, then the price of BTTC token will reach the moon very soon. Let's all show the strength of our BTTC community, families and lovers. #BitTorrent #BitTorrentCommunity #BitTorrentFamily #BitTorrentChain #BTTCLOVERS
TOTAL VOTE RESULT BitTorrent TOKEN ( BTTC ) 🏆🏆🏆

In the poll taken on 26th July 2024, 71% people are holding BTTC tokens like me to get 0.50-1$ price and 29% people are not waiting for price increase. A total of 800 people voted. It is seen that most of the people are waiting for the price increase. Those who are waiting for price increase give importance to these issues.

1. Buy BTTC tokens regularly for 0.01$ and earn BTTC by holding with lock earnings. Those who don't have capital to invest, hold their current BTTCs by earning lock and earn BTTC tokens. If everyone starts holding BTTC tokens together, the price will only increase rapidly.

2. Refrain from selling BTTC tokens. Because the seller is active in the market by selling BTTC tokens, it is dumping BTTC tokens.

3. Everyone start writing daily about BTTC token in various online social media. Because many people don't know about BTTC token. The total supply of BTTC tokens has not been exhausted yet, the remaining tokens are being distributed to people through lock earning. Many people are mining Telegram Tap 2 Earn coins online, out of which they are actually getting paid from 1-2 projects. Inform them about BTTC token, it is market listed, its total supply is still over. BTTC tokens are being mined through lock earning.

If the BTTC family, community, lovers do the above works, then the price of BTTC token will reach the moon very soon. Let's all show the strength of our BTTC community, families and lovers.

#BitTorrent #BitTorrentCommunity #BitTorrentFamily #BitTorrentChain #BTTCLOVERS
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
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
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
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
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 {spot}(BTTCUSDT)
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
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
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
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
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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