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🤓

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 🔐

Good news for BTTC lovers 💡💸

Quickly check BTTC token's 1 day candlestick pattern, market is giving strong bullish signal. So, Buy BTTC Tokens Fast without Delay and Mining by Lock Earning BTTC Tokens.

#BTTCLOVERS #BTTcReward #Btttc #BTTC/USDT #BTTCtothemoon

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) 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.

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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

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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.

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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.

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BitTorrent Token (BTTC) TODAY Analysis 🔥💵

Check Today's 1 Day Candlestrick on BitTorrent Token BTTC. Looking at Candlestrick pattern, do you think today's market will go up or down, share your opinion in the comment box. My guess is that today's market will go up

#Bittorent #BitTorrentCommunity #BitTorrentChain #BTTCLOVERS #Btttc

TODAY BitTorrent MARKET ( BTTC ) Analysis 🔥🚀

My guess is that today BTTC market bulls will give Candlestrick of 1 day. And it can exceed 0.00000094. Tell me what you think in the comments.

#BitTorrentCommunity #BitTorrentChain #BitTorrentFamily #Bittorent #Btttc

Bidding User Interface of (BTTC) 🚀💰

By default, bidding will be automated. Users' clients will bid to and from their token balance on their behalf. We may enable user interface controls to allow users to toggle the feature, toggle it for certain torrents, adjust the spending rate, set a reserve price, or exercise granular control over the bidding process.

#Btttc #BTTcReward #BTTCLOVERS #bttc🤓

Service Discovery of BitTorrent (BTTC) 🪫

The BitTorrent Speed life cycle will begin when peers discover each other via existing BitTorrent protocol mechanisms.'

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☄️ BitTorrent Speed and (BTTC) Operations

Peers will be able to act as both "service requesters" and "service providers." A peer offering BTTC in exchange for other users' local resources will be a service requester, and a peer offering local resources in exchange for BTTC will be a service provider.

#Bittorent #BitTorrentCommunity #BitTorrentChain #BTTCLOVERS #BTTC:

According to BitTorrent's official Twitter, this last week 🗞️

🔎 According to BTFS SCAN, the total number of wallets created at BitTorrent Speed ​​is over 447M and the total number of TRON addresses is over 6.2M

🔎 According to BTFS SCAN, the total number of miners in BTFS has exceeded 8.4M

#BTTCLOVERS #BitTorrentChain #BitTorrentCommunity #Bittorent #Bittorent

Introduction to BitTorrent Speed™ (BTTC) part -2 🚀

To eliminate this problem, we are developing a new BitTorrent feature called BitTorrent Speed.
This feature is will enable peers to offer each other cryptographic token incentives to continue to seed files after the full download has completed.
To be clear, BitTorrent currently functions well. Nothing proposed in this optimization will alter the protocol's functionality, and users of the protocol will not experience an interruption in their usage. The addition is simply an overlay on top of the current protocol which will allow existing BitTorrent swarm participants to exchange tokens in return for ensuring the continued availability of a file for download.
BitTorrent Speed will be integrated into future participating BitTorrent and Torrent clients. It will add a new set of extensions to the BitTorrent protocol, enabling users to advertise their bids within a swarm and to trade BTT in exchange for continued prioritized access to seeds. The intended result is that peers will choose to seed for longer, leading to increased swarm longevity and faster download times for all swarm participants......

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Introduction to BitTorrent Speed™ 🚀 ( BTTC )

BitTorrent swarms suffer from structural inefficiencies which frequently lead to the premature deterioration or death of swarms. Due to upload/download speed asymmetry, files frequently complete downloading long before a peer has been able to upload an equivalent number of bytes. Once the downloading peer has the entire file, there is no economic incentive to continue to make the file available to other downloaders through seeding. That means users leave swarms without uploading as much data as they have downloaded, which results in BitTorrent swarms not lasting as long as they need to.

In some cases, it is possible for a swarm to enable the completion of a download even in the absence of a seed. This possibility is computed and displayed in some implementations as an "availability" metric," typically expressed as the number of distributed copies available. If there is at least one active non-seed peer holding each of the pieces, then the file is said to be
"available." Additionally, the BitTorrent protocol uses a design decision known as "rarest first," which dictates that a client should prioritize requesting to download the pieces that are held by the fewest peers in the swarm to which it has connected. This mechanism is intended to flatten the distribution of pieces to decrease the likelihood of a swarm losing a key peer or peers who are the sole providers of a required piece. While these two considerations mean that seeds are not strictly necessary to complete a download, research has shown that in approximately 86% of seedless cases, this sort of collective reconstruction is not feasible.'……. FOLLOW FOR THE NEXT PART

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Introduction to BitTorrent Speed™ part -2

Who like me is waiting for BTTC token price to be 0.50$ - 1$ . Please Drop your VOTE

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Good news for BTTC token miners 🧑🏻‍💻💵

The 90 days and 120 days locked earnings ended yesterday but today the BitTorrent network has re-opened the 30-120 days locked earnings. How many days you keep your BTTC Token Lock earns how much dividend you will get: 4.9% in 30 days 5.9% in 60 days 6.59% in 90 days 7.7% in 120 days So, mine all BTTC tokens you have by earning locked tokens

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