Project Overview đ
To execute on the synthesization of these insights, we will create a platform for building elements of the decentralized web, enabling app developers to directly reward consumers who provide its underlying resources and enabling consumers to use this "found value" to transact with publishers and app developers without fiat currency.
In order to implement a distributed infrastructure services economy, we will extend the BitTorrent protocol and introduce a new token, BTT. Within the BTT economy, end users may offer infrastructure services in small increments in return for tokens. A blockchain solution will provide a store of value and medium of exchange that will scale to meet expected demand.
We will accelerate introduction of the platform by eliminating current BitTorrent protocol inefficiencies with the launch of BitTorrent Speed. This will provide a strong attraction for the foundational technology as well as broad familiarity of the existence, user experience and economics of the token. The introduction of Speed will also prove the effectiveness of using blockchain-based rewards for the provision of infrastructure services in small increments across a large installed base.
In parallel, we will work with third-party developers to create and promote APls and a marketplace for distributed infrastructure services based broadly on networking and storage primitives, which are underpinnings of the existing BitTorrent technology. We will also work with third-party publishers and app developers beyond the existing BitTorrent ecosystem on services which consumers may spend their tokens onâŠâŠ.waiting for Project Overview part 2