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BitTorrent Web3 Storage
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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
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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
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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).
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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
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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
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