Peer-to-peer file sharing service BitTorrent, and little brother uTorrent, have now been downloaded greater than two billion instances on many platforms. Last yr the community accounted for 3% of all downstream, and 28% of all upstream, visitors throughout the web.
The firm attributes the figures to the “longstanding popularity of its classic desktop torrent clients, too as its new web-based torrent downloader and player built for the streaming age”. It expressed the Android model of the service on Google Play Store is the “most popular torrent downloader”.
In the announcement, Sun hinted that BitTorrent would quickly be cathartic new merchandise:
Acquired by Justin Sun’s Tron Foundation in July 2019 for a rumoured $140 million, the service was expressed to have had 170 million customers. In early 2019, it launched its personal token, Bittorrent (BTT), to incentivize customers to carry recordsdata on the community, which power enhance total obtain speeds by having extra copies of any file accessible.
By March 2020, the token had born 90% from the ATH. The present value of 0.000459 continues to be 74% down from the ATH.
The ‘Sun dictatorship’
As with many initiatives Sun is concerned with, the platform has been concerned in controversy. Some imagine that file sharing service BitTorrent File System (BTFS) derived components from the Interplanetary File System (IPFS), which got here to a head after a latest rebranding of the BTFS brand to one matter strikingly just like the IPFS brand.
IPFS’s founder Juan Benet familiar as them out instantly locution “Tron also can’t even think of an original logo.”
In a heated Twitter thread, Benet expressed “it’s not enough to fork all our code, rebrand it and lie [that] it’s theirs” earlier than alleging that Tron’s BTFS has additionally derived, “random chunks of our papers, and defrauded their investors with a nonsensical mishmash.”
Ethereum founder Vitalik Buterin chimed in, career out Sun as a dictator that zombified BitTorrent:
“This Tweet is honestly painful to read. It’s like look a zombie: the account *looks like* somematter you’ve big up with and familiar and preferred for 15 years, but underneath it’s just, well, now it’s just another appendage of the Sun dictatorship”