24 Dec 2024
Stories by BitTorrent Inc. on Medium
BitTorrent Weekly Report | 12.16–12.22
Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally.
Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide.
Since November 2018, TRON (TRX), Binance (BNB), and Bitcoin (BTC) holders have the opportunity to purchase one-year subscriptions of BitTorrent or µTorrent products, including Ads Free and Pro for Windows. Pro includes anti-virus and anti-malware screening, file converting and playability in HD. Users can visit bittorrent.com or utorrent.com to learn more.
24 Dec 2024 1:41am GMT
17 Dec 2024
Stories by BitTorrent Inc. on Medium
BitTorrent Weekly Report | 12.09–12.15
Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally.
Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide.
Since November 2018, TRON (TRX), Binance (BNB), and Bitcoin (BTC) holders have the opportunity to purchase one-year subscriptions of BitTorrent or µTorrent products, including Ads Free and Pro for Windows. Pro includes anti-virus and anti-malware screening, file converting and playability in HD. Users can visit bittorrent.com or utorrent.com to learn more.
17 Dec 2024 10:01am GMT
16 Dec 2024
Stories by BitTorrent Inc. on Medium
BTFS Protocol v3.2.0 Beta is Now Live!
Key Upgrades:
- BTIP-79: CIDs can now be filtered when you access them through the gateway.
- Resource Summary: A summary of resources used by the libp2p resource manager is now available.
- Modification Time: Files stored in MFS now feature a timestamp for their most recent edits.
We're always pushing the boundaries to make the BTFS protocol better, fueling the future of decentralized networks. If you have any questions or suggestions, feel free to contact us at any time.
Resources for BTFS v3.2.0 Beta:
● GitHub repo for BTFS v3.2.0 Beta: https://github.com/bittorrent/go-btfs/tree/release_3.2.0
● BTFS Dashboard repo: https://github.com/bittorrent/btfs-dashboard
● BTFS official website: https://www.btfs.io
● BTFS SCAN: https://www.btfs.io
● BTFS documentation: https://docs.btfs.io/v3.2.0
Contact Us
Have any questions or want to engage with fellow BTFS users? Connect with us and be part of the community:
● Discord: https://discord.gg/VmMjp2gvAB
● Medium: https://medium.com/@BitTorrent
● X (formerly Twitter): https://twitter.com/BitTorrent
About BTFS
The BitTorrent File System (BTFS) is both a protocol and a web application that provides a content-addressable peer-to-peer mechanism for storing and sharing digital content in a decentralized file system, as well as a base platform for decentralized applications (Dapp). The BTFS team has been working on the latest network operations and BTT market sentiment, etc., to make a series of dynamic adjustments such as upload prices and airdrop reward schemes.
16 Dec 2024 8:23am GMT
10 Dec 2024
Stories by BitTorrent Inc. on Medium
BitTorrent Weekly Report | 12.02–12.08
Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally.
Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide.
Since November 2018, TRON (TRX), Binance (BNB), and Bitcoin (BTC) holders have the opportunity to purchase one-year subscriptions of BitTorrent or µTorrent products, including Ads Free and Pro for Windows. Pro includes anti-virus and anti-malware screening, file converting and playability in HD. Users can visit bittorrent.com or utorrent.com to learn more.
10 Dec 2024 9:54am GMT
03 Dec 2024
Stories by BitTorrent Inc. on Medium
BitTorrent Weekly Report | 11.25–12.01
Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally.
Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide.
Since November 2018, TRON (TRX), Binance (BNB), and Bitcoin (BTC) holders have the opportunity to purchase one-year subscriptions of BitTorrent or µTorrent products, including Ads Free and Pro for Windows. Pro includes anti-virus and anti-malware screening, file converting and playability in HD. Users can visit bittorrent.com or utorrent.com to learn more.
03 Dec 2024 10:42am GMT
29 Nov 2024
Stories by BitTorrent Inc. on Medium
How to Transfer Site Ownership via Storage3
#BTT #BTFS#Storage3 #Storage #Decentralization#Depin
Storage3 is a free storage application built on the decentralized storage protocol BTFS. Through Storage 3, you can host your websites, applications, apps, and other services on BTFS with ease, even if you have no technical background. To explore efficient decentralized storage at no cost, please visit Storage3.
1. Background
Developers and enterprises may find themselves needing to transfer website ownership for a variety of reasons. These can include business reorganization, company acquisitions, changes in team or department personnel, contractor service handovers, or simply optimizing permission management. To facilitate consistent and secure management of decentralized sites, we introduced the site ownership transfer feature in Storage3 v1.8.0.
2. Operational Guide
To transfer ownership of a site to a new address, please navigate to "Settings" and select "Transfer Site." Users need to sign to confirm the action. The recipient must be a TRON or BTTC address that has logged into Storage 3.
The recipient must sign to confirm the transfer within 24 hours. If the process times out or the recipient declines, the transfer will be invalid. However, users can initiate new transfer attempts at any time.
Once the website transfer is successful, the recipient needs to reconnect the relevant GitHub repository by navigating to "Settings" > "Modify" to update the website content and redeploy it.
All transfer activity records can be viewed on CheckSite.
By following these steps, developers and businesses can effortlessly transfer sites on Storage3, achieving efficient permission management and data migration.
Workflow for Site Transfer on Storage3
For more details, view the technical documentation for Storage3 here: Storage3 Technical Documentation
3. Join the BTFS Community
Distributed sites offer the following advantages over centralized ones:
1. Better Availability: By distributing data across various nodes around the world, the sites maintain high availability and stability, even in the event of a single node failure.
2. Superior Data Security: BTFS utilizes encryption and distributed storage technologies to ensure your data is secure.
3. Higher Censorship Resistance: The distributed architecture bolsters the free flow of data and enhances resistance to censorship.
If you're a developer looking to deploy your website on the BTFS network via Storage3, we're more than happy to provide technical support and connect you with community resources.
Technical Documentation: https://docs.btfs.io/docs/btfs-overview
Medium: https://medium.com/@BitTorrent
Discord: https://discord.gg/VmMjp2gvAB
About BTFS
The BitTorrent File System (BTFS) is both a protocol and a web application that provides a content-addressable peer-to-peer mechanism for storing and sharing digital content in a decentralized file system, as well as a base platform for decentralized applications (Dapp). The BTFS team has been working on the latest network operations and BTT market sentiment, etc., to make a series of dynamic adjustments such as upload prices and airdrop reward schemes.
29 Nov 2024 4:22am GMT
BitTorrent Token (BTT) Circulation & Allocation
BitTorrent Token (BTT), the centerpiece of the BitTorrent Chain (BTTC) ecosystem, plays an instrumental role in facilitating cross-chain interoperability and decentralized applications (DApps). From BTT's circulation and total supply to its distribution and future release schedules, this comprehensive update aims to provide our ecosystem partners and community with all the insights they need to stay ahead.
Circulation
● Total Supply: 990,000,000,000,000 BTT
● Circulating Supply (as of December 2024): 968,246,428,571,428 BTT
● Unreleased Supply: 21,753,571,429,000 BTT
With over 97.8% of BTT's supply in circulation by December 2024, the token secures ample liquidity within the BTTC ecosystem.
Distribution Breakdown
To ensure the BTTC ecosystem remains robust and sustainable, BTT is distributed across the following key categories:
By distributing BTT across these categories, we aim to boost ecosystem growth, encourage adoption, and reward community contributors.
Release Schedule (2025-2029):
The remaining supply of BTT will be gradually released over the next five years to ensure market stability and predictability.
The phased release plan safeguards BTT's stability while driving sustainable long-term growth for the ecosystem.
Key Use Cases
As the cornerstone of the BTTC ecosystem, BTT showcases its versatility across multiple domains:
● Cross-Chain Transactions: Facilitates seamless asset transfers and interoperability across TRON, Ethereum, and BSC networks.
● Staking and Validation: Underpins the Proof-of-Stake (PoS) consensus mechanism of the BTTC network.
● Ecosystem Incentives: Fuels sustainable growth by rewarding DApp developers, ecosystem partners, and community contributors.
● Gas Fee Payments: Offers cost-effective and efficient on-chain transactions.
Commitment to Transparency and Community
Transparency has always been at the heart of the BTT project. With the updated release schedule and distribution details, we're committed to keeping our community informed as we believe that transparency is essential for fostering trust and achieving our long-term vision.
Connect with Us
Stay updated on the latest BTT developments and join the thriving BTTC ecosystem:
● Visit our official website
● Join discussions on our forum
● Follow us on Twitter
● Join our Telegram group
With stable and transparent tokenomics, BTT is on track to become a leading digital asset for cross-chain interoperability and DApps.
29 Nov 2024 2:32am GMT
BTTC Business Plan and Roadmap
I. Project Overview
BTTC is an Ethereum Virtual Machine (EVM) compatible proof-of-stake Layer 2 network, designed to tackle existing scalability and interoperability challenges.
II. Business Plan
1. Decentralization and Node Network Optimization
- Objective: Enhance the network's level of decentralization to improve stability and reliability.
- Strategies:
- Incentivize Node Participation: Offer attractive incentives to encourage individuals, businesses, and institutions worldwide to join the BTTC network.
- Advanced Node Architecture: Continuously refine the network architecture by implementing sophisticated topology designs to ensure efficient information transmission and seamless synchronization among nodes.
- Enhanced Synchronization Algorithms: Develop and deploy new algorithms that increase synchronization efficiency between nodes and minimize delays, maintaining data consistency and timeliness.
- Regular Node Maintenance: Continuously update and maintain the network's node list to ensure accurate and comprehensive node information. This facilitates easier discovery and connectivity among nodes.
2. User Experience Enhancement
- Objective: Accelerate transaction confirmations to provide users with a faster and smoother trading experience.
- Strategies:
- Optimize Cross-Chain Transactions: Streamline cross-chain transaction pathways to reduce the time required for block confirmations during cross-chain transfers through BTTC.
- Reduce Confirmation Requirements: Decrease the number of confirmation blocks needed on the BTTC chain to speed up transaction processing.
- Real-Time Transaction Monitoring: Implement a real-time monitoring system to oversee the entire transaction flow. This system will promptly identify and resolve potential delays or failures, ensuring transactions are completed efficiently.
- Automate Asset Transfers with Relayers: Deploy the Relayer service - a core component for asset transfers and information transmission - to automate asset transfers from BTTC to other chains, simplifying cross-chain operations for users.
- Optimize Transaction Paths with Smart Algorithms: Aggregate cross-chain DApps and DEXs, utilizing smart algorithms to identify the most efficient transaction paths. This simplifies user actions and enhances transaction efficiency and cost-effectiveness, fostering interoperability and growth within the DeFi ecosystem.
3. Node Operation Improvement
- Objective: Streamline operational processes for nodes, reduce entry barriers for node operation, and enhance node stability and user-friendliness.
- Strategies:
- Create a Single-Process Startup Mode: Simplify the complex node startup process. This user-friendly approach minimizes the steps needed to launch nodes, reducing the chances of operational errors and improving overall performance.
- Provide Documentation and Technical Support for Node Operation: Offer online tutorials, FAQs, and customer service to help node operators resolve issues, ensuring stable node performance.
4. Enhanced Security
- Objective: Establish a multi-tiered and comprehensive security system to safeguard network integrity and user assets.
- Strategies:
- Assemble a Team of Security Experts: Perform regular, thorough security reviews of the BTTC network, including code audits, network architecture assessments, and smart contract vulnerability checks to pinpoint and address potential risks.
- Explore and Implement Zero-Knowledge Proof Virtual Machine (zkEVM) Technology: Utilize encryption and privacy protection mechanisms to prevent data leaks and malicious attacks, therefore bolstering transaction security and privacy.
5. Ecosystem Expansion
- Objective: Boost the ecosystem's vitality and appeal by diversifying its range of digital assets and broadening its use cases.
- Strategies:
- Collaborate with High-Quality Projects and Token Issuers: Introduce innovative and valuable tokens into the BTTC ecosystem, providing users with diverse investment and trading options.
- Explore New Areas: Actively explore emerging areas such as DeFi, NFTs, supply chain finance, and gaming. By forging partnerships and offering technical support and development tools, we aim to foster an environment that encourages developers to build applications within the BTTC ecosystem.
6. Performance Elevation
- Objective: Boost the transaction processing speed and network throughput to meet growing demands.
- Strategies:
- Develop and Implement Parallelized EVMs: This will increase the efficiency of smart contract execution by enabling concurrent transaction processing, thus boosting the network's processing capacity.
- Boost Cross-Chain Throughput and Speed: Focus on enhancing the BTTC network's throughput and speed of cross-chain transactions.
7. Vision of Connecting All Chains
- Objective: Establish connections with multiple blockchain networks to build an interconnected global blockchain ecosystem.
- Strategies:
- Create Universal Standards and Protocols for Cross-chain Interactions: Collaborate with leading blockchain projects to advance cross-chain technologies, reducing technical hurdles and costs.
- Invest in R&D for Cross-Chain Bridges and Interfaces: Develop cross-chain bridges and interfaces compatible with diverse blockchains to enhance connectivity, facilitate seamless cross-chain transactions, and promote value exchange within the blockchain system.
Ⅲ. Roadmap
Short-Term (1-6 Months)
- Decentralization and Node Network Optimization:
- Launch a node reward program to attract the first 100 new nodes to our network.
- Complete the initial update of the network node list to ensure information accuracy.
2. User Experience Enhancement:
- Finalize the preliminary design for optimizing cross-chain transaction pathways and conduct simulation tests in the testing environment.
- Establish a foundational framework for a transaction pathway monitoring system to capture real-time data from key transaction stages.
3. Node Operation Improvement:
- Complete the development of the prototype for the single-process startup feature and conduct internal stability tests.
- Publish the first version of node operation documentation, which will cover a basic guide for operation and FAQs.
4. Security Enhancement:
- The security review team will conduct a preliminary assessment of the current network code and architecture and provide a list of potential security threats.
- Formulate a comprehensive plan to start the verification of the zkEVM technology.
5. Ecosystem Expansion:
- Reach out to multiple token issuers to confirm their interest and establish an initial plan for collaboration.
- Release a whitepaper outlining the vision and strategy for ecosystem growth, targeting both the community and the industry stakeholders.
6. Performance Elevation:
- Initiate the R&D for parallelized EVMs, assemble a tech-focused team, and create a detailed roadmap.
Mid-Term (6-12 Months)
- Decentralization and Node Network Optimization:
- Implement the first upgrade to the node network architecture and adjust the network topology based on actual operating data to enhance stability.
- Optimize the node synchronization algorithm to boost efficiency by 20% and realize automatic updates and maintenance of the node list.
2. User Experience Enhancement:
- Improve the cross-chain transaction process on the Mainnet. This is to reduce the confirmation time for transactions from BSC to BTTC and accelerate the block confirmation on BTTC.
- Improve the monitoring system by implementing smart alerts and automatic troubleshooting throughout the entire transaction process.
- Add the Refuel feature to address users' shortage of native gas tokens on target chains during cross-chain transactions.
3. Node Operation Improvement:
- Release the single-process startup feature and gather user feedback to make further enhancements, targeting a satisfaction rate of over 80%.
- Organize both virtual and in-person training sessions for node operators, offering them opportunities to learn and exchange ideas.
4. Security Enhancement:
- Perform thorough security reviews to address all known funding and consensus security vulnerabilities, and establish a mechanism for tracking and remediating vulnerabilities.
- Complete the proof of concept (PoC) development for the zkEVM technology and continue testing its feasibility and security in the testing environment.
- Announce a bug bounty program to reward participants who report bugs to the BTTC team.
5. Ecosystem Expansion:
- Integrate over 50 new tokens into the BTTC ecosystem and set up a standardized process of token review and listing.
- Begin incubating at least 10 ecosystem application projects, including one DeFi application and one NFT platform, and provide technical support and funding for developers.
6. Performance Elevation:
- Complete preliminary tests of parallelized EVMs in the testing environment, aiming to double the transaction processing speed.
Long-term (Over 12 Months)
- Decentralization and Node Network Optimization:
- Expand Node Network: Continue to grow the number of nodes at a steady pace through optimized incentive schemes, aiming for over 5,000 active nodes worldwide to establish an industry-leading decentralized network.
- Network Architecture Upgrades: Periodically optimize and upgrade the network architecture to adapt to new technological developments and business needs; refine the network topology and data transmission protocols to ensure stable and efficient operations.
- Third-Party Validators: Accept third-party validators as Relayers while introducing new reward and discipline mechanisms.
2. User Experience Enhancement:
- Transaction Efficiency: Leverage technological innovations and process improvements to fine-tune cross-chain transaction paths, reducing transaction confirmation times to under 2 minutes and lowering transaction fees for more affordable transactions.
- User-Centric Optimizations: Enhance the user experience based on feedback and market demands across various dimensions, including mobile apps and customized user interfaces, to provide comprehensive and tailored premium services.
3. Node Operation Improvement:
- Community Building: Establish a node operation community to promote engagement and collaboration among node operators, encouraging technological innovations and optimizations.
- Automated DevOps Tools: Develop automated DevOps tools to handle node upgrades, bug fixes, and performance optimizations, thereby reducing operational costs and lowering entry barriers.
4. Security Enhancement:
- Regular Security Reviews: Implement a system for regular security reviews, conducting comprehensive assessments and vulnerability scans on the network to identify and mitigate potential threats, achieving industry-leading security protection.
- Advanced Security Technologies: Research and apply emerging security technologies, such as quantum cryptography, to provide long-term and sustainable protection for the network's operations.
5. Ecosystem Expansion:
- Cross-Chain Integration: Establish connections with over 100 blockchain projects to create an extensive, interconnected ecosystem, facilitating value circulation and resource sharing.
- Application Development: Support the development of impactful global applications across various sectors, including finance, entertainment, social networking, and IoT, positioning BTTC as a critical platform for blockchain innovations.
6. Performance Elevation:
- Infrastructure Upgrades: Enhance infrastructure by deploying full-scale parallelized EVMs on the Mainnet, significantly improving transaction processing speed and throughput to support large-scale commercial applications worldwide.
Through our business plan and roadmap, we aim to build a high-efficiency, secure, open, and interconnected blockchain network that provides premium services and innovative platforms for global users and developers, driving widespread adoption and deep development of blockchain technology in various fields.
29 Nov 2024 2:21am GMT
26 Nov 2024
Stories by BitTorrent Inc. on Medium
BitTorrent Weekly Report | 11.18–11.24
Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally.
Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide.
Since November 2018, TRON (TRX), Binance (BNB), and Bitcoin (BTC) holders have the opportunity to purchase one-year subscriptions of BitTorrent or µTorrent products, including Ads Free and Pro for Windows. Pro includes anti-virus and anti-malware screening, file converting and playability in HD. Users can visit bittorrent.com or utorrent.com to learn more.
26 Nov 2024 6:54am GMT
19 Nov 2024
Stories by BitTorrent Inc. on Medium
BitTorrent Weekly Report | 11.11–11.17
Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally.
Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide.
Since November 2018, TRON (TRX), Binance (BNB), and Bitcoin (BTC) holders have the opportunity to purchase one-year subscriptions of BitTorrent or µTorrent products, including Ads Free and Pro for Windows. Pro includes anti-virus and anti-malware screening, file converting and playability in HD. Users can visit bittorrent.com or utorrent.com to learn more.
19 Nov 2024 10:20am GMT