TRON and BitTorrent have announced an approximate release date for their highly anticipated BitTorrent Speed file-sharing software. Previously known as Project Atlas, the tool promises to improve download speed through token incentives. On Thursday, January 17, BitTorrent announced that the software will be available by the summer, suggesting that a long wait is over.
Today we introduce BitTorrent Speed, a new software that connects and rewards users with BitTorrent $ BTT Gambling Brands Read more about it in our blog. # niTROn2019 https://t.co/9NLuJzMtTr pic.twitter.com/S7r4pUUJzw
– BitTorrent Inc. (@BitTorrent) January 17, 2019
Upfiring Fires Up
Apart from the news of a summer version, the announcement of BitTorrent contains almost no new information. The upcoming release date of the project, however, has led at least one competition service to improve its game. This project is called Upfiring and has evolved over the past year as a file-sharing dApp in the Ethereum Blockchain.
In an announcement that coincided with the release date of BitTorrent, Upfiring said his own app was now usable and BitTorrent was defeated for several months. As of Thursday, Upfiring has launched its open beta version so that the app can now be used by the public.
The release of the blockchain file share Dapp is in the open beta version: https://t.co/uJYnrVw1G2
– Upfiring (@UpfiringHQ) January 17, 2019
Upfiring's balancing model promotes seeding in a slightly different way. Unlike BitTorrent Speed, Upfiring does not give a bandwidth incentive. Instead, users must issue tokens to decrypt the downloaded files. Tokens issued for decryption are forwarded directly to the setters.
This is not as much of an obstacle as it may seem: users can first earn tokens by sowing files without decrypting them. The compelling use of tokens by the app, however, leads to a significant In contrast, BitTorrent Speed will make the use of tokens completely optional, an approach that is likely to be more popular.
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Can smaller projects compete?
To gauge the success of a project, market data is usually used as a measure, and Upfiring's UFR token is incredibly small. UFR's total supply of coins amounts to $ 1.3 million, making it one of the top 600 coins in terms of market capitalization. This is not a particularly notable achievement, but with some potential.
Although the market data for BitTorrent's BTT tokens will be available only from the beginning of January, BTT will undoubtedly outnumber UFR. TRON acquired BitTorrent for $ 126 million, which is intended to give an idea of the size of BitTorrent Speed.
However, a coin does not have to be worth much to be useful on its own native platform, and usage rates can increase despite the small market capitalization of a coin. It is possible that Upfiring can indirectly benefit from BitTorrent's publicity, especially when impatient crypto users demand file-sharing capabilities.
Contribution Source: BitTorrent and Upfiring compete in the file-sharing race
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