Justin Sun’s world-leading Peer-to-Peer protocol company, BitTorrent Inc, has in a recent announced that its popular torrent client software has surpassed 2 billion installations milestone of on Windows, Android, and Mac.
The San Francisco-based company which was acquired by millennial CEO Justin Sun in 2018 for around $140 million sees the achievement as an age-long popularity of its classic desktop torrent clients together with streaming age dedicated player and the new web-based torrent downloader.
BitTorrent Inc is known for offering two products; BitTorrent and µTorrent.
Nonetheless, the company in a bid to commemorate the milestone, is offering a 30% discount off on all its windows Pro products for a limited time. The TRON creator and BitTorrent CEO, Justin Sun, in a statement, declared that BitTorrent had help realize the dream of decentralized file transfer which has lingered for about two decades.
Sun reiterated that the BitTorrent network has impacted the world positively and has judiciously influenced peoples’ lives from across the globe; he also took time to celebrate everyone who had directly or indirectly participated in achieving the milestone.
Jubilation as BTFS Team Rewards Top Ten Outstanding Miners in its August 10 Competition
Also, the Largest P2P network in the world, BitTorrent, in a recent development took to twitter to announce to its 95.6K followers that the BTFS team has finally airdropped the mining rewards to the cryptocurrency wallets of the top ten winners that emerged in the August 10 BTFS Storage Space Mining Competition.
BTFS is a decentralized file system that offers peer-to-peer techniques, plus a content-addressable mechanism to share and store digital content. The BTFS team had on August 10, 2020, organized a mining competition where miners from across the globe are allowed to participate and showcase their mining skills.
However, out of the large number of miners that participated in the competition, ten were selected to have put up an outstanding performance and have been rewarded by the BTFS team, Medium.com can confirm.
According to statistics from the official BTFS team, on August 10, 25,000,000 BTT is distributed to 1,434 Host user nodes over 100 MiB according to the storage ratio and 5,000,000 BTT is equally distributed among 4,514 online user nodes over 7.2 points (out of 10 points).
According to Medium.com, 25,000,000 BTT was allotted to 1,434 Host users nodes, and 5,000,000 BTT was shared evenly between 4,514 online user nodes, both on August 10.
BitTorrent (BTT) to Develop Best DeFi Projects on TRON Blockchain
Earlier, NewsLogical reported that the BitTorrent network had sealed a strategic deal with Just DeFi in a bid to develop the best Decentralized Finance (DeFi) projects on TRON Blockchain.
The report revealed that the BitTorrent CEO had declared that the DeFi projects will have its collateral as JST and JUST yield farming, and JUST DeFi exchange and yield farming will go live this August.
The idea according to Sun is expected to widen the TRON’s decentralized finance ecosystem. Sun further revealed that the JUST swap will be launched on the 17th of August while the JUST Stablecoin (USDJ) and JUST (JST) yield farming will all go live on the 31st of August, 2020.
It is important to mention that even as the idea is yet to be fully expanded by Justin Sun, the concept once launched would likely give JUST about 2 billion users from BitTorrent. Nevertheless, more announcements as regards the concept are to be expected.
The respected crypto icon also mentioned that the TRON network would soon be launching its blockchain oracle in future dates and that he has been working with the TRON developers on JUST DeFi for some time.