The P2P file sharing service, BitTorrent, and its little brother Crypto Investor, have been downloaded more than two billion times on various platforms. Last year the network accounted for 3% of all downstream traffic, and 28% of upstream traffic over the Internet.
The company attributes the figures to the “longstanding popularity of its classic desktop torrent services, as well as its new web-based downloader and torrent player, built for the streaming era. It said the Android version of the service on Google Play Store is the “most popular torrent downloader.
BitTorrent adds Binance USD (BUSD) as a payment method
In the announcement, Sun hinted that BitTorrent would soon launch new products:
“We hope to accomplish our mission of improving the protocol and introducing new use cases, such as decentralized file storage and live streaming products.
Acquired by Justin Sun’s Tron Foundation in July 2018 for $140 million, the service is said to have had 170 million users. In early 2019, it launched its own token, Bittorrent (BTT), to encourage users to keep files on the network, which would increase overall download speeds by having more copies of any file available.
By March 2020, the token had dropped 90% of ATH. The current price of 0,000459 is still 74% lower than ATH.
Vitalik Buterin of Ethereum writes about a “zombie” BitTorrent under Justin Sun’s “dictatorship
The “Sun Dictatorship”
As with many projects Sun is involved in, the platform has been the subject of controversy. Some believe that the BitTorrent File System (BTFS) file sharing service copied elements of the Interplanetary File System (IPFS), which came to a head after a recent re-branding of the BTFS logo to something strikingly similar to the IPFS logo.
The ‘Sun dictatorship
New Tron partnership allows players to earn crypto for streaming
IPFS founder John Benet called them immediately saying “Tron couldn’t think of an original logo either”.
In a heated Twitter thread, Benet said that “it’s not enough to fork over all our code, rename it and lie about it” before claiming that Tron’s BTFS also copied, “random pieces of our paper, and defrauded its investors with a meaningless mix.
Ethereum founder Vitalik Buterin intervened, calling Sun a dictator who zombied BitTorrent:
“This tweet is honestly painful to read. It’s like looking at a zombie: the account *looks* like something you’ve grown up with and known and loved for 15 years, but underneath it’s just, well, now it’s just another appendage of Sun’s dictatorship”