Web3Torrent Incentivizes Torrent Seeding With Ethereum Micropayments

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Innovation is crucial in the blockchain world. Web3Torrent is one of the more interesting new ventures to come to market. It is a browser-based torrenting client with plenty of unique aspects. 

Web3Torrent Tackles an important Aspect

  • Torrenting has received a very negative reputation due to its association with pirated content.
  • At its core, this technology can be used to transfer any file in a peer-to-peer manner.
  • Bringing this latter concept to the mainstream is posing challenges, but Web3Torrent aims to change the narrative. 
  • Through this browser-based torrenting client, users can experiment with incentivized peer-to-peer file sharing
  • All of this is made possible through the use of micropayments.
  • Powering these micropayments are state channels on the Ethereum blockchain.
  • State channels are a layer-two scaling technique for Ethereum, removing any concerns regarding Ethereum network congestion.
  • Achieving trustless, instant, and zero-fee transactions among users is incredibly beneficial to this new approach.
  • Seeding uploaded files will allow users to begin earning small amounts of money from anyone downloading the content.
  • For now, Web3Torrent is on the testnet and still in beta. 
  • Solving the lack of incentivization for torrenting has been challenging, as there is no real reason for anyone to keep seeding files.

The post Web3Torrent Incentivizes Torrent Seeding With Ethereum Micropayments appeared first on CryptoMode.

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