CEO Founder and CEO of TRON & BitTorrent
Existing BitTorrent clients will implement an optional set of backward-compatible protocol extensions which allow them to bid and receive bids for their bandwidth, working in tandem with a cryptocurrency wallet and bidding engine.
The project plans to utilize the BTT in more utility cases beyond the current sharing of bandwidth, to more general storage, computation, and resource availability, such as a distributed VPN (virtual private network) or content delivery network (CDN).
The token will be used at first by BitTorrent clients to bid for and earn in exchange for allocation of upstream bandwidth. It will later be used for capabilities including purchasing content, tipping live streaming performers, and crowdfunding the creation of new works.