JoyStream Allows Users to Sell Bandwidth for Bitcoin
The bitcoin-based BitTorrent client, JoyStream, has Alpha clients ready for download. Founded by Dr. Bedeho Mender, the service adds incentives to downloading and seeding torrent files. Mender’s creation adds micropayment support to a BitTorrent client that offers faster-streaming content by improving increased bandwidth and a reward-based....
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JoyStream is a new BitTorrent client that incentivizes users to make file-sharing both faster and monetarily rewarding. Bitcoin micropayments, enabled by JoyStream's built-in smart contracts, allow seeders to be paid as they contribute their bandwidth to the sharing of a given file. Founder and developer Dr. Bendeho Mender demonstrates here: Mender writes: “The brilliant insight of the BitTorrent system was to mobilize the idle upstream bandwidth of peers which had a mutual interest in acquiring the same content through barter tit-for-tat exchange. However, the problem of how to....
JoyStream, the world's first bitcoin-based BitTorrent client is set to have an alpha release for a limited amount of pre-signed users on the Bitcoin Testnet soon. Founded by Dr. Bedeho Mender, JoyStream attempts to improve the levels of bandwidth contribution and the lack of incentives for content providers known as seeders in the original BitTorrent client, by rewarding JoyStream's seeders with micropayments using multiway payment channels in bitcoin. Users who choose to download content in the JoyStream client are known as leechers, and are required to pay the seeders directly in....
Unused bandwidth and its accessibility are two problems that need addressing as the world becomes more connected. How is the decentralized bandwidth vision becoming a reality?Users will be able to tokenize their bandwidth and sell it in a decentralized trading marketplace to help provide low-cost access to the internet.PKT is the only layer-1 blockchain that is designed to support bandwidth trading marketplaces and high-speed internet service. PKT uses the world’s first bandwidth-hard proof-of-work (PoW) mining solution to create an economic incentive while building a high-speed data....
In order to encourage torrent seeding on its platform, a BitTorrent client called JoyStream is venturing into rewarding its users with bitcoin. For now, it is on alpha release for a limited time for users who have signed up on the Bitcoin Testnet. The company was founded by Dr. Bedeho Mender who sought to improve the levels of bandwidth contribution and the lack of incentives for content providers known as seeders in the original BitTorrent client. Micropayments to torrent seeders could be made using bitcoin. Bitcoin Payments for Torrents. This will require leechers or those who download....
There is a need to strengthen the Bitcoin ecosystem for mobile-only regions by lowering the bandwidth requirements for participating. The post Outlining The Future Of Low Bandwidth Bitcoin appeared first on Bitcoin Magazine.