COINS
vTorrent Sees Gains on Promise of New Upgrade

2018-02-06 17:19:58
by Saffron Weale
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BNEWS: OR2 : vTorrent Sees Gains on Promise of New Upgrade

vTorrent, a combination of BitTorrent technology and cryptocurrency, recently invited volunteers to test its new upgrade. Having completed testing, the new v0.8.2.1 release is expected shortly. The company\'s VTR coin has responded with positive gains in the cryptocurrency market, inching up market cap rankings on February 6th to #485. 

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vTorrent on its website describes itself as \"the natural evolution from uTorrent.\" It has the same functionality, but instead of freely distributed content (the raison d\'être of BitTorrent), vTorrent will use its VTR native token to instigate paid seeding. They claim that this will encourage more users to share content, and provide a means of rewarding content creators.

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San Francisco-based BitTorrent has been a world leader in torrent technology since its inception in 2001, with an estimated 40% of all global torrent traffic using their protocols. BitTorrent, however, is financed by advertising, and vTorrent hopes to eliminate that irritation by the tokenisation of its platform. Launched with a December 2017 ICO, the VTR token is already approaching a value of $0.50.

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Content on vTorrent\'s distributed ledger can be shared freely between peers, private communication groups can be enabled, and there is no threat of censorship from a centralised controller. No upfront payments or revenues are demanded by an intermediary, and there are no delays in payment for creators.

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