BitTorrent, the largest decentralized P2P communications protocol has added BTTC Governance on its platform which allows users to participate in its ecosystem’s governance.
📢”Governance” section is now added to #BitTorrent Chain
BTTC Governance is a decentralized autonomous organization dedicated to building a user-led, more inclusive and collaborative ecosystem. Users can participate in governance by holding #BTT tokens.https://t.co/M40K3jO7YB pic.twitter.com/owswK5pbhO
— BitTorrent Inc. (@BitTorrent) November 24, 2022
The BTTC Governance would allow users to have a chance in shaping the BTTC ecosystem’s future by simply sharing their ideas, feedback, and suggestions.
What is BTTC Governance?
As mentioned in their recent Tweet:
BTTC Governance is a decentralized autonomous organization dedicated to building a user-led, more inclusive, and collaborative ecosystem.
The BTTC governance allows users to share their ideas and feedback with the community through the BTTC forum and to participate, they would only need to hold BTT tokens on their accounts.
Lastly, the governance welcomes tokens from other blockchains to be migrated to the BTTC through token mapping and it encourages everyone to contribute different BTTC codes and docs.
What is BitTorrent?
BitTorrent is based in San Francisco and was founded on September 22, 2004, by Bram Cohen and Ashwin Navin. It is the largest decentralized P2P communications protocol for distributing data and large files over the Internet.
— BitTorrent Inc. (@BitTorrent) November 23, 2022
In 2018, BitTorrent was acquired by TRON Foundation and continued to provide support for their BitTorrent and uTorrent clients.
Last year, BitTorrent announced that they are launching the first scalable heterogeneous cross-chain interoperability protocol called BitTorrent Chain and this has resulted in the BTT redenomination plan that led to the creation of the BTTC which was the new native token of the BitTorrent platform.
The BTT redenomination plan redenominated old BTT with a swapping ratio of 1:1000.
For more news and updates, see Tron Spark.