Topic: [2018-03-17] Bittorrent Client Joystream Aims to Go Live on Bitcoin Cash Mainnet (Read 96 times)

Joystream Plans to Go Live on Bitcoin Cash Mainnet in Days
JoystreamBittorrent Client Joystream Aims to Go Live on Bitcoin Cash Mainnet is a Bittorrent application that offers rewards for downloading and seeding torrent files. The startup was founded by Dr. Bedeho Mender, and the development team first launched its alpha clients back 2015. The original Bittorrent software enables peer-to-peer file sharing, but Joystream hopes micropayment incentives for sharing files and bandwidth can help create a more robust torrenting atmosphere. Dr. Mender told news.Bitcoin.com back in 2015 that for cryptocurrencies like bitcoin to have value they should be distributed widely.     

“For transferable proof of work tokens to have value, they must have monetary value — To have monetary value, they must be transferred within a very large network,” the founder of Joystream explained.

Now the company has revealed it is integrating with the Bitcoin Cash mainnet shortly. Joystream says when the very first version was designed back in 2014, the cryptocurrency environment operated a whole lot different. For instance, the application relied on low-value payments and faster confirmation times. The team explains that even though there’s been some improvement with Segwit and UTXO batching it is still hard to rely on the BTC chain.

“The Bitcoin blockchain no longer reliably operates within reasonable bounds of our initial assumptions,” explains Joystream. 

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