Durabit: A Bitcoin-native Incentive Mechanism for Data Distribution

someguy
someguy@durabit.org
www.durabit.org

4de67a207019fd4d855ef0a188b4519c7040281c9c121fc28574b0bd58bd3927
hash@durabit.org
www.durabit.org



Abstract. Bitcoin can be used to create long term incentive structures for the continual seeding of large files via the use of bitcoin bonds and timestamping torrent magnet links. Durabit introduces the concept of time-locked bitcoin transactions forming a bond that rewards users for their active participation in the seeding of specific files, all while ensuring immutable data verification through cryptographic hashes. Durabit aims to incentivize both the initial data distribution and offset the associated long term operational costs of seeding files.