BITTORRENT is known as the peer-to-peer file transfer protocol. Now they have been developed as a blockchain network that gives rewards for every user that seeding. There are illegal piracy activities on Bittorrent, however, the act doesn't represent BITTORRENT as the network only acts as a file transfer protocol only. We found that BITTORRENT's reward system, features, and whole ecosystem are neutral and Shariah Compliant.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal" | Passed |
| Project | The project provides a platform for users to download and upload content very fast by using other people's unused hardware resources. They offered decentralized web browser, cloud storage that in our sight is clear and neutral. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token is used for transaction fees and staking. | Passed |
| Staking Method | The staking method mechanism by this protocol complies with Shariah's rulings. Staking will be rewarded by transaction fees. | Passed |
Read the source document and verify project fundamentals.