What is BitTorrent (BTT) ?

BitTorrent Official Logo
BitTorrent Official Logo

BitTorrent, which pioneered peer-to-peer technology for sharing files on the internet, is creating its own cryptocurrency. It provides users with a way to spend and earn crypto while sharing files. Under the existing system, users need to put a file on the system in order to download something. BTT is a TRC-10 utility token based on the blockchain that powers features of the most popular decentralized protocols and applications in the world. DApps powered by BTT include BitTorrent Speed, BitTorrent File System, DLive, and others in the pipeline. With BTT, users can pay someone with the file to send it to them and they can pay for more bandwidth, so it downloads faster. With the prospect of payment, file hosts have an incentive to keep more files available to the network, making it more likely that a given user will be able to download something they want more quickly. BTT will be available to non-U.S. accounts through Binance Launchpad, a listing service for entrepreneurs looking to raise funding via token sales. The token will work first through the Windows-based µTorrent Classic client, which has the most users on it.

Original author – Justin Sun
Initial release
 – 2019
Development status – Active
Website –  bittorrent.com

Leave a comment

Your email address will not be published. Required fields are marked *