BitTorrent (BTT)
BitTorrent Token (BTT) is a cryptocurrency developed to enhance the capabilities of the widely-used BitTorrent protocol. Initially conceived by Bram Cohen, BitTorrent revolutionized the way files are shared globally by utilizing a peer-to-peer (P2P) network. Building on this foundation, BTT aims to introduce economic incentives for users to participate in the network, improving the efficiency of file sharing through the TRON blockchain platform.
The evolution of BitTorrent
BitTorrent, as a protocol, was developed as a method for distributing large amounts of data without the need for a central server. By allowing users to share parts of files with each other, the protocol significantly reduced the load on any single server, leading to faster and more efficient file transfers. This open-source protocol quickly gained popularity and became one of the most widely used methods for transferring large files over the internet.
| Ticker | BTT |
| Category | Storage |
| Website | https://www.bittorrent.com/btt/ |
| @bittorrent | |
| Telegram | BTTBitTorrent |
| https://www.reddit.com/r/Bittorrent/ | |
| Contract Addresses | |
|---|---|
| tron | TA...p4 Copied! |
| bittorrent | 0x00...10Copied! |
| binance-smart-chain | 0x35...4bCopied! |
| ethereum | 0xc6...57Copied! |
| energi | 0xf1...a7Copied! |
The role of the TRON blockchain
The TRON blockchain is a decentralized platform designed to support the creation and deployment of decentralized applications (dApps). By integrating BitTorrent with the TRON blockchain, developers introduced the TRC-10 token standard to create BTT. This integration allows for the implementation of advanced features and services within the BitTorrent ecosystem, leveraging the blockchain's decentralized nature to enhance network security and efficiency.
Features of BitTorrent Token
The introduction of BTT aims to bring several enhancements to the BitTorrent protocol, thereby improving the overall user experience.
Economic incentives for resource sharing
One of the primary goals of BTT is to incentivize users to share resources such as networking bandwidth and storage space. By rewarding users with BTT tokens, the network encourages active participation, leading to improved speeds and reliability. This economic layer aims to create a more balanced ecosystem where resources are efficiently distributed among users.
BitTorrent Speed
BitTorrent Speed is a feature that utilizes BTT tokens to enhance download performance. Users can offer BTT tokens to other users in exchange for faster download speeds, creating a marketplace for bandwidth. This feature aims to reduce download times and improve the overall efficiency of the file-sharing process, benefiting users who require rapid access to large files.
Trading BTT tokens
BTT tokens are traded on various cryptocurrency exchanges, allowing users to buy, sell, and exchange them for other digital assets. This liquidity enables users to easily obtain BTT tokens for use within the BitTorrent ecosystem or as a speculative investment. A comprehensive list of exchanges offering BTT trading pairs can be found on platforms like CoinGecko.