Sunday, April 25, 2021

CryptoCoin - What Is BitTorrent (BTT)?

What Is BitTorrent (BTT)?

BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform which has become
increasingly decentralized in recent years.

Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018. Since its acquisition, BitTorrent has added various new tools, with a dedicated native cryptocurrency token, BTT, released in February 2019. BTT was launched on TRON’s own blockchain, using its TRC-10 standard.

According to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world.

Get faster download speeds and BitTorrent token rewards

BTT Speed is available as a feature of BTT and µTorrent Web, as well as µTorrent Classic.

With BTT Speed enabled, downloaders will have the option of providing tokens to uploaders in exchange for faster download speed. By introducing an incentive of earning BitTorrent tokens, uploaders have a reason to seed files longer, and to dedicate more of their bandwidth and storage to other torrent clients in the network. BitTorrent, which serves as a crypto torrent token in BitTorrent Speed, is responsible for powering a healthier BTT protocol.

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