What Is BitTorrent?
BitTorrent integrates blockchain with torrenting technology, serving as the largest decentralized peer-to-peer (P2P) communication protocol. It enables seamless file sharing and large-download support across networks.
TRON (TRX) acquired BitTorrent in 2018 for millions of dollars and launched the BitTorrent Token (BTT) a year later. This cryptocurrency leverages TRON’s advanced tokenization infrastructure to empower and incentivize BitTorrent’s vast user base.
With over 100 million active users, BitTorrent stands as one of the internet’s largest P2P networks. This traffic enhances TRON’s scalability while enabling secure, permissionless file sharing and storage.
What Is BTT?
BTT is BitTorrent’s native digital currency—a TRC-20 utility token built on the TRON blockchain. It rewards users and facilitates low-cost microtransactions within the BitTorrent ecosystem.
BTT’s total supply is 990 trillion tokens. Its initial coin offering (ICO) sold out within minutes, and the token peaked at $0.000003054 in January 2022. However, amid ongoing bearish trends, BTT’s price remains below its all-time high after hitting a low of $0.000000705.
Use Cases for BTT
As a utility token, BTT fosters a healthier BitTorrent ecosystem through diverse applications:
- Network Transactions: All transactions are denominated in BTT.
- BitTorrent Chain (BTTC): A cross-chain interoperability protocol where BTT pays for gas fees, staking, and governance across TRON, Ethereum, and BNB Chain.
- Seeding Incentives: Users earn BTT for sharing files post-download, combating "torrent death" (lack of seeders).
- BitTorrent Speed: Users pay BTT to boost download speeds.
- E-Commerce: Accepted by merchants via gateways like CoinPayments and Plisio.
👉 Discover how to trade BTT securely
Who Created BitTorrent?
Founded in 2004 by programmer Bram Cohen, BitTorrent revolutionized file sharing by splitting files into smaller fragments ("torrents"). By 2005, it accounted for 60% of P2P traffic. Despite challenges like network congestion and unclear monetization, TRON acquired BitTorrent in 2018 for $140 million. Cohen later shifted focus to Chia Network, leaving BitTorrent under TRON founder Justin Sun’s leadership.
How Does BitTorrent Work?
Originally a P2P protocol, BitTorrent faced issues like group attrition due to uneven upload/download speeds. TRON’s tokenized bidding system now rewards users with BTT for sustained seeding, ensuring file availability. Transactions occur off-chain before settling on TRON’s blockchain for transparency.
In December 2021, BitTorrent launched BitTorrent Chain (BTTC), a PoS-based cross-chain protocol supporting TRON, Ethereum, and BNB Chain.
Why Is BTT Valuable?
Key value drivers include:
- Scalability: Millions of users transitioning to blockchain-based operations.
- Real-World Utility: Decentralized file sharing, streaming (DLive), and storage (BTFS).
- TRON’s Vision: Continuous innovation in decentralized services.
What Makes BitTorrent Unique?
- BitTorrent Speed: Enhances download speeds via blockchain incentives.
- BTFS: A decentralized storage system where hosts earn BTT.
- DLive: P2P live streaming rewarding viewers and stakers.
👉 Explore BitTorrent’s ecosystem
BTT Supply Metrics
- Original (BTTOLD): 990 billion tokens.
- Upgraded (BTT): 990 trillion TRC-20 tokens.
- Circulating Supply: 937.42 trillion tokens.
How to Store BTT
Use TRON-compatible wallets (TRONLink, Trust Wallet) or hardware wallets like Ledger/Trezor.
Where to Buy BTT
Available on major exchanges like Bybit:
Buying BTT on Bybit: Step-by-Step
- Navigate to Spot Trading (Trade → Spot).
- Select BTT/USDT.
Choose order type:
- Limit Order: Set price/quantity.
- Market Order: Instant purchase.
- Conditional Order: Trigger-based execution.
For guidance, visit Bybit’s Spot Trading Guide.
FAQs
Q: Is BTT a good investment?
A: BTT’s value hinges on BitTorrent’s adoption and TRON’s ecosystem growth. Diversify and research market trends.
Q: How do I swap BTTOLD for BTT?
A: Use centralized exchanges or BTTC’s official portal.
Q: What’s BitTorrent Speed?
A: A feature rewarding users with BTT for sharing bandwidth post-download.
Q: Can I stake BTT?
A: Yes, via BTTC for governance and rewards.
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