- Category: Protocol / Storage
- Coin Launched: July, 2018
- Resources: White Paper
- Official Website: Bittorent
- Reddit: Bittorent
Peer-to-peer protocol for users to transfer files around the world. The BitTorrent Token (BTT), a TRC-10 token is created on top of the TRON block chain platform as a way to extend the capability of BitTorrent.
The token is added to introduce some economics feature on BitTorrent for networking, bandwidth, and storage resources to be shared and traded.
BITTORRENT History / Information / Buying / Staking
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.
HOW BITTORRENT WORKS
A cryptocurrency created to stimulate participants in the system to take useful actions and service transactions of a torrent tracker. The BTT coin is launched based on the TRC-10 cryptographic token on top of the Tron blockchain (like the ERC-20 token on the Ethereum blockchain network). TRON (TRX) is a blockchain system for sharing content. Content can range from ordinary files (films, programs) to items such as online games (swords, pets, in-game currency). A feature of TRON is that its blockchain allows you to exchange values ??instantly and with a meager commission, so even transactions with 10 cents will be profitable.
BENEFITS OF USING BITTORRENT
Some of the benefits of using Bittorrent are:
Enabling users to download files with higher speed by spending a small amount of BTT tokens.
Offering additional BitTorrent features to the platform’s users with providing a way to earn money through sharing distributed content and seeding.
It targets an extremely large user base.
The BTT coins contribute to improving the BitTorrent ecosystem.
CAN YOU STAKE BITTORRENT
BitTorrent is a trusted Proof-of-Stake infrastructure provider and validator to stake your coins and earn rewards with Tron.
COINS SIMILAR TO BITTORRENT
BitTorrent's top competitors include Helm, InThrMa, KYOCERA Document Solutions Nederland and Penta Teknoloji which are not in the cryptocurrency realm.