BitTorrent Cryptocurrency (BTT): Complete Guide to the World's Largest Decentralized P2P File Sharing Network

BitTorrent: Everything You Need to Know

BitTorrent cryptocurrency (BTT) is a digital token that powers various features and services on the BitTorrent network, which is the world’s largest decentralized peer-to-peer (P2P) file sharing protocol. BTT is based on the TRON blockchain, which is a platform that aims to create a decentralized internet. BTT enables users to access faster downloads, file storage, live streaming, and other benefits on the BitTorrent network.

How does BitTorrent cryptocurrency work?

BitTorrent cryptocurrency works by following a set of mechanisms that enable users to:

Earn BTT by seeding files on the BitTorrent network. Seeding is the process of uploading files to other users who are downloading them. By seeding files, users can contribute to the health and availability of the network, as well as earn BTT rewards from the protocol or from other users who bid for faster downloads.

Spend BTT by downloading files on the BitTorrent network. Downloading is the process of obtaining files from other users who are seeding them. By spending BTT, users can access faster downloads, as well as support the content creators and file sharers who provide the files.

Use BTT to access various services and products on the BitTorrent network. These include BitTorrent Speed, which is a feature that enhances the download speed and BTT rewards; BitTorrent File System, which is a decentralized file storage system that allows users to store and share files on the network; BitTorrent Live, which is a live streaming service that enables users to broadcast and watch content in real time; and more.

BTT has a fixed supply of 990 billion tokens, with 6% of that total available in a public token sale, 2% in a private token sale, and 9% in a seed sale. The remaining tokens are allocated for various purposes, such as team, foundation, ecosystem, partnerships, marketing, airdrops, and TRON holders.

Who is the team behind BitTorrent cryptocurrency?

BitTorrent cryptocurrency is part of the BitTorrent network, which was created in 2001 by Bram Cohen, a computer programmer and entrepreneur who wanted to create a more efficient and decentralized way of sharing files over the internet. Cohen released the first version of the BitTorrent protocol and client in 2002, and founded BitTorrent Inc. in 2004 to develop and maintain the software.

In 2018, BitTorrent Inc. was acquired by TRON Foundation, a blockchain platform that aims to create a decentralized internet. TRON Foundation launched BitTorrent cryptocurrency (BTT) in 2019, as part of its efforts to add more decentralized features and incentives to the BitTorrent network. The TRON Foundation is led by Justin Sun, who is the founder and CEO of TRON, as well as the co-founder and CEO of BitTorrent.

What are the use cases for BitTorrent cryptocurrency?

BitTorrent cryptocurrency can be used for various purposes by different types of users, such as:

Content creators: BitTorrent cryptocurrency can help content creators to distribute their work to a large and diverse audience, without paying for hosting or bandwidth costs. Content creators can also monetize their work by receiving BTT from their fans or customers.

Content consumers: BitTorrent cryptocurrency can help content consumers to access a wide range of content from various sources, such as movies, music, games, software, and more. Content consumers can also enjoy faster and more reliable downloads by spending BTT or participating in BTT rewards.

File sharers: BitTorrent cryptocurrency can help file sharers to share their files with other users who have similar interests or needs, such as friends, family, colleagues, or communities. File sharers can also earn BTT by seeding their files or providing other services on the network.