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The BitTorrent Token (BTT) is a multi-purpose token that is a part of the BitTorrent ecosystem, following its acquisition by cryptocurrency focused entity, the TRON Foundation, in July 2018. The news quickly made the rounds and TRON founder Justin Sun outlined some grand ambitions for BitTorrent in the near future, which include rewards seeders with the token for their efforts.
File sharing software like BitTorrent and utorrent are extremely popular, whose user bases number in the many millions. TRON saw this as an opportunity to expand its own network.
The BitTorrent Token runs on the TRON protocol, and can be used to reward seeders for sharing files on the peer-to-peer file sharing network. Users can also pay more BTT to receive more bandwidth, a sort of premium file sharing option that can be paid for.
Most recently, the BitTorrent team announced three new plans to incentive stakeholders to use the tokens: users, partners and the general ecosystem. The first concentrates on increasing educational efforts surrounding blockchain technology and “will facilitate access to the latest BitTorrent technology and TRON’s ecosystem.” The second relates to a partnership plan that will encompass exchanges and wallets that support BTT. The third is an attempt to allow clients relying on the BitTorrent protocol to offer BTT to their users.
Details on development are a little scarce, but it has been made known that BitTorrent Enhancement Protocols (BEPs), wallet support and dapp experimentation are on the agenda for 2019. The team is also working on bringing content over from the TRON ecosystem.
6 Jun 2021 1 minute read 0 comments Defiant Pathfinder
When it comes to crypto currencies investment, you do not just have to buy because its listed on the market cap or maybe someone bought it. A lot bought coins and altcoins after they thought that they will make them rich but it never happened. Someon...
2 Jun 2021 1 minute read 0 comments tomdc5
What is BitTorrent? BitTorrent, you probably know him, his name must mean something to you. Whether you have heard this name in the context of cryptocurrencies or you are using the sharing solution, BitTorrent is very well known in the computer world...
27 May 2021 11 minute read 2 comments BitcoinGordon
After making the decision to write this, knowing the cryptosphere fairly well, I immediately heard the flood of insults or "dewd, you just don't get it" comments. So, as I make a few points from perhaps a place of conservative wisdom, be aware that I...
17 May 2021 2 minute read 0 comments servelle
Hi, Dlive offers a stake for BTT but the reward is ridiculously low (0.81% APY) unless you are a Dlive Partner (you get then an additional 8%). Triggering such a smart contract cost a lot of energy it is explained in the help section on Dlive. Actu...
11 May 2021 1 minute read 0 comments Wexd
BITTORRENT (BTT) The coin token from Utorrent & Bittorrent Is a TRC-10 token, you can get BTT by using DApps like Bittorrent or Utorrent. ...
10 May 2021 14 minute read 0 comments SirGerardThe1st
What is the difference between tactic and strategy? Why do some investors use these terms as the same thing? Why are there successful businesses and others that fail? Strategy without tactics is useless, but tactics without strategy inevitably lead...
6 May 2021 1 minute read 0 comments lydone
Few days ago, a new name has taken over the cryptocurrency market: Chia Network. The new digital currency introduces the concept of "farming" instead of "mining", using hard disks and not GPU. One of the biggest problem on "mining" regards the dom...
28 Apr 2021 1 minute read 0 comments DimitarM
Hey guys, I've been using BitTorrent Speed Wallet to earn BTT tokens on the Tron Network and there have been some issues when claiming from the in-app wallet to the on-chain wallet. Literally either the transfers were hanging pending, or the transfer...
25 Apr 2021 1 minute read 1 comment Avifox90
Before you proceed with the below know that this is not financial advice and I am not a financial advisor. BitTorrent (BTT) - What is it? It is a token that was launched in year 2019 by the BitTorrent Foundation. This token was created after the acqu...
23 Apr 2021 1 minute read 1 comment Defiant Pathfinder
People tend to ask this question whenever they want to buy or invest in an altcoin. No one wants to buy an altoin which has no future, there are some coins which has been stuck at same place like forever and they are struggling to surpass a certain p...
