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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.
13 Feb 2021 4 minute read 0 comments MadMax500
I'm Not a Financial Advisor but this is one of my preferit token on my poratfolio let's talk about BitTorrent. BTT was launched on the Binance launchpad as a TRC-10 token. Singapore-based BitTorrent Foundation announced that the token would run...
9 Feb 2021 1 minute read 0 comments Makingdigital
The new highs for Bitcoin have driven the price of virtually every cryptocurrency on the market. They always tend to benefit and one of them, in a prominent way has been BitTorrent. We are in a delicate situation, there is a lot of FOMO and hundreds...
11 Jan 2021 2 minute read 0 comments mimmi
Image Source In my last post I talked about the difficulty of choosing which currency to invest in and that a valid help that goes beyond the market trend is the solidity of the project on which a currency is based. I talked about a very valid p...
4 Jan 2021 1 minute read 0 comments Crypto Blogger
Torrent is the decentralized peer to peer file sharing protocol. BitTorrent introduced new TRC 10 token (BTT token) where user can earn BTT token by downloading and seeding the torrent files. Further More, User can use BTT token to increase the spe...
17 Dec 2020 1 minute read 0 comments Emi1617
BTT is a TRC-10 token based on the blockchain that powers features of the most popular decentralized protocols and applications in the world. The Dapps that are powered by BTT include BitTorrent Speed, BitTorrent File System, Dlive, and others in t...
25 Nov 2020 1 minute read 0 comments cMasta
The video above contains the official unofficial Bitcoin anthem (and you are allowed to watch it in window mode 😁). After dinner today, my mother suggested my family watch a movie, and though I'm usually not into sitting around watching anything (b...
5 Nov 2020 1 minute read 4 comments cMasta
I know I've just plugged BetFury like 3 times in the past week, but they just started a birthday event until 11.10 and now you can get 75 sats every 20 minutes from the faucet (it's normally 25, which was already awesome). Then you can gamble with i...
25 Oct 2020 1 minute read 0 comments Venkatz
PayPal Entered into Crypto This Week the Online Payment Giant PayPal announced its entry to Crypto. From 2021 The PayPal customers will be able to buy, sell and hold their Crypto currencies. also customers can able to use their crypto assets ...
27 Sep 2020 3 minute read 2 comments odisseo
Everyone knows BitTorrent, the most popular P2P protocol on the planet. Few people know that the company that develops, in addition to the protocol, also the official μTorrent client, has been acquired by the Tron Foundation. This foundation develops...
1 Sep 2020 5 minute read 5 comments MintDice.com
After a rocky process of negotiations--including a lawsuit--prominent blockchain entrepreneur and Tron platform founder Justin Sun has officially acquired the file-sharing service BitTorrent for as much as $140 million. Proponents of cryptocurrency a...
