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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.
18 Aug 2023 4 minute read 0 comments NOWPayments
Accept BTT payments In the bustling world of cryptocurrency, BTT is the cool kid on the block, quietly changing the game. Born from BitTorrent’s brilliance, BTT dances on the TRON blockchain, offering more than just transactions – it’s a portal t...
28 Jun 2023 4 minute read 0 comments NOWPayments
Accept BTTC payments Are you ready to take your business to the next level? Accepting BTTC payments could be the game-changing solution you’ve been looking for. In this article, we will explore the benefits of accepting BTTC payments and how it c...
25 May 2023 4 minute read 2 comments Plisio
In 2005, BitTorrent, a P2P file-sharing application created by Bram Cohen and David Harrison, constituted approximately 35% of total internet traffic due to its advantages over other internet transfer protocols. However, as internet speeds increased...
7 Apr 2023 2 minute read 4 comments Cryptofab
Although I am globally satisfied with the performance of my cryptocurrency portfolio, I also made some mistakes along the way. Like many investors, I've had my fair share of bad investments, and some of the worst have been in coins and tokens that ha...
1 Dec 2022 1 minute read 0 comments Yugocean
The Commonwealth of Dominica is all set to launch the Dominica Coin (DMC) and the national varification form Dominica Digital ID (DID). This is the first of its kind. TRON: The Origin On October 7, 2022, Tron Blockchain and its affiliated...
18 Nov 2022 3 minute read 0 comments Denis Lukavačkić
Intro to BitLend: The World Biggest Distributed Network Powered by BTT What is Bitlend? BitLend is a new lending and borrowing protocol native to the BitTorrent chain. It has gained the attention of crypto experts, influencers and communities, and c...
21 Sep 2022 4 minute read 5 comments MintDice.com
If you have paid any attention to cryptocurrency news in the last several years, you have most likely heard of Justin Sun. This young Chinese-born entrepreneur has taken the crypto world by storm with his controversial tactics and business ventures....
13 Jul 2022 2 minute read 0 comments Emi1617
Crypto by it's nature is and always was a highly risky asset. Anyone who invests knows there are high risk investments. Which generally means the rewards are hugely positive or highly negative. That's why investments should always be be done w...
28 Jan 2022 2 minute read 2 comments Austras
Decentralisation is the corner stone of crypto. No-one has true control of the system or blockchain. This idea is nothing new, projects such as today's focus Bittorrent can be found all the way back in 2001. But with Tron's fairly recent acquisition...
13 Jan 2022 2 minute read 0 comments biricash
On December 12, 2021, the new Bittorrent Chain was launched, a protocol that adopts the proof-of-stake mechanism and allows the interoperability of the public chains of Ethereum, Tron and Binance Smart Chain. The launch of the new Bittorrent Chain...
