![]() Naturally, any cryptocurrency associated with the platform has some pretty serious potential. ![]() To give you an idea of just how big the BitTorrent platform is, back in 2015 it was estimated that users sending and receiving files across the protocol accounted for up to 20% of all internet traffic worldwide. Back in the early 2000s, BitTorrent was the biggest name out there when it came to sharing content and continues to be the go-to choice for millions of users. However, before cryptocurrency, there was another innovation that democratised digital assets: file sharing. The cryptocurrency looks set to revolutionise the way we approach finance and has been one of the major breakthroughs of the digital age. So should you be thinking about adding it to your portfolio? And the token price after a few hours stabilized at the level of $ 0.00289.ĭespite the price not being very stable, analysts expect that the token will grow in the next year.The BitTorrent cryptocurrency powers the world’s biggest decentralised file sharing protocol and has the potential to be one of the breakthrough tokens of the next few years. But by the end of the month, the gains were lost and the token went back to its support position of $0.00035.Īfter the launch date was announced on the 6th of December, BTT token price skyrocketed and its market cap grew from $2.2 billion to $3.1 billion in a matter of hours. The next months were full of updates, for instance, at the beginning of October the test network launch was announced and that influenced the price to grow a little. At the time the token started to stabilize its value and even reached $.00049 on September 5. This attracted even more attention to the asset from the developers, crypto enthusiasts, and investors.īut then the price started to drop steadily and the market was following bearish trends till the end of July. On April 5 on the wave of the crypto market uptrend, it reached an all-time high of $0.0142. Once BTT goes on mainnet old TRC-10 coins will be replaced with TRC-20.īTT token performed as one of the most active tokens of the crypto space. But the main idea of BTT is to create a limitless world where the exchange of content is easy and fast. It is mainly utilized by the developers of dApps. īitTorrent File System is a protocol and network implementation that offers a peer-to-peer mechanism of uploading and downloading digital content in a decentralized filing system. All the earned assets are stored in the integrated wallet. It also offers premium options such as VPN, no ad browsing, etc.īitTorrent Speed is a downloading client like uTorrent but with advanced options, in particular, downloaders will be able to offer tokens to the uploader to improve download speed. So the uploaders will get a possibility to earn the assets and will be motivated to seed the file longer. And as Bram Cohen thinks exchange of the information, in this case, should be fast and convenient. As of now, BitTorrent is still considered to be the biggest decentralized P2P communication protocol. The initial idea of creating the project was to unload the entertainment industry that got overloaded with the data and became slow and cluttered.ĭespite the fact that the technology has seen a lot of criticism for pirating, Cohen replies that nothing illegal is happening as the users just exchange the content between themselves. The project was originally created in 2001 by Bram Cohen but was bought by TRON blockchain in 2018 and got its own native BTT token after a year in 2019. ![]() The asset is used to power a number of dApps including BitTorrent Speed, BitTorrent File system, DLive, etc. BTT is a TRC-10 utility token implemented on the TRON blockchain that powers the most popular decentralized protocols and applications. ![]()
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