What Is BitTorrent (BTT)?
BitTorrent (BTT) is a utility token launched in 2019 by the BitTorrent Foundation. Designed for peer-to-peer (P2P) file-sharing, BTT enables users to:
- Reward content hosts with cryptocurrency for sharing files.
- Tip peers for faster download speeds.
- Operate seamlessly on the TRON blockchain via the TRC-10 protocol.
With a total supply of 990 billion tokens, BTT integrates with BitTorrent’s ecosystem, including apps like BitTorrent Speed and DLive. Its goal? To disrupt centralized media distribution by incentivizing decentralized file-sharing.
How Does BTT Work?
BTT leverages the TRON blockchain to facilitate payments within BitTorrent’s P2P network. Key features:
- Eliminates Middlemen: Users transact directly via BTT.
- Incentivizes Sharing: Content creators earn tokens for hosting files.
- Market Speculation: Traders invest in BTT, influenced by network activity and TRON’s ecosystem.
👉 Learn how TRON (TRX) powers BTT’s blockchain
Who Founded BTT?
- Bram Cohen: Created the BitTorrent protocol in 2001.
- BitTorrent, Inc.: Co-founded by Cohen in 2004, now owned by TRON’s Justin Sun (acquired in 2018).
BitTorrent remains the world’s largest P2P network, handling 22% of upstream internet traffic.
BTT Tokenomics & Circulation
- Max Supply: 990 billion BTT (circulating = max supply).
- All-Time High (ATH): $0.01068 (April 2021), with a **$10B+ market cap**.
Distribution:
- 6% public sale (via Binance Launchpad).
- 20% airdropped by TRON Foundation (until 2025).
- 40% allocated to BitTorrent/TRON foundations.
FAQs
Q: What is BTT used for?
A: Paying for faster downloads, tipping content hosts, and TRON-based DApps.
Q: Is BTT a good investment?
A: It depends on BitTorrent’s adoption and TRON’s ecosystem growth.
Q: How do I buy BTT?
A: Purchase on exchanges like Binance or OKX.