What is BitTorrent Token?
BitTorrent, shortly BTT, is a TRC-10 based Tron token.
As a collaboration between the TRON Foundation and the BitTorrent Foundation, BTT Token, which works with the BitTorrent protocol, will become the building block of the token-based economy. It is aimed to create a new value and ecosystem by working on the existing BitTorrent network. It is worth noting that both BitTorrent and TRON companies have a vision of a barrier-free, decentralized internet.
What is BitTorrent Coin?
BitTorrent Coin, combining decentralized file sharing protocol with cryptocurrencies, was announced in early 2019 in partnership with Tron-Binance and BTT Coin sale was initiated. In short, BTT Token as a digital currency mediates content creators to connect with their audiences. BitTorrent Token can be used for faster file sharing and BTT Tokens can be stored in the built-in wallet on the BitTorent program.
When Bittorrent Coin is analyzed, it is seen that BTT is also provided to users to make storage areas or processor power available. In addition, the transfer of value within the network is provided by BTT and everyone participating in the network can easily access all applications developed. Moreover, certain content can be purchased using BTT Coin. In this context, it can be evaluated that BitTorent Coin has a very solid vision.
BitTorrent (BTT)
The tokens used in the BitTorrent network are TRON-based TRC-10 tokens and are traded under the name BTT on crypto money exchanges. According to the BTT whitepaper, 990 billion BTT will be created, 211 billion BTT tokens are currently in use. The initially minted tokens were allocated to users who installed BitTorrent and µTorrent Classic software, TRX holders, investors helping to get started, TRON and the BitTorrent team.
What Does BTT Mean?
TRON founder Justin Sun stated in the BTT introductory speech that if they manage to bring Blockchain together with the existing user base, they will take a big step. BitTorrent currently has more than 100 million monthly users. In total, BitTorrent Protocol is considered to be the largest decentralized protocol in the world with more than 1 billion users. The protocol was developed by the BitTorrent company, and various application formats include popular ones such as μTorrent.
BitTorrent Coin Reviews
On 24 July 2018, TRON purchased BitTorrent and all of its products. After its acquisition, it launched a number of decentralized products including BitTorrent / uTorrent, BitTorrent File System (BTFS), TronTV, and the newly joined blockchain live content platform DLive. With these visions, BitTorrent Coin can be interpreted as it will not be a surprise that it will become more widespread and adopted.
BitTorrent Coin Future
Since the applications developed in the BitTorrent network are located on a decentralized network, the data storage areas are global and much larger. In addition, there is no scaling problem since the applications can use the storage areas of other users who join the network. These two features will become much more important in the future and are likely to positively affect the BitTorent Coin price.
BitTorrent Coin Chart
When the BitTorent Coin chart is examined, its value of $ 0.0017 in mid-2019 is seen as the highest level. As of the date of the article update, the Bittorrent token price is recorded as $ 0,00038. Although BTT Coin is far from the record level, it manages to be in the top 100 on the cryptocurrency list with a market value of over $ 80 million. When the BTT TL chart is analyzed, it is seen that the BTT TL parity reached a record level with 0.01 TL in May 2019. The current price is 0.0026 TL, which means that BTT is 75% cheaper than the current highest level.
How to Buy BitTorrent Coin?
BitTorrent Coin is available from Binance , one of the world's largest cryptocurrency exchanges . Binance can be preferred due to its Turkish language support and allowing transactions without identity confirmation.