![]() ![]() It also serves as a storage service that allows platform users to download the stored data from service providers in exchange for a fee. Users can also earn BTT by participating in other providers’ distributions. TRON uses a blockchain to keep track of all the transactions, but, unlike most popular digital coins, uses a Delegated Proof of Stake (DPoS) consensus mechanism which means that users who verify the blockchain have to hold a stake of TRON tokens, and be voted on by others.īTT is a TRC-10 cryptographic token on the TRON blockchain and was created to improve and tokenize the entire BitTorrent content sharing platform.īTT can be bought and spent by BitTorrent users who request files (peers) or would like to increase their download speed, while providers (seeds) can receive and sell BTT in order to be compensated for seeding the files on their systems. TRON is a blockchain-based decentralized operating system for sharing content (that ranges from video files to online games) based on a cryptocurrency native to the system – TRON (TRX). Ethereum is way bigger and it might launch the same venture in the future as well. It is also TRC-10, meaning the token complies with the technical token standard that the TRON blockchain supports. Following this idea, the BitTorrent team presented BitTorrent Token (BTT), a project that would add incentives to torrenting and solve problems such as slow download speed. What is BitTorrent Token (BTT) BitTorrent was natively initiated on the TRON mainnet. ![]() Additionally, the coin’s market value surged to a whopping 3.5 million. Counting down events from the last year, the token team was able to deploy the world’s first decentralized live stream, the Dlive protocol. According to the Tron Foundation founder Justin Sun, this was the start of Project Atlas – an initiative that would help decentralize the internet’s content using blockchain technology. The BitTorrent Token (BTT) is yet to celebrate its third birthday on January 20, 2022. In 2018 the platform was acquired for $140 million by the Tron Foundation blockchain. The plans for the future of BTT are connected to the visions of both Tron and BitTorrent’s protocol. The communication protocol for peer-to-peer (P2P) file-sharing, which enables the distribution of data and electronic files (like music files, computer games, etc.) over the internet in a decentralized manner, is today used by more than 100 million people in more than 100 countries. The first version of the BitTorrent platform was designed by programmers Bram Cohen and David Harrison and released in 2001. Decentralized applications (DApps) powered by BTT include BitTorrent Speed, BitTorrent File System, DLive, and others in the pipeline. BitTorrent Token (BTT) is a utility token based on TRON blockchain (TRC-10 token) that powers features of decentralized protocols and applications.
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