On the software itself, BTT incentivizes users to continue seeding even after they’re done downloading. On the BitTorrent Chain (BTTC), a cross-chain interoperability protocol that supports asset transfers across TRON, Ethereum and Binance Smart Chain (now known as BNB Chain), BTT is its native coin used for paying gas fees, staking and governance. Being the unit cryptocurrency of BitTorrent, BTT is denominated in every transaction on the network. What Is BTT Used For?Īs a utility-enabled token, BTT has multiple use cases geared toward a healthier and highly efficient BitTorrent ecosystem. However, as the bear market persists, BTT’s price has yet to fully recover from an all-time low of $0.000000705.
Launched through an ICO that sold out within minutes, BTT rose to its highest price of $0.000003054 in January 2022. There’s a total supply of 990 trillion BTT tokens. BTT provides incentives and facilitates low-cost micropayments on the BitTorrent network. What Is BTT?īTT, the native digital currency for the BitTorrent protocol, is a standard TRC-20 utility token built on the TRON blockchain. Such traffic will help in the scalability of TRON, while allowing users to share and store files in a safe and permissionless way. The cryptocurrency was created to leverage the advanced tokenized infrastructure on TRON, as well as empower and incentivize the millions of torrenting users on the BitTorrent protocol.Īs one of the largest P2P networks on the internet today, BitTorrent has over 100 million active users. Designed to integrate blockchain into torrenting, BitTorrent is the largest decentralized peer-to-peer (P2P) communications protocol that allows for file sharing and downloading of large files on the web.īitTorrent merged with TRON in 2018 through a multimillion-dollar deal that led to the launch of the BitTorrent token a year later.
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