What is BitTorrent (BTT)?
BitTorrent is the world’s largest decentralized file protocol, created by Bram Cohen.
BTT is a TRC-10 utility token that powers the most popular Dapps and protocols in the world. DApps supported by BTT include BitTorrent Speed, BitTorrent File System, DLive, etc.
Main Products of BitTorrent (BTT)
BitTorrent Speed
BitTorrent Speed is a feature available on BitTorrent and µTorrent Web, as well as µTorrent Classic.
With the BitTorrent feature, downloaders can choose to provide tokens to the uploader for faster download speeds. BTT acts as a monetary reward for users, incentivizing them to seed files longer and to dedicate more of their bandwidth and storage to other torrent clients in the network. Thereby, the BTT token plays a role in maintaining the sustainable development of the protocol.
BitTorrent File System (BTFS)
BTFS is both a protocol and network implementation, providing a peer-to-peer mechanism for storing and sharing digital content in a decentralized storage system.
BTFS addresses the disadvantages of traditional file storage systems, including centralization, government censorship, high costs, and low fault tolerance.
BTFS is a decentralized file storage system supported by millions of BitTorrent user nodes. BTFS is built on blockchain and uses Delegated Proof-of-Stake (DPoS) mechanism for transaction processing. BTFS represents the first decentralized storage system that can be used by decentralized application (DApp) developers. In the future, BTT will be included in the BTFS ecosystem to promote a richer file system.
DLive
DLive is a live streaming community built on blockchain to empower content creators and viewers.
Through a reward system, broadcasters and viewers can profit without sharing the proceeds with the platform. DLive aims to decentralize, creating a more open content platform.
BTT will be included in the DLive ecosystem to enhance rewards, subscriptions and viewer rewards.
Token BTT
BitTorrent token (BTT) is a TRC-10 token on the Tron blockchain. BTT aims to build a token-based economy for networking, bandwidth, and storage resources on the BitTorrent system. BTT helps network participants “capture the value of sharing bandwidth and storage”.
BTT token Use Cases
- Pay for downloading data with fast speed
- Tip for the livestream videos you want to support
- Pay when buying or downloading digital content
- Fundraise to support content creators
- Airdrop monthly to the holders
- Reward seeders for contributing to the system by seeding or sharing bandwidth with the community
BTT token specifications
- Symbol: BTT
- Blockchain: TRON
- Token standard: TRON-10
- Total supply: 990,000,000,000 BTT
- Circulating Supply: 659,950,000,000 BTT
Token Allocation
- Binance Launchpad: 6%
- Private sale: 2%
- Seed round: 9%
- TRON Airdrop: 10.1%
- BitTorrent Protocol Airdrop: 10%
- BitTorrent development team: 19%
- TRON foundation: 20%
- BitTorrent Ecosystem: 19.9%
- Partnership: 4%
BTT token Price today
How to buy BTT
BitTorrent (BTT) has been listed on Attlas Exchange.
Traders can easily and securely buy BTT with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find BTT
Step 5: Select Buy
Summary
This article is an overview of BitTorrent (BTT), not a financial advice.
Users are advised to do their own research before making any trading decisions.