What Is BitTorrent (BTT)?

BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralized in recent years. Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018. Since its acquisition, BitTorrent has added various new tools, with a dedicated native cryptocurrency token, BTT, released in February 2019. BTT was launched on TRON’s own blockchain, using its TRC-10 standard. According to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world.

Who Are the Founders of BitTorrent?

The original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who himself has since become well known in the cryptocurrency arena. Cohen has explained that he designed BitTorrent to usurp the dated entertainment industry, which made obtaining material slow and expensive. The platform has seen multiple legal battles, with Cohen maintaining that it does not break copyright laws in allowing users to share files such as music and movies among themselves. In 2018, TRON completed its acquisition of BitTorrent, bringing BitTorrent under the control of Justin Sun. Sun is notorious for his plugging of both TRON as a cryptocurrency and its blockchain technology, bidding $4.5 million at a charity auction to have lunch with Warren Buffett (well-known anti-crypto figure) and discuss cryptocurrency with him. TRON is also behind the addition of cryptocurrency to BitTorrent, as the BTT token was released on TRON’s blockchain. The move formed part of TRON’s efforts to add further decentralized features to the platform.

What Makes BitTorrent Unique?

BitTorrent’s original goal was to disrupt the legacy entertainment industry and how consumers obtain content. Expensive and inefficient distribution networks were the main target, with original developer Bram Cohen seeing benefits in allowing internet users to distribute content among themselves directly. In the early 2000s, BitTorrent became the go-to P2P file sharing platform, with TRON stepping in 2018. Under TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as to its own user base. Among the added features are BitTorrent Speed, which uses the BTT token as part of its operations. BitTorrent has also branched out into paid services, offering several “premium” versions of its platform which include VPN capabilities and ad-free browsing.

How Many BitTorrent (BTT) Coins Are There in Circulation?

BTT is BitTorrent’s native cryptocurrency, issued on TRON’s blockchain as a TRC-10 standard token. The total supply, as stated in its whitepaper, is 990,000,000,000 BTT. 6% of that total was available in a public token sale, 2% in a private token sale and 9% in a seed sale. Another 20.1% are reserved for airdrops, which are set to occur at various points until 2025. The BitTorrent team and umbrella organization, the BitTorrent Foundation, were awarded 19% of the supply. The TRON foundation holds 20%, with 19.9% going to the BitTorrent ecosystem itself. A final 4% of tokens are reserved for partnership activities. BTT plays various roles in BitTorrent’s products, including allowing users to pay others for faster downloads with BitTorrent Speed.

How Is the BitTorrent Network Secured?

BitTorrent says that it employs “the highest level of security measures” in order to secure user funds, but advises that cryptocurrency involves inherent risk. The company recommends that users protect themselves against theft, in the form of malware or similar programs, by using options such as biometric verification.

Where Can You Buy BitTorrent (BTT)?

BTT is tradable for cryptocurrencies, stablecoins and even fiat currencies on major exchanges. Binance, Huobi Global and OKEx are among the offerings. To find out more about how to buy Bitcoin (BTC) or any other cryptocurrency, read CoinMarketCap’s easy guide.

What tools does Nimbus offer for effortlessly monitoring BitTorrent (New)?

Nimbus provides a user-friendly tracking solution equipped with intuitive tools to monitor BitTorrent (New) effortlessly. These tools are specifically designed for user convenience, allowing individuals to stay seamlessly updated on the latest trends, prices, and information related to BitTorrent (New). Users can also explore the world of cryptocurrency effortlessly while simultaneously tracking BitTorrent (New) prices. The platform also offers insights into profit and loss, providing a comprehensive experience without the complexity typically associated with monitoring cryptocurrencies.

How does Nimbus enable tracking BitTorrent (New) prices with profit and loss?

Nimbus facilitates the tracking of BitTorrent (New) prices with profit and loss through seamless integration with your crypto wallet for portfolio monitoring. By connecting with your crypto wallet, Nimbus provides a clear and comprehensive overview of various metrics, including profits, losses, revenue, expenses, return on investment (ROI), and other essential financial indicators. This integration ensures that users can analyze their cryptocurrency portfolio with precision, gaining valuable insights into their financial performance. With Nimbus, users can navigate the cryptocurrency landscape with a perfect blend of simplicity and sophistication, enhancing their ability to make informed investment decisions.

How does Nimbus analyze BitTorrent (New), and what insights does it provide?

Certainly! Nimbus possesses a robust analysis tool that is adept at evaluating and interpreting BitTorrent (New) . The tool employs diverse strategies, including delving into metadata details, tracking marketplace data, and calculating performance metrics such as Return on Investment (ROI). Through these methodologies, Nimbus provides users with valuable insights into the composition and performance of their BitTorrent (New). Users can gain a comprehensive understanding of their investment. The analysis tool ensures that users are equipped with the necessary information to navigate the cryptocurrency landscape with confidence and intelligence.

Trending News

Crypto: Vitalik Buterin accuses economists of distorting inflation logo

Crypto: Vitalik Buterin accuses economists of distorting inflation

Vitalik Buterin, co-founder of Ethereum crypto, has never been afraid to challenge conventions. Recently, he targeted the traditional definition of inflation, asserting that the crypto community has the right to redefine the term according to its own criteria. For Buterin, inflation should no longer be limited to a simple price increase but should encompass the increase in the money supply. This bold statement highlights the tensions between traditional economic definitions and modern perceptions in the crypto universe.

Cointribune English

May 28, 2024

Top Analyst Predicts Ethereum (ETH) to Outperform Bitcoin (BTC): Here’s Why logo

Top Analyst Predicts Ethereum (ETH) to Outperform Bitcoin (BTC): Here’s Why

Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! Ethereum is predicted to outperform Bitcoin in the short term, according to a crypto analyst. This forecast comes from Joshua Lim, co-founder of Arbelos Markets, who attributes this trend to the anticipated interest in spot ETF trading. Lim suggests that the […] Read more at COINOTAG.

CoinOtag EN

May 28, 2024

DWF Labs 5M $USDT’yi $LADYS Geliştirici Cüzdanına Aktardı, SpotOnChain Bildiriyor. logo

DWF Labs 5M $USDT’yi $LADYS Geliştirici Cüzdanına Aktardı, SpotOnChain Bildiriyor.

DWF Labs, 5 milyon USDT’yi $LADYS adlı kayda değer bir kripto para projesinin geliştirici cüzdanına transfer etti. Bu hamle, kripto topluluğunda $LADYS’in gelecekteki gelişmeleri hakkında önemli ilgi ve spekülasyonlara yol açtı. Önde gelen bir kripto analistine göre, “Bu büyük transfer, $LADYS için önemli güncellemelerin veya ortaklıkların habercisi olabilir.” DWF Labs’in $LADYS geliştirici cüzdanına yaptığı büyük […]


May 28, 2024

OpenAI Lines up GPT-4 Successor Amid Safety Concerns   logo

OpenAI Lines up GPT-4 Successor Amid Safety Concerns  

OpenAI is training a new AI system to succeed GPT-4 as the company looks to score a reputational reboot. The model will be preceded by a safety and security committee led by CEO Sam Altman and three other board directors.  Also read: ChatGPT Still Spreads Falsehoods, Says EU Data Watchdog The San Francisco-based company is […]


May 28, 2024

XRP ($XRP) and Chainlink ($LINK) Whales Make Strategic Moves: Uncovering the Market Shift logo

XRP ($XRP) and Chainlink ($LINK) Whales Make Strategic Moves: Uncovering the Market Shift

Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! LINK’s market cap outpaced the volume, suggesting that the network was overvalued. The difference in XRP’s exchange inflow and outflow indicated that the price might climb. “There has been a bit of an accumulation rebound from them in the past six […] Read more at COINOTAG.

CoinOtag EN

May 28, 2024

BTT Market Statistics

  • Price USD

  • Market Cap

  • Total Volume USD

  • Total Supply

    990,000,000,000,000.00 BTT
  • Circulating Supply

    968,246,428,571,000.00 BTT
  • Fully Diluted Market Cap

  • Socials

  • Official links

Join us to Maximize your Returns & Minimize your Risk

Gain access to all exclusive data, insight that can make your investment more joy