BitTorrent is a popular peer-to-peer (P2P) file sharing and torrenting platform that has become more decentralized especially recently. Launched in 2001, BitTorrent was acquired by the blockchain platform Tron in 2018.
After its acquisition, various innovations were added to the platform, along with BTT, a native cryptocurrency.
The official statement about BitTorrent claims that it is the “world’s largest decentralized P2P communication protocol.”
What is the BTT (BitTorrent) token project?
BTT is the native cryptocurrency of the BitTorrent file sharing platform acquired by Tron. BTT is the token created with the TRC-10 standard of the Tron network, the blockchain technology that supports the features of the most popular decentralized protocols and applications in the world. DApps (decentralized applications) powered by BTT include BitTorrent Speed, BitTorrent File System, DLive and other items on the line.
BTT can be used for a variety of purposes, including offering payment for faster downloads thanks to BitTorrent Speed.