What Is BitTorrent (BTT)?

BitTorrent is a pioneering distributed communication protocol with over one billion users. The protocol's goal is to connect industry-leading DeFi ecosystems, increase asset liquidity by billions of dollars, and provide value for end-users. As a peer-to-peer network, it enables the exchange of large, highly requested information while minimizing the requirement for a centralized trusted server. The protocol intends to give blockchain platforms high-performing, scalable, and cost-effective solutions.

According to its whitepaper, the BitTorrent protocol aims to allow client software terminals to work together for providing continuous delivery of multiple files to several customers. The platform also plans to empower developers to construct new, decentralized apps (dApps) on top of the existing ecosystem by incorporating blockchain technology into the BitTorrent ecosystem. As a result, users consider BitTorrent a better organization to improve the infrastructure for the next decentralized web. 

BitTorrent Chain is a brand-new diversified cross-chain communication technology. BitTorrent Chain is fully compatible with EVM, making it simple for developers to transfer Ethereum-based applications to BitTorrent Chain. 

BTT is the TRON TRC-10 cryptographictoken of the BitTorrent protocol. TRON is a blockchain technology created to serve as the backbone for decentralized apps. TRC-10 is explained as a technological token standard recognized by the TRON network. BitTorrent Bridge is used to bring BTT into BitTorrent Chain, where BTT can subsequently be used to pay for gas fees and collaborate as a native token. BTT strives to be available for future purchases via crowd-sale and exchanges.

BTT plans to serve as a general-purpose method for exchanging system resources between BitTorrent users and a liquid market of service applicants and suppliers. In the BTT-enabled BitTorrent system, BTT is considered the unit of exchange for transactions, including the delivery of goods or services. 

History of BitTorrent (BTT)

BitTorrent started its operations in 2001 by Bram Cohen. The BitTorrent (BTT) White Paper was released in February 2019. The total supply of BitTorrent tokens is 990,000,000,000 BTT coins.