What is Bittorrent coin? Learn some basics about Bittorrent

What is Bittorrent coin? The name Bittorrent has been around the world for a long time, it is a file sharing protocol with more than 150 million users globally. So where did the Bittorrent coin come from? In today’s article, we will learn some basic information about Bittorrent.

What is Bittorrent coin

1 – What is BitTorrent coin?

Bittorrent coin is a token in the BitTorrent ecosystem built on TRON’s blockchain technology platform according to the TRC-10 standard. Some basic information of Bittorrent (BTT) is as follows:

Abbreviation: BTT.

Blockchain platform: TRON.

Token standard: TRON-10.

Token type: Utility token.

Circulating supply: 212,116,500,000 BTT.

Total supply: 990,000,000,000,000 BTT.

2 – Learn some basics about Bittorrent

2.1 – What is Bittorrent?

Bittorrent is formerly known to users as a P2P (Peer to Peer) file sharing protocol, this protocol allows users to share video, music, and book files over the internet.

In 2018 BitTorrent was officially acquired by TRON Foundation for more than 120 million USD. Acquired TRON Foundation aims to build a decentralized file sharing network on the blockchain platform.

2.2 – Advantages of Bittorrent

The operational nature of Bittorrent is suitable for integration into blockchain platforms.

When bittorrent is developed on blockchain, the features not only stop at file sharing, but also create a token to serve as a means of payment for exchange in the ecosystem.

2.3 – What is BTT token used for?

Bittorrent token (BTT) is used as a cost when users want to download data at a fast speed on the platform.

Used to tip when users want to support livestream videos with useful content for them.

Used to pay when users want to buy or download digital content.

Used to raise funds to support content creators.

Use as rewards for members who contribute or share bandwidth in the community.

2.4 – The role of BTT token

Costs to download data at fast speed

Tipping for the livestream videos you want to support

Pay for purchasing or downloading digital assets (digital assets)

Fundraising to support content creators

Paying Airdrop monthly to the holders

As a reward for seeders for contributing to the system by seeding or sharing bandwidth with the community

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