BTTC stands for BitTorrent Chain, and is part of the popular BitTorrent ecosystem, one of the oldest and largest decentralized file sharing platforms.
Key facts about BTTC:
1. Objective:
BTTC aims to improve the file sharing experience, as well as support advanced functions such as smart contracts and decentralized applications (DApps).
It connects several different blockchain networks, such as TRON, Ethereum, and Binance Smart Chain, facilitating interaction between them.
2. Uses:
The currency is used to pay transaction fees on the BitTorrent Chain network.
It incentivizes users to provide storage and seeding capacity on the BitTorrent network.
3. Ecosystem:
BTTC is part of the TRON ecosystem, where the currency and infrastructure were developed in collaboration with the TRON Foundation.
It operates using Proof of Stake technology, making it more energy efficient than some other currencies.
4. Trading:
BTTC can be bought and sold on many popular platforms such as Binance, KuCoin, and Gate.io.
5. Future:
Given that BitTorrent as a platform has millions of users worldwide, BTTC has the potential to grow as the network and its associated applications expand in use.
Note:
Cryptocurrencies in general are subject to volatility, so if you are considering investing in them, it is important to carefully study the project and understand the market.