Did you know what it is? The BitTorrent (BTT) platform is the native token of the BitTorrent file sharing service, which is one of the largest and most popular peer-to-peer (P2P) file sharing networks in the world.
Main Features:
- Purpose: BTT is primarily used in the BitTorrent Speed service, which allows users to achieve faster download speeds in exchange for BTT tokens. Users can offer tokens to others to obtain faster downloads.
- Blockchain: BTT is based on the TRON blockchain and uses the TRC-10 standard.
- Acquisition: The cryptocurrency was launched in February 2019 after TRON acquired BitTorrent in 2018.
- Applications: In addition to BitTorrent Speed, BTT is also used in the BitTorrent File System (BTFS), which is a decentralized file storage system.
Usage and Benefits:
- Fast Downloads: By using BTT, users can incentivize others to share files, resulting in faster downloads.
- Decentralization: BTT helps promote the decentralization of content distribution, allowing users to share files directly with each other without intermediaries.
