
Cryptocurrencies were developed based on the premise of 24-hour trading. The native token of the BitTorrent Chain network, #bttc🔥🔥🔥 , is an example in full development, updating and expansion. Understand what it is and how this protocol works.
Proof-of-Stake Protocol
Torrents (free data and file sharing platforms) gained strength and popularity in 2000. BitTorrent software is one of the best known.
For sharing to happen, it is necessary to cultivate seeds, users who make the complete file available. This type of transaction is known as Peer-to-Peer (P2P), which translates as “between users”.
The big challenge was precisely the lack of incentive to share the file after downloading. This changed with the creation of the Proof-of-Stake (PoS) validation mechanism, which rewards users who collaborate with the process through the BTTC token.
BitTorrent on the Tron network
Justin Sun, founder of the decentralized network Tron, purchased the BitTorrent software in 2018. Since then, the platform has undergone important updates, such as the creation of BTTC and the adoption of Proof-of-Stake. Thanks to this protocol, there is compatibility with the blockchain of the ecosystem itself and Ethereum.
Advantages of the BitTorrent Chain protocol
A pioneer in scalable heterogeneous cross-chain interoperability, the BitTorrent Chain protocol has deployed several nodes to validate data and file transactions. It supports smart contracts through sidechains, auxiliary blockchains connected to the main one.
There are advantages to this ecosystem. First, the blockchain-specific consensus algorithm guarantees scalability. Another positive point is the easy interaction of data and assets across networks with interoperability, connecting to the Tron blockchain and #Ethereum...
