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What Is BitTorrent (BTT)?
BitTorrent is a leading peer-to-peer (P2P) file-sharing platform that has become decentralized in recent years. Initially released in July 2001, it was acquired by blockchain platform TRON in 2018. BitTorrent introduced its native cryptocurrency, BTT, in February 2019, based on TRON’s TRC-10 standard. Today, BitTorrent is the “largest decentralized P2P communications protocol” globally.
Founders of BitTorrent
BitTorrent was created by Bram Cohen, a developer aiming to disrupt the traditional entertainment industry by making content faster and more affordable to access. Over the years, it faced copyright challenges but operated within legal boundaries by enabling file sharing.
In 2018, TRON, led by Justin Sun, acquired BitTorrent and integrated cryptocurrency into its ecosystem. TRON’s blockchain powers the BTT token, which added decentralized features to the platform.
What Makes BitTorrent Unique?
BitTorrent originally aimed to revolutionize how content is distributed, targeting inefficient and costly traditional networks. Under TRON, it appeals to cryptocurrency enthusiasts and its loyal user base by offering decentralized features like BitTorrent Speed, utilizing BTT tokens for rewards.
Additionally, BitTorrent now offers premium services, including VPN support and ad-free browsing, enhancing its appeal to users worldwide.
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