![]() After its quick success, Justin Sun wanted to improve TRON even more.Īs such, he purchased the BitTorrent program for $120 million. ![]() Launched by Justin Sun, TRON grabbed the attention of many investors immediately. In 2017, a new cryptocurrency that offered decentralized services was TRON (TRX). On the other hand, with the launch of Bitcoin, many other cryptocurrencies were emerging that offered more decentralized services than Bitcoin so that they had a chance to compete with the world’s first and biggest cryptocurrency. The goal of BitTorrent was to allow people to share files, movies, songs, and other entertainment material in an efficient way: fast and cheap. This P2P computer program had a very successful launch, despite various legal issues that were resolved throughout the years. It was created by American computer programmer Bram Cohen. Originally, BitTorrent was one of the first decentralized networks, which offered file sharing and other torrent services. So let’s begin with some background information for BTT. Serving as a native token for TRON (TRX), BitTorrent has become a much-needed asset for many people in 2021 so far.īut can the same be said about the BTT future? Is BTT a worthy investment or is it simply a token whose reputation can die out soon? To know the answer to these questions, it is necessary that you know the basics behind the BitTorrent project, what it tries to achieve, price history, as well as potential price factors. It is a file-sharing project and a torrent platform (as the name suggests). One famous peer-to-peer project the price of which has been increasing recently is BitTorrent (BTT). Its price has been volatile and it is expected to increase in the upcoming months and weeks.Ĭrypto prices have surged in 2021. And the token price after a few hours stabilized at the level of $ 0.00289.ĭespite the price not being very stable, analysts expect that the token will grow in the next year.Update: Decem– BitTorrent remains a preferred cryptocurrency for many investors. But by the end of the month, the gains were lost and the token went back to its support position of $0.00035.Īfter the launch date was announced on the 6th of December, BTT token price skyrocketed and its market cap grew from $2.2 billion to $3.1 billion in a matter of hours. The next months were full of updates, for instance, at the beginning of October the test network launch was announced and that influenced the price to grow a little. At the time the token started to stabilize its value and even reached $.00049 on September 5. This attracted even more attention to the asset from the developers, crypto enthusiasts, and investors.īut then the price started to drop steadily and the market was following bearish trends till the end of July. On April 5 on the wave of the crypto market uptrend, it reached an all-time high of $0.0142. Once BTT goes on mainnet old TRC-10 coins will be replaced with TRC-20.īTT token performed as one of the most active tokens of the crypto space. But the main idea of BTT is to create a limitless world where the exchange of content is easy and fast. It is mainly utilized by the developers of dApps. ![]() All the earned assets are stored in the integrated wallet.īitTorrent File System is a protocol and network implementation that offers a peer-to-peer mechanism of uploading and downloading digital content in a decentralized filing system. So the uploaders will get a possibility to earn the assets and will be motivated to seed the file longer. It also offers premium options such as VPN, no ad browsing, etc.īitTorrent Speed is a downloading client like uTorrent but with advanced options, in particular, downloaders will be able to offer tokens to the uploader to improve download speed. And as Bram Cohen thinks exchange of the information, in this case, should be fast and convenient. The initial idea of creating the project was to unload the entertainment industry that got overloaded with the data and became slow and cluttered.ĭespite the fact that the technology has seen a lot of criticism for pirating, Cohen replies that nothing illegal is happening as the users just exchange the content between themselves. As of now, BitTorrent is still considered to be the biggest decentralized P2P communication protocol. The project was originally created in 2001 by Bram Cohen but was bought by TRON blockchain in 2018 and got its own native BTT token after a year in 2019. The asset is used to power a number of dApps including BitTorrent Speed, BitTorrent File system, DLive, etc. BTT is a TRC-10 utility token implemented on the TRON blockchain that powers the most popular decentralized protocols and applications.
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