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BitTorrent ( New ) Price (BTT)

₹ 0.0001373900 3.87 %

Low : ₹ 0.0001 High : ₹ 0.0001

Market Cap

₹125.82 B

3.6738 %

All Time High : ₹0.0003

All Time Low : ₹0.0000

Volume

₹3.27 B

Circulating Supply 968246000000000
Max Supply 990000000000000

BitTottent (BTT) Price Live Chart

BitTorrent (BTT)

BitTorrent, a renowned peer-to-peer (P2P) file-sharing and torrent platform, has witnessed a significant shift towards increased decentralization in recent years.

Initially launched in July 2001, BitTorrent entered the blockchain domain when it was acquired by the TRON platform in July 2018.

Under the stewardship of TRON, BitTorrent has undergone notable enhancements, introducing various tools and features. A noteworthy addition is its dedicated native cryptocurrency token, BTT, which was unveiled in February 2019. Operating on TRON's blockchain, BTT adheres to the TRC-10 standard for its implementation.

Described as the "largest decentralized P2P communications protocol" globally, as per official documentation, BitTorrent continues to advance its role as a leading player in the decentralized file-sharing and communication landscape. The incorporation of blockchain technology, coupled with the introduction of its native cryptocurrency token, exemplifies BitTorrent's commitment to staying at the forefront of decentralized technologies. This strategic evolution aims to provide users with innovative solutions for peer-to-peer communication and file sharing, solidifying BitTorrent's position in the ever-evolving decentralized ecosystem.

                      

FOUNDERS                                

BitTorrent, originally conceived by developer and entrepreneur Bram Cohen, emerged as a disruptive force against the sluggish and costly entertainment industry. Cohen designed BitTorrent as a solution to revolutionize the distribution of digital content, enabling users to efficiently share files like music and movies without the traditional limitations.

The platform, despite encountering multiple legal battles, has been steadfast in its stance that it does not violate copyright laws. It remains a popular avenue for users to share files among themselves legally.

In 2018, TRON successfully acquired BitTorrent, placing it under the control of Justin Sun, a prominent figure known for promoting TRON as a cryptocurrency and its blockchain technology. Sun's proactive advocacy is evident in actions such as bidding $4.5 million at a charity auction to engage in a cryptocurrency discussion over lunch with Warren Buffett, a well-known critic of the crypto industry.

TRON's influence extends to the integration of cryptocurrency into BitTorrent, marked by the release of the BTT token on TRON's blockchain. This strategic move aligns with TRON's broader initiative to infuse additional decentralized features into the BitTorrent platform, illustrating the ongoing evolution of both technologies under Sun's leadership.


What Makes BitTorrent Unique?

BitTorrent stands out due to its original mission to disrupt the traditional entertainment industry and transform how users acquire content. Addressing the inefficiencies of costly distribution networks, the platform, envisioned by developer Bram Cohen, advocates for direct content distribution among internet users.

In the early 2000s, BitTorrent emerged as the leading peer-to-peer (P2P) file-sharing platform, and in 2018, TRON entered the scene, expanding BitTorrent's reach and appeal. Under TRON's influence, BitTorrent has diversified its user base to include those interested in decentralized solutions and cryptocurrency.

Notable enhancements include BitTorrent Speed, leveraging the BTT token in its operations. This addition aligns with the platform's evolution towards incorporating blockchain technology and decentralized features.

BitTorrent's uniqueness extends to its foray into paid services, introducing "premium" versions that offer additional features such as VPN capabilities and ad-free browsing. This expansion not only caters to a broader audience but also reflects BitTorrent's adaptability and commitment to providing a diverse range of services to meet evolving user needs.


Network Security

BitTorrent emphasizes its commitment to employing "the highest level of security measures" to safeguard user funds within its network. However, the platform acknowledges the inherent risks associated with cryptocurrency transactions and advises users to exercise caution.

In light of potential threats, particularly theft facilitated by malware or similar programs, BitTorrent recommends proactive measures for user protection. One such recommendation is the utilization of biometric verification methods, providing an additional layer of security against unauthorized access and potential breaches.

By emphasizing the importance of user vigilance and suggesting protective measures, BitTorrent aims to empower its users to navigate the cryptocurrency space with a heightened awareness of potential risks and a commitment to personal security.


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