Peers are the ones who want to download a file, and seeds are the ones sharing a file. To share a file in BitTorrent, peers, and seeds are needed. However, the first use of BitTorrent tokens was to improve the efficiency of the BitTorrent file-sharing program itself. As expected, it was one of the biggest and most successful ICO’s in the history of cryptocurrencies.īut what about the utility of BTT within the Tron blockchain? It was clear that the combination of one of the first decentralized projects (BitTorrent) and one of the youngest and most promising cryptocurrencies (TRON) would be a good match. The public ICO that occurred on the Launchpad platform in Binance, raised $7.2 million within 15 minutes.
The private ICO raised around $20 million. To ensure more funds for this new BTT token, Justin Sun held Initial Coin Offerings because he knew that a lot of people would buy BTT tokens because of BitTorrent’s reputation. When BTT was purchased by TRON, it received huge community attention. Moreover, BTT tokens are used as TRC-10 tokens in the TRON blockchain. Ever since the BitTorrent token was released, it has been widely used by traders as a trusted investment. When doing so, not only he acquired one of the biggest file-sharing programs in the world, but he also created a new native token for the TRON cryptocurrency, named in the same way, BitTorrent (BTT). 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.
#Bittorrent token price prediction torrent
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. Update: Decem– BitTorrent remains a preferred cryptocurrency for many investors.
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