What drives BTT

BitTorrent is a popular peer-to-peer (P2P) file sharing developed by Bram Cohen. It is used for uploading and downloading files via the BitTorrent protocol. BitTorrent was the first client written for the protocol. It is often nicknamed Mainline by developers, denoting its official origins. Since version 6.0, the BitTorrent client has been a rebranded version of μTorrent. As a result, it is no longer open source and is currently available for Microsoft Windows and Mac OS X. BitTorrent platform has become increasingly decentralized in recent years.

Rainberry, Inc., formerly known as BitTorrent, Inc., is an American company that is responsible for the ongoing development of the BitTorrent peer-to-peer protocol, as well as the ongoing development of μTorrent and BitTorrent Mainline, two clients for that protocol. Files transferred using the BitTorrent protocol constitute a significant slice of all Internet traffic. At its peak, 170 million people used the protocol every month, according to the company's website. The company was founded on September 22, 2004 by Bram Cohen and Ashwin Navin. In 2018, BitTorrent was acquired by cryptocurrency startup TRON, and Bram Cohen left the company.

Since its acquisition, BitTorrent has added various new tools, with a dedicated native cryptocurrency token, BTT, released in February 2019. BTT was launched on TRON’s own blockchain, using its TRC-10 standard.

According to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world.

Who Are the Founders of BitTorrent?

The original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who himself has since become well known in the cryptocurrency arena. Cohen has explained that he designed BitTorrent to usurp the dated entertainment industry, which made obtaining material slow and expensive.

The platform has seen multiple legal battles, with Cohen maintaining that it does not break copyright laws in allowing users to share files such as music and movies among themselves.

In 2018, TRON completed its acquisition of BitTorrent, bringing BitTorrent under the control of Justin Sun. Sun is notorious for his plugging of both TRON as a cryptocurrency and its blockchain technology, bidding $4.5 million at a charity auction to have lunch with Warren Buffett (well-known anti-crypto figure) and discuss cryptocurrency with him.

TRON is also behind the addition of cryptocurrency to BitTorrent, as the BTT token was released on TRON’s blockchain. The move formed part of TRON’s efforts to add further decentralized features to the platform.

What Makes BitTorrent Unique?

BitTorrent’s original goal was to disrupt the legacy entertainment industry and how consumers obtain content. Expensive and inefficient distribution networks were the main target, with original developer Bram Cohen seeing benefits in allowing internet users to distribute content among themselves directly.

In the early 2000s, BitTorrent became the go-to P2P file sharing platform, with TRON stepping in 2018. Under TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as to its own user base. Among the added features are BitTorrent Speed, which uses the BTT token as part of its operations. BitTorrent has also branched out into paid services, offering several “premium” versions of its platform which include VPN capabilities and ad-free browsing.

BTT Live Price Data

The live BitTorrent price today is $0.004058 USD with a 24-hour trading volume of $819,953,013 USD. We update our BTT to USD price in real-time. BitTorrent is up 1.90% in the last 24 hours. The current CoinMarketCap ranking is #63, with a live market cap of $2,678,298,485 USD. It has a circulating supply of 659,952,625,000 BTT coins and the max. supply is not available.

BTT Services

BitTorrent Speed: Get faster download speeds and BTT token rewards.

BitTorrent Speed is available as a feature of BitTorrent and µTorrent Web, as well as µTorrent Classic. With BitTorrent Speed enabled, downloaders will have the option of providing tokens to uploaders in exchange for faster download speed. By introducing an incentive of earning BTT tokens, uploaders have a reason to seed files longer, and to dedicate more of their bandwidth and storage to other torrent clients in the network. BTT, which serves as a crypto torrent token in BitTorrent Speed, is responsible for powering a healthier BitTorrent protocol. When a torrent file finishes downloading, you can automatically earn BitTorrent (BTT) by seeding. The integrated wallet allows for secure storage of your BTT, which you can send to other wallets.

Frequently asked questions

What is BTT all-time high?

BitTorrent's all-time high is $0.013566. This ATH was reached on April 4th 2021. BitTorrent price needs to rise 242.17% to reach a new all-time high. It has a circulating supply of 659.07B BTT with a total supply of 990B BTT.

Does BitTorrent have a future?

Indeed yes. Since the currency is just a few years old, its performance will be quite bullish, say at least for 3 years price rise is guaranteed. The movement of BitTorrent can be tracked diligently based on technical analysis

Is BitTorrent a good investment?

According to many crypto experts, BitTorrent Coin is an underrated coin and has a huge potential for price hikes. Though it is difficult to make predictions in respect of crypto prices some crypto experts have predicted that BTT Coin may rise up to $ 0.010 by the end of the year 2021