BitTorrent (BTT) Live Price

What is BitTorrent Token (BTT)?

BitTorrent is a utility token hosted on a peer-to-peer platform with increasingly decentralized protocols and applications. Typical examples of decentralized platforms powered by BTT include BitTorrent File Systems, BitTorrent Speed, DLive, and many more in the pipeline. 

History documents that BitTorrent was first released in July 2001 and later purchased by TRON, a popular blockchain platform, 17 years after in July 2018. Upon acquisition in 2018 by Tron Foundation blockchain for $140 million, BitTorrent has undergone several upgrades and advancements, including a dedicated native cryptocurrency token. Undoubtedly, BTT has been named the largest decentralized P2P communication in the world at the moment. 

Who are the Founders of BitTorrent?

Bram Cohen was the original founder of BitTorrent. As a famous developer and entrepreneur, Cohen designed BitTorrent to usurp the entertainment industry, significantly contributing to the slow and expensive acquisition of materials. BTT suffered numerous legal battles, especially on allegations relating to copyright laws, as it provides an avenue for users to exchange music, movies, and other files. 

Under Justin Sun as the founder of Tron Foundation, TRON was plugged in as a cryptocurrency, and its own blockchain technology was incorporated into BitTorrent. TRON was believed to be the initiator of incorporating cryptocurrency into BitTorrent, as BTT became a token on TRON’s blockchain. Subsequently, TRON added further decentralized feature to the platform as it is today. 

Why Is BitTorrent Unique?

When Cohen was developing BitTorrent, the original goal was the create a disruption in the entertainment industry. His main target was to create something that eliminates expensive and inefficient distribution networks, providing users with the opportunity of a peer-to-peer protocol to share entertainment files. 

BitTorrent is unique because other decentralized features were added upon acquisition by TRON. Some of these features include BitTorrent Speed, which utilizes the BTT token as part of its operations. Another unique feature is the branching out into paid services, providing several versions of its website, which includes ad-free browsing and VPN capabilities. 

How Is BitTorrent Network Secured?

According to BitTorrent, the highest levels of security measure have been deployed to ensure the security of funds. However, due to the risk associated with cryptocurrency generally, users are encouraged to protect themselves against theft in various forms, such as malware or other related programs. Biometric verification is also encouraged. 

Where Can You Buy BitTorrent?

BTT can be purchased in exchange for stablecoins, cryptocurrencies, and even fiat currencies on significant exchange platforms, including OKEs, Binance, and more. 

There you have it! Perhaps a few of the things you need to know about BitTorrent.