How Torrent Evolved – BitTorrent (BTT)
File sharing systems and algorithms have experienced a boom in the past. When the internet arrived, cloud storage and file sharing systems did not exist. People were using physical devices to share data with each other. As technology has progressed, file sharing systems have evolved and the age of physical devices has passed. Readers, drop boxes have made changes to storage. For file sharing, torrent has taken over the internet. Even though torrent was exploited to allow more hacking, the fact remains that it made substantial changes to the network. A tracker is downloaded which connects clients to each other, allowing them to download files
What is BTT?
Now what if this technology was introduced to the crypto market and the whole file sharing process was decentralized. This is where BTT (BitTorrent) comes in. BTT is a trc-10 token that supports the operation of many different dApps on the Tron network such as BitTorrent Speed, BitTorrent File System (p2p file sharing system) , DLive (streaming community). BitTorrent was acquired by Tron in 2018.
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How does the BTT work?
Enabling BTT enables faster data downloads and also provides you with BTT in the process. To start the process, the wallet must be downloaded and activated in the client software. After that, you just need to download torrent and use the software as you normally would. The wallet would automatically bid on BTT to allow faster downloads. When the file is uploaded, users can earn BTT by sowing it. BitTorrent has allowed ad-free browsing and VPN services as part of its paid and premium services.
Tokenomics and current price
According to coinmarketcap, the circulating supply of BTT is around 660 billion BTT. BTT ranks 56th by market capitalization. At the time of writing this article, BTT is trading at a price of $ 0.003058 with a decline of almost 0.60% in the past 24 hours. The maximum and minimum today are $ 0.003107 and $ 0.002936 respectively. BTT had created its ATH in April 2021 and had reached a price of close to $ 0.013578. Since then, the Prize has not been able to recover what it had lost. In fact, this month’s drop (around 27.57%) is enough to cancel out what BTT had earned the month before. BTT can be traded on some of the biggest exchanges like Binance, Huobi, KuCoin.