BitTorrentBTTOLD to BTC

In the early 2000s, BitTorrent launched the software that provides file sharing over a peer-to-peer network, which was beneficial for music and movie lovers. Using this network, downloading and uploading is very easy instead of doing it from one server. BTT provides a simple but very effective file-sharing service.

BitTorrent is a Singapore-based foundation. After Sun acquired BitTorrent in 2018, a token would run on TRON protocol. In 2019, BitTorrent had launched two projects based on the file-sharing system names Project Atlas and BitTorrent Speed which encourage users by rewording BTT for bandwidth, faster downloading speed, and bandwidth. 

BitTorrent claimed that 100 million users from 138 countries are using BitTorrent services at a time

 

History of BitTorrent

Bram Cohen created The BTT in 2001. After some time, Justin Sun, the TRON CEO, purchased BTT with one plan to increase protocol efficiency by using cryptocurrency tokens. After that, he bought $140 million and launched the coin in ICO (Initial Coin Offering).

 

BitTorrent (BTT) is a token of TRON, which uses the TRC-10 token standard. The tokens are for those who pay for files sharing in BTT coin and those who keep files on the network. BitTorrent Inc is planning for more projects soon, such as a decentralized file storage project.

 

BitTorrent completed its ICO in the year 2019 and raised almost $7.2 million in 15 minutes. The initial price per coin was $0.00012. The market capitalization of BTT is $5.6 billion despite the price is very low. There are almost 660 million coins in circulation right now out of the 990 billion tokens. 19% of the total supply is allocated to the BitTorrent team, and 20% is given to the TRON foundation.

 

How does BitTorrent Token work?

This software joins users who are accessing the network to count file sharing requests. Transaction will start while asking for the file from the provider who hosts the files on their computer. 

Now, providers split the file into numerous pieces. Once the file requires a request sent to the file holders, receivers will get a piece of files from multiple providers.

 

How Many BitTorrent(BTT) Coins Are There In Circulation?

BitTorrent(BTT) is currently ranking #41 in the global crypto market. The circulating supply of 659.95(659,950,000,000.00) billion tokens is in circulation out of the total supply of 990.00(990,000,000,000.00) billion coins. There are 990.00(990,000,000,000.00) billion coins in maximum supply with the 24h trading volume. The overall market cap of BTT is around $3.03($ 3,033,388,997) billion and diluted market cap is almost $4.52($ 4,518,477,999) billion.   

 

Architecture of BitTorrent(BTT)

BTT file transactions are relayed on the Tron blockchain, which maintains the transactions of BTT. Once a bid is approved among requesters and service providers, Tron creates a payment gateway and provides micropayments as per the files they shared. After that, once you finalize the service, the payment will be settled down on the Tron blockchain platform.

 

How Do BitTorrent(BTT) Tokens Work?

Here, while you download a file from anywhere into your computers or smartphones, it will download directly from the servers into your devices. The file will be divided into small pieces in the BTT protocol, and the downloaded pieces will be shared with other users. The transfer process will be parallel among all the users. During this process, the speed will be dependent on the users who share and download the files. In a simple word, more participation means more channels and more downloading speed for each.

 

How to buy BitTorrent?

BTT token is available on every well-known exchange all around the world. Because of high returns and low risks, people all around the world started investing in cryptocurrencies. You can buy BTT with your fiat currency or convert your fiat currency into a stable cryptocurrency like USDT and BTT and then purchase BTT from converted pairs.

Start account opening process on any exchange where BTT is available. Nowadays, every exchange requires legal documents and KYC. 

Start depositing in your account with your debit & credit cards or other bank transfers to your wallet to buy BitTorrent.

Purchase BTT and complete your purchase and also find some wallet to store BTT. All steps will take approximately 15 minutes.

We are listing down some top exchanges where you can buy BTT without any hesitation. 

We are listing down some of the best and trustable exchanges where you can buy BTT.

• Binance
• Upbit
• OKEx
• Wazirx
• Coinone
• CoinEx
• HitBTC