What is BitTorrent (BTT) Coin
Many internet users today are familiar with the BitTorrent peer-to-peer protocol invented by Bram Cohen that powers the torrent clients used around the world.
BitTorrent Token (BTT) is a TRC-10 token running on the Tron Network. With the BitTorrent token (BTT), the BitTorrent team provides a distributed infrastructure platform to third-party app developers, enabling consumers to continuously contribute small amounts of value from their devices by allowing others to make use of their spare resources.
The addition of the BTT token attemps to extand the familiar protocol to create a token-based economy for networking, bandwidth, and storage resources on the existing Bittorrent network, providing a way for network participants to “capture the value of sharing bandwidth and storage”.
In the existing BitTorrent infrastructure, users of torrent clients often faces challenges such as slow downloads and files that become unavailable over time. By creating monetary incentives for users to share, the token can enable faster download speeds and better swarm longevity for the entire network.
Total DAU across all BitTorrent products is currently ~25M while the total MAU is ~100M. In the team’s market share analysis, BitTorrent clients comprise about 50% of globally active torrent clients.
- BitTorrent is one of the world’s largest decentralized file sharing protocol in the world by number of users. The BitTorrent peer-to-peer protocol was invented by Bram Cohen, released in July 2001, and has powered torrent clients used around the world since then.
- The BitTorrent token is a TRC-10 token on the Tron blockchain. The BTT token intends to build a token-based economy for networking, bandwidth, and storage resources on the existing BitTorrent network, e.g., it attempts to provide a way for network participants to “capture the value of sharing bandwidth and storage”.
- Decentralized applications powered by BTT include BitTorrent Speed, BitTorrent File System, DLive, with others planning to support the token.
How To Buy BitTorrent (BTT) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Btt coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy BitTorrent coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a BitTorrent (BTT) Coin
BitTorrent (BTT) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
BitTorrent (BTT) Coin Review
You can learn more about BitTorrent (BTT) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://www.bittorrent.com/coin/btt/ Whitepaper https://www.bittorrent.com/btt/btt-docs/BitTorrent_(BTT)_White_Paper_v0.8.7_Feb_2019.pdf Github https://github.com/bittorrent Telegram https://t.me/BTTBitTorrent Discord https://discord.com/invite/JPUTmw2