File sharing systems and algorithms have boomed in the past. When the Internet appeared, cloud storage and file-sharing systems did not exist. People used physical devices to share data with each other. As technology advanced, file sharing systems evolved and the age of physical devices was gone. Drives, dropbox have brought changes to storage. To share files, torrent took over the internet. Even though torrent has been exploited to allow more hacking to occur, the fact is that it has brought substantial changes to the network. A tracker is downloaded that connects clients to each other and allows them to download files.
What is BTT?
Now, what if this technology were introduced to the cryptocurrency market and the entire file-sharing process was decentralized? This is where BTT (BitTorrent) comes in. BTT is a trc-10 token that supports many different dApps working on 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 BTT work?
Enabling BTT allows for faster data downloads and also gives you BTT in the process. To start the process, the wallet must be downloaded and enabled in the client software. After that, you just have to download torrent and use the software as you normally would. The wallet would automatically offer BTT to allow for faster downloads. When the file is downloaded, users can earn BTT by seeding it. BitTorrent has enabled ad-free browsing and vpn services as part of its premium and paid services.
Tokenomics and current price
According to coinmarketcap, the circulating supply of BTT is around 660B BTT. BTT is ranked 56 by market capitalization. At the time of writing, BTT is trading at the price of $ 0.003058 with a decrease of almost 0.60% in the last 24 hours. The high and low today are $ 0.003107 and $ 0.002936 respectively. BTT had created its ATH in April 2021 and it reached a price of almost $ 0.013578. Since then, the price has not been able to recover what it had lost. In fact, this month's fall (around 27.57%) is enough to cancel what BTT had gained in the previous month. BTT can be traded on some of the biggest exchanges like Binance, Huobi, KuCoin.
