Bittorrent (BTT) is a cryptocurrency token designed to enhance the world’s largest decentralized file-sharing network. Operating on the TRON blockchain using the TRC-10 protocol, BTT aims to create a more efficient and incentivized ecosystem for peer-to-peer content sharing.
Current BTT Market Data
As of the latest update, here is the key market information for Bittorrent (BTT):
- Current Price: $0.000001 USD
- 24-Hour Change: +0.06%
- 24-Hour High: $0.000001
- 24-Hour Low: $0.000001
- Trading Volume: $245.85K
- Circulating Supply: 659.95T BTT
- Market Capitalization: $406.41M
These figures are subject to frequent changes due to market conditions. For real-time updates, traders and enthusiasts often refer to trusted crypto data platforms.
What Is Bittorrent (BTT)?
Bittorrent is a widely-used peer-to-peer file-sharing protocol. With the introduction of the BTT token, the platform integrated blockchain technology to reward users who contribute resources like bandwidth and storage.
BTT serves as a utility token within the BitTorrent ecosystem, enabling microtransactions between content downloaders and seeders. This model encourages faster downloads and better overall network performance.
Key Features of BTT
- TRC-10 Standard: BTT is built on the TRON blockchain, benefiting from high throughput and low transaction costs.
- Incentivized Sharing: Users earn BTT for sharing files and contributing to network speed.
- Decentralized Application: BitTorrent is one of the oldest and most successful dApps in the world.
- High Supply: The token has a total supply of 990 trillion, with over 659 trillion currently in circulation.
Historical Performance
BTT reached its all-time high of $0.01368615 during a bullish crypto market phase. Conversely, its lowest recorded price was $0.00000037. The token was released on January 31, 2019, and isn’t mineable.
Its performance is influenced by overall market trends, adoption rates, and technological updates within the TRON and BitTorrent ecosystems.
How Bittorrent Token Works
BTT is used to facilitate transactions within the BitTorrent network. For example:
- Downloaders pay seeders in BTT for faster download speeds.
- Content creators can receive BTT tips or payments.
- Users can rent out storage or bandwidth in exchange for tokens.
The system uses a dual-layer architecture involving both off-chain and on-chain transactions for scalability. An integrated exchange mechanism allows smooth conversion between BitTorrent’s internal ledger and the public TRON blockchain.
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Use Cases and Ecosystem
BTT isn’t just a payment token—it’s central to BitTorrent’s vision of a decentralized internet. Use cases include:
- Content monetization
- Resource sharing incentives
- Micro-payments for cloud services
- Supporting decentralized applications (dApps) on TRON
Frequently Asked Questions
What is Bittorrent (BTT)?
BTT is a utility token used within the BitTorrent file-sharing network to incentivize and reward users for sharing bandwidth and storage. It operates on the TRON blockchain.
How can I earn BTT tokens?
You can earn BTT by seeding files, renting out storage, or participating in network activities. Some cryptocurrency exchanges also allow BTT trading.
Is Bittorrent a good investment?
Like all cryptocurrencies, BTT carries investment risks. Its value depends on market sentiment, adoption levels, and technological developments. Always do your own research and consider market conditions.
What is the total supply of BTT?
The maximum supply of BTT is 990,000,000,000,000 tokens, with about 659 trillion currently in circulation.
Can I mine BTT?
No, BTT is not mineable. It was distributed via initial offerings and is earned through network participation.
Where can I track BTT’s price?
Many cryptocurrency tracking websites offer real-time price data, historical charts, and volume information for BTT.
Conclusion
Bittorrent (BTT) combines a established file-sharing protocol with blockchain-based incentives. While its market performance has seen volatility, it remains a notable example of how token economies can enhance existing digital platforms.
Whether you're a investor, developer, or file-sharing user, understanding BTT’s role and mechanics can help you navigate its opportunities and risks.