Bittorrent.com is a popular peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralized in recent years. Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018. Since its acquisition, BitTorrent has added various new tools, with a dedicated native cryptocurrency token, BTT, released in February 2019. BTT was launched on TRON’s own blockchain, using its TRC-10 standard. According to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world.
Bittorrent.com Storage Key Points
|Circulating Supply||659.95B BTT|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
How it Works
Step 1 – Enable your wallet
BitTorrent Speed is a feature that extends the traditional experience of our Windows and Mac-based torrent clients. When downloading or upgrading to the latest version of µTorrent Classic for Windows, or BitTorrent or µTorrent Web, a digital cryptocurrency wallet and a BTT token balance will be automatically enabled.
Step 2 – Enjoy faster download speeds
When downloading torrents, BitTorrent Speed automatically bids BitTorrent (BTT) to other users for faster speeds. Just use the torrent program like normal, there is nothing else you need to learn or do.
Step 3 – Earn BTT
When a torrent file finishes downloading, your BitTorrent client can automatically earn BTT by seeding. The longer you seed torrents, the more BTT crypto torrent tokens you may be able to earn.
What Makes BitTorrent Unique?
Bittorrent.com original goal was to disrupt the legacy entertainment industry and how consumers obtain content.
Expensive and inefficient distribution networks were the main target, with original developer Bram Cohen seeing benefits in allowing internet users to distribute content among themselves directly.
In the early 2000s, BitTorrent became the go-to P2P file sharing platform, with TRON stepping in 2018.
Under TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as to its own user base.
Among the added features are BitTorrent Speed, which uses the BTT token as part of its operations.
BitTorrent Coin has also branched out into paid services, offering several “premium” versions of its platform which include VPN capabilities and ad-free browsing.
Tokenizing the world’s largest decentralized file sharing protocol with BTT
BTT is a TRC-10 utility token based on the blockchain that powers features of the most popular decentralized protocols and applications in the world. DApps powered by BTT include BitTorrent Speed, BitTorrent File System, DLive, and others in the pipeline.
Get faster download speeds and BTT token rewards. BitTorrent Coin Speed is available as a feature of BitTorrent and µTorrent Web, as well as µTorrent Classic. With BitTorrent Speed enabled, downloaders will have the option of providing tokens to uploaders in exchange for faster download speed.
By introducing an incentive of earning BTT tokens, uploaders have a reason to seed files longer, and to dedicate more of their bandwidth and storage to other torrent clients in the network. BTT, which serves as a crypto torrent token in BitTorrent Speed, is responsible for powering a healthier BitTorrent protocol.
Who Are the Founders of BitTorrent?
The original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who himself has since become well known in the cryptocurrency arena.
Cohen has explained that he designed BitTorrent to usurp the dated entertainment industry, which made obtaining material slow and expensive.
Bittorrent.com platform has seen multiple legal battles, with Cohen maintaining that it does not break copyright laws in allowing users to share files such as music and movies among themselves.
In 2018, TRON completed its acquisition of BitTorrent, bringing BitTorrent under the control of Justin Sun. Sun is notorious for his plugging of both TRON as a cryptocurrency and its blockchain technology, bidding $4.5 million at a charity auction to have lunch with Warren Buffett (well-known anti-crypto figure) and discuss cryptocurrency with him.
TRON is also behind the addition of cryptocurrency to BitTorrent, as the BTT token was released on TRON’s blockchain. The move formed part of TRON’s efforts to add further decentralized features to the platform.
How Is the BitTorrent Network Secured?
BitTorrent says that it employs “the highest level of security measures” in order to secure user funds, but advises that cryptocurrency involves inherent risk.
The company recommends that users protect themselves against theft, in the form of malware or similar programs, by using options such as biometric verification.
Where Can You Buy BitTorrent (BTT)?
BTT is tradable for cryptocurrencies, stablecoins and even fiat currencies on major exchanges. Binance, Huobi Global and OKEx are among the offerings.
Earnings dashboard and encrypted wallet, all in one.
Bittorrent.com Track and manage your earnings and improved download speed in one place.
Monitor your BTT assets in the encrypted Wallet. Send or receive tokens with a simple click.
Easy to use
The benefits of BitTorrent Coin Speed are automated, including token bidding for faster downloads and BTT token rewards. There is nothing new you need to learn.
Not interested in earning tokens with BitTorrent Speed? You can keep using your existing client, as it’s fully compatible with the new generation of BitTorrent Speed enabled torrent clients.
Bittorrent.com blockchain does not need your computer resources to process transactions, so BitTorrent applications will never mine.
Free to use
Despite the addition of BitTorrent Speed, the family of BitTorrent products will always be free for everyone to use.
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