Exchange BitTorrent (BTT)

The BitTorrent protocol facilitates the file exchange between untrusted parties. It applies blockchain technology to allow for collaborations between those parties for much longer periods of time. Thanks to the experience and ecosystem of Tron Network it became possible to integrate blockchain into the BitTorrent services. The BTT token is a product of the collaboration between Tron Foundation and BitTorrent foundation. The long vision of the project is to broaden the usage of BitTorrent beyond its current usability and offer developers a distributed infrastructure platform for third-party app developers. It aims to become the largest decentralized file-sharing platform in the world.

BitTorrent distributed peer-to-peer protocol was developed and introduced back in 2001 by Braham Cohen. It eliminates the need for a central server for transferring the big files across the web. In 2018 the project was bought by Tron Foundation. From that time the protocol started to develop new features, including the BTT token, launched in 2019. 

Since the day it was launched, the BitTorrent protocol has seen many battles with Cohen avoiding any claims of violating the copyrights when the users exchange files such as movies and songs. Accession to Tron facilitated the further decentralization of the platform. Moreover, the protocol has expanded in users interested in decentralized solutions and crypto other than its own user base. 

The new Bittorent web and mobile apps are incorporated with the crypto wallet. It also got some new paid options, for example, a premium version of the same product with VPN and ad-free browsing. 

New crypto features of BitTorrent are needed to allow the protocol participants to capture the value of shared bandwidth. For instance, the Bit Torrent Speed will make users give cryptographic token incentives to each other, so the seeding of the files will continue even when the user downloaded the necessary file. In exchange for the proof that the files are available for others the participants will be able to trade the tokens. 

New extensions of the BitTorrent protocol will let users publish their bids inside the swarm and trade the token to prioritize continuous access to the seeds, so they will be available for a longer time, providing everyone with faster downloads. 

BitTorrent aims to expand the number of participants, such as service providers, and service requesters united by a system for storage and exchange of value. The team also plans to govern the membership and participation standards and create a level playing field, so everyone can engage in the terms of equality. 

BTT is a TRC10 utility token powering features of the most popular decentralized protocols and applications in the world, including BitTorrent File System, DLive, and others. The token has a total supply of 990 billion. 6% of the supply was distributed for the public token sale, 2% was allocated to a private sale and 9% was distributed through a seed sale. 

The BTT token is considered one of the fast-growing assets of the coming Web3 era. It is used to denominate transactions for the received services. The users can earn BTT tokens by leaving the downloaded files in the uTorrent or BitTorrent client for seeding. 

BTT can be purchased from the major exchanges, including Huobi Global, Binance, OKEx, etc.