BitTorrent (BTT) is a cryptocurrency operating on the Tron blockchain, designed to tokenize BitTorrent—the world's largest decentralized file-sharing protocol. Ranked among the top 50 cryptocurrencies by CoinMarketCap, BTT aims to revolutionize peer-to-peer file sharing by incentivizing users with crypto rewards.
This comprehensive guide explores BTT’s history, technical foundations, trading platforms, storage solutions, market value, and future potential.
History of BitTorrent (BTT)
BitTorrent Inc., founded in 2001 by Bram Cohen, pioneered decentralized file sharing via a peer-to-peer (P2P) protocol. The platform enables users to fragment large files for efficient distribution, reassembling them upon download.
Users as Seeds & Peers:
- Seeds: Share full file copies, maintaining network integrity.
- Peers: Download files in fragments.
- Traffic Impact: BitTorrent handles ~20% of global upstream traffic.
In 2018, Justin Sun’s Tron Foundation acquired BitTorrent for $127 million. By January 2019, BTT’s ICO raised **$7.2 million, selling 60 billion tokens at $0.00012 each. Early investors saw 800% returns** within days.
How BitTorrent (BTT) Works
- Token Type: TRC-10 token on Tron’s blockchain.
- Consensus Mechanism: Delegated Proof-of-Stake (DPoS).
- Incentives: Seeds earn BTT for sharing files—no mining required.
- Total Supply: 990 billion BTT (659 billion in circulation as of 2020).
Distribution Breakdown:
| Category | Share |
|----------------------|----------|
| Seed Round | 9% |
| Developers | 19% |
| Tron Foundation | 20% |
| User Incentives | 19.9% |
Where to Buy & Trade BTT
BTT is available on major exchanges like Binance, Huobi, and OKEx. Key trading pairs include:
| Exchange | USDT | TRX | BTC |
|---------------|---------|--------|--------|
| Binance | ✅ | ✅ | ❌ |
| Huobi Global | ✅ | ✅ | ✅ |
👉 Buy BTT on leading crypto platforms
Storing BTT: Wallet Options
Since BTT lacks native wallets, use Tron-compatible options:
Hot Wallets:
- Tron Wallet (Chrome/iOS/Android).
- Trust Wallet, Exodus.
Cold Storage:
- Ledger Nano S.
BitTorrent’s Roadmap & Future Outlook
2020-2021 Goals:
- Integrate BTT into BitTorrent clients.
- Achieve 99.99% uptime for BTFS (BitTorrent File System).
- Launch Host WebUI.
Price Predictions:
- Potential partnerships with Netflix/Amazon could drive prices to $0.008.
- Experts forecast BTT entering the Top 10 cryptos within 5 years.
FAQs
1. Can I mine BTT?
No—BTT uses DPoS; users earn tokens by seeding files.
2. What’s BTT’s max supply?
990 billion tokens, with ~660 billion currently circulating.
3. Is BTT a good investment?
While volatile, its integration with BitTorrent’s vast network offers long-term potential.
👉 Explore BTT trading strategies
Conclusion
BTT merges blockchain with P2P file sharing, rewarding users for participation. With Tron’s backing and ambitious ecosystem plans, BTT presents a compelling case for crypto enthusiasts.
Key Takeaways:
- Incentivized seeding model.
- High liquidity on major exchanges.
- Growth potential via media partnerships.