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BitTorrent

BTT

  • Layer1
  • Infra
Operating Status
Active
Ecosystem
BNB Chain
BitTorrent is a popular peer-to-peer file-sharing protocol that enables users to freely share data and large files, such as movies, programs, and audio files, over the internet. BitTorrent was launched in 2001 and, despite not being blockchain-based, has long been a pioneer in decentralized technology due to its peer-to-peer architecture. BitTorrent Inc. was formed in 2004 to manage the ongoing development of the protocol, and in 2018, it was acquired by Justin Sun, the founder of Tron. In February 2019, BitTorrent released a dedicated native token, BTT, to help expand its protocol and incentivize the network's participants. In December 2021, BitTorrent announced the launch of BitTorrent Chain, which is a heterogeneous cross-chain interoperability protocol. It adopts PoS and leverages sidechains for the scaling of smart contracts.

Financial Portfolio

Funding

IEO
0 Investors
$7.2 M

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    Frequently Asked Questions

    What Is BitTorrent (BTT)?

    BitTorrent is a popular peer-to-peer ([P2P](https://coinmarketcap.com/alexandria/glossary/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](https://coinmarketcap.com/alexandria/glossary/blockchain) platform [TRON](https://www.coinlive.com/coin/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.