Bittorrent BTT

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What Is BitTorrent (BTT)?

nBitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralized in recent years.
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nOriginally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018.
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nSince 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.
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nAccording to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world.

Description

Who Are the Founders of BitTorrent?

nThe original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who himself has since become well known in the cryptocurrency arena.
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nCohen has explained that he designed BitTorrent to usurp the dated entertainment industry, which made obtaining material slow and expensive.
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nThe 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.
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nIn 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.
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nTRON 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.
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What Makes BitTorrent Unique?

nBitTorrent’s original goal was to disrupt the legacy entertainment industry and how consumers obtain content.
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nExpensive 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.
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nIn the early 2000s, BitTorrent became the go-to P2P file sharing platform, with TRON stepping in 2018.
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nUnder TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as to its own user base.
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nAmong the added features are BitTorrent Speed, which uses the BTT token as part of its operations.
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nBitTorrent has also branched out into paid services, offering several “premium” versions of its platform which include VPN capabilities and ad-free browsing.

Brand

Bittorrent

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