BitTorrent is one of the Internet dinosaurs that not only survived the dot-com bubble, but has since then firmly established itself in the file sharing heaven. The functionality of the network, founded in 2001, sets it apart from many other projects.
Because it does not rely on an overarching central network, but rather establishes a decentralized sharing network for each file. It seems obvious to turn to blockchain to optimize operations.
Do you want to find out more about the BitTorrentToken (BTT)? Then take a look at the relevant BTC-ECHO ACADEMY entry.
BitTorrentToken (BTT): More efficiency in file sharing?
The file sharing system was acquired by TRON in 2018. The Initial Coin Offering (ICO) followed in 2019, in which the BitTorrent Token (BTT) was published. The team behind the project has issued 990 billion BTT. During the token sale, the project distributed six percent of the total supply. The token sale was considered a complete success. Within a very short period of time, 59.8 billion tokens worth the equivalent of $7.2 million were sold to investors. Since then, the team has been distributing new tokens via airdrop every month.
The BittorentToken (BTT) is a TRC-10 token, so it uses the TRON blockchain as a basis. It is therefore a second-layer token. Bittorent aims to use the token to make file sharing more efficient. The global file sharing economy is to be established and expanded through the use of tokens.
Do you want to find out more about the BitTorrentToken (BTT)? Then take a look at the relevant BTC-ECHO ACADEMY entry.
BitTorrent Token (BTT) incentivizes users
Users of the platform should also have the opportunity to incentivize each other using the token. Anyone who offers tokens ensures that their uploads and downloads are faster.
The whole thing takes place as part of BitTorrent Speed. This is a feature that optimizes the download and upload clients. When you use the feature, it automatically offers tokens to other users to optimize upload and download speeds. If you offer torrents yourself, the tables are turned and you can earn tokens yourself.
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