What Is BitTorrent (BTT)?
Launched in 2019 by the BitTorrent Foundation, BitTorrent (BTT) is a utility token designed to facilitate peer-to-peer (P2P) file-sharing transactions. With a total supply of 990 billion, BTT enables users to pay content hosts in cryptocurrency, incentivizing faster downloads and decentralized file-sharing. Built on the TRON blockchain (TRC-10 protocol), BTT integrates token functionality into BitTorrent’s ecosystem, powering applications like:
- BitTorrent Speed (reward-based acceleration)
- BitTorrent File System (decentralized storage)
- DLive (live-streaming platform)
The project aims to disrupt traditional media distribution by enabling seamless, middleman-free transactions for large files (e.g., apps, movies, podcasts).
How Does BitTorrent (BTT) Work?
BTT leverages the TRON blockchain to embed cryptocurrency payments directly into BitTorrent’s P2P network. Key features include:
- Tokenized Incentives: Seeders earn BTT for sharing files, while downloaders tip for faster access.
- Decentralized Architecture: Eliminates reliance on centralized servers, reducing hosting costs for creators.
- Speculative Trading: BTT’s price fluctuates based on demand, network activity, and broader crypto market trends.
👉 Explore TRON blockchain integrations
In 2021, BTT hit an all-time high (ATH) price of $0.01068, driven by adoption and TRON’s ecosystem growth.
Who Are the Founders of BitTorrent?
- Bram Cohen: Created the BitTorrent protocol (2001) and co-founded BitTorrent, Inc. (2004).
- Justin Sun: TRON founder who acquired BitTorrent in 2018, launching BTT to expand decentralized file-sharing.
Today, BitTorrent handles 22% of global upstream P2P traffic, making it the world’s largest decentralized file-sharing network.
BitTorrent Token (BTT) Circulation
BTT’s max supply (990 billion tokens) is fully circulating, distributed via:
- Public Sales (6%): Initial offerings via Binance Launchpad.
- Ecosystem Funds (40%): Allocated to BitTorrent/TRON foundations.
- Airdrops (20%): Scheduled through 2025.
Price Influencers:
- Adoption: Usage in BitTorrent’s DApps.
- Market Sentiment: Crypto volatility and TRON’s developments.
👉 Track BTT’s live price trends
FAQs About BitTorrent (BTT)
1. Can I mine BTT?
No—BTT is a TRC-10 token, meaning it’s pre-mined and distributed via staking or airdrops.
2. Where can I buy BTT?
Major exchanges like OKX, Binance, and KuCoin list BTT for trading against USDT or BTC.
3. What’s BTT’s utility?
Primarily used to tip content sharers, accelerate downloads, and access decentralized storage on BitTorrent’s ecosystem.
4. Is BTT a good investment?
Like all cryptocurrencies, BTT carries risk. Research network adoption and TRON’s roadmap before investing.
Key Takeaways
- BTT bridges P2P file-sharing with crypto payments.
- TRON’s blockchain underpins its tokenomics.
- Speculative value hinges on BitTorrent’s DApp growth.
For real-time charts and trading, visit OKX’s crypto hub.