Founded in 2001, BitTorrent is a decentralised peer-to-peer (P2P) protocol that laid the foundational model for how decentralised P2P cryptocurrencies like Bitcoin work. BitTorrent was purchased by blockchain platform TRON in 2018. The BTT token is a TRC-10 utility token launched on the TRON blockchain that powers the BitTorrent network, as well as several Decentralised Applications (dApps) such as BitTorrent Speed, BitTorrent File System, and DLive. BitTorrent Speed gives downloaders the option of providing tokens to uploaders in exchange for faster download speed. BitTorrent File System is a decentralized filing system protocol that provides a p2p mechanism for storing and sharing digital content. The BTT token aims to build a token-based economy centred on the monetisation of computing power, bandwidth, storage and networking resources on the BitTorrent network.
Swyftx has ~4x lower spreads and ~2x cheaper trading fees when you buy BitTorrent, than our closest competitors.
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