Today's BitTorrent (BTT) Price Overview
BitTorrent (BTT) is currently priced at $0.0000006153**, with a 24-hour trading volume of **$9.82 million. Over the past 24 hours, BTT has shown 0.00% price movement. The circulating supply stands at 986.06 trillion BTT, with a maximum supply capped at 990 trillion BTT.
What Is BitTorrent (BTT)?
BitTorrent (BTT) is the native cryptocurrency of the BitTorrent Chain, a cross-chain interoperable blockchain. Initially launched as a peer-to-peer (P2P) file-sharing protocol, BitTorrent has evolved into a decentralized ecosystem leveraging blockchain technology.
Key Features:
- Dual-Token System: BTT (current) and BTTOLD (legacy).
- Cross-Chain Compatibility: Integrates with Ethereum, TRON, and BNB Chain.
- High Adoption: Over 2 billion users historically, with 100 million monthly active users.
Brief History of BitTorrent
Origins and Acquisition
- 2001: Bram Cohen designed the BitTorrent protocol.
- 2018: TRON (led by Justin Sun) acquired BitTorrent for $140 million.
- 2019: BTT token launched via ICO at $0.00012 per token.
Blockchain Transition
- December 2021: BitTorrent Chain launched, introducing a 1:1000 redenomination (increasing supply from 990B to 990T tokens).
- Legacy TRON-based tokens were rebranded as BTTOLD, while new tokens retained the BTT ticker.
How BitTorrent (BTT) Works
BitTorrent Chain enhances file-sharing efficiency by incentivizing users with BTT tokens.
Core Mechanisms:
File Distribution:
- Files are split into segments and distributed across multiple providers.
- Downloaders pay BTT for faster access.
BitTorrent Chain:
- Processes 7,000 TPS with <$0.01 transaction fees.
- Supports DeFi applications via Ethereum/TRON/BNB Chain bridges.
BTFS (BitTorrent File System):
- A decentralized storage solution using BTTOLD for payments.
Use Cases of BitTorrent (BTT)
Network Incentives:
- Earn BTT by sharing bandwidth/storage (BitTorrent Speed).
Staking & Governance:
- Validators stake BTT for rewards and vote on protocol upgrades.
dApp Payments:
- Gas fees for decentralized apps on BitTorrent Chain.
Third-Party Integrations:
- Compatible with DeBank, Gnosis Safe, and other DeFi tools.
FAQs About BitTorrent (BTT)
1. How is BTT different from BTTOLD?
BTT is the current native token of BitTorrent Chain, while BTTOLD is the legacy TRON-based token (used for BTFS).
2. Can I stake BTT?
Yes! Stake BTT to become a validator and earn rewards.
3. What’s the maximum supply of BTT?
990 trillion tokens.
4. Is BitTorrent Chain scalable?
Yes—it handles 7,000 TPS with near-instant confirmations.
5. Where can I use BTT?
For file-sharing incentives, DeFi, and governance on BitTorrent-linked platforms.
Disclaimer: Prices and data are dynamic—check real-time updates before trading.
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