![]() In 2018, Justin Sun, Tron CEO, acquired BitTorrent with the intention to increase the degree of efficiency of the protocol by introducing a cryptocurrency token. We have already told the gist of BitTorrent’s pre-crypto phase, so let’s cut to the chase and focus on the thing that you are probably here for in the first place. It all started in 2001 with a man named Bram Cohen. all ERC-20 tokens work on the global Ethereum blockchain. If this sounds familiar, then that is because it is, as it functions just like e.g. Tron fits the plans due to being a smart contract-enabled blockchain, so connecting the BitTorrent to its network allowed coins to be minted as subsidiaries of the Tron’s blockchain. ![]() He has gone lengths to acquire the company back in 2018 and presented it with plans to integrate it into the cryptocurrency system and the associated blockchain. ![]() The core values of digital decentralization and freedom of sharing information without access limitations has caught the attention of the CEO of Tron, Justin Sun. Users only need to download a BitTorrent client to access the file sharing protocol, which then provides them with means to search for files and download them if the peers have made them available inside the protocol. In case you did not encounter this company before or have little working information about it, BitTorrent is a P2P (peer-to-peer) file sharing protocol that provides ubiquitous access to a decentralized network for users to share multimedia such as videos, texts, songs, apps, and every other form of digital data among themselves. However, as every other crypto coin, it can be freely traded and used for payments across a wide plethora of exchanges, industries, and services.Ħ.1) Related Reading BitTorrent? What is That? It provides prioritized network usage, faster downloads, more incentive to seeding files, as well as a decentralized file storage with a high degree of accessibility. The BitTorrent token (BTT) gains its value from its utility purpose. It was a resounding success that resulted in a network of more than 100 million users.Īfter it was acquired by Tron in 2019, this file sharing company put forward its own cryptocoin offering with clear intentions to integrate it into its sprawling file sharing network. Launched before the days of Bitcoin and cryptocurrency blockchains, this company established itself by forming a peer-to-peer network dedicated to sharing files without any sort of restrictions to the free flow of information. We will show you where and how to buy BitTorrent (BTT).īitTorrent is different from your average run-of-the-mill cryptocurrency as we can trace its roots to way before cryptocurrency was even a thing. With BitTorrent, the value of their cryptocoin rests on the file-sharing protocol empire. With the growth of digital currencies, more and more companies have launched their own cryptocurrencies as a means of supporting and upgrading their infrastructure. If you are an avid file sharing enthusiast and torrenting supporter, then you have probably heard about BitTorrent before, just perhaps not in the cryptocurrency market.
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