BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform that has become increasingly decentralized in recent years. Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018. Since its acquisition, BitTorrent has added various new tools, including a dedicated native cryptocurrency token, BTT, which was released in February 2019. BTT was launched on TRONs own blockchain, using its TRC-10 standard. According to its official literature, BitTorrent is currently the largest decentralized P2P communications protocol in the world.

The original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who has since become well known in the cryptocurrency arena. Cohen designed BitTorrent to disrupt the dated entertainment industry, which made obtaining material slow and expensive. The platform has seen multiple legal battles, with Cohen maintaining that it does not break copyright laws in allowing users to share files such as music and movies among themselves. In 2018, TRON completed its acquisition of BitTorrent, bringing BitTorrent under the control of Justin Sun. Sun is notorious for his promotion of both TRON as a cryptocurrency and its blockchain technology. TRON is also behind the addition of cryptocurrency to BitTorrent, as the BTT token was released on TRONs blockchain. The move formed part of TRONs efforts to add further decentralized features to the platform.

BitTorrents original goal was to disrupt the legacy entertainment industry and how consumers obtain content. The platform targeted expensive and inefficient distribution networks, with the idea of allowing internet users to distribute content among themselves directly. In the early 2000s, BitTorrent became the go-to P2P file sharing platform, and with the involvement of TRON in 2018, it has expanded its user appeal to those interested in decentralized solutions and cryptocurrency. Among the added features are BitTorrent Speed, which uses the BTT token, and paid services that offer premium versions of the platform with VPN capabilities and ad-free browsing.

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BTT is BitTorrents native cryptocurrency, issued on TRONs blockchain as a TRC-10 standard token. The total supply, as stated in its whitepaper, is 990,000,000,000 BTT. 6% of that total was available in a public token sale, 2% in a private token sale, and 9% in a seed sale. Another 20.1% is reserved for airdrops, which are set to occur at various points until 2025. The BitTorrent team and the BitTorrent Foundation were awarded 19% of the supply. The TRON foundation holds 20%, with 19.9% going to the BitTorrent ecosystem itself. A final 4% of tokens are reserved for partnership activities. BTT plays various roles in BitTorrents products, including allowing users to pay others for faster downloads with BitTorrent Speed.

BitTorrent states that it employs the highest level of security measures to secure user funds but advises that cryptocurrency involves inherent risk. The company recommends that users protect themselves against theft, in the form of malware or similar programs, by using options such as biometric verification.

BTT is tradable for cryptocurrencies, stablecoins, and even fiat currencies on major exchanges. Binance, Huobi Global, and OKEx are among the offerings. To find out more about how to buy Bitcoin (BTC) or any other cryptocurrency, read BYDFis easy guide.

BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform that has become increasingly decentralized in recent years.

Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018.

Since its acquisition, BitTorrent has added various new tools, including a dedicated native cryptocurrency token, BTT, which was released in February 2019. BTT was launched on TRONs own blockchain, using its TRC-10 standard.

According to its official literature, BitTorrent is currently the largest decentralized P2P communications protocol in the world.

The original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who has also become well known in the cryptocurrency arena.

Cohen designed BitTorrent to disrupt the dated entertainment industry, which made obtaining material slow and expensive.

The platform has faced multiple legal battles, with Cohen maintaining that it does not violate copyright laws by allowing users to share files such as music and movies among themselves.

In 2018, TRON completed its acquisition of BitTorrent, bringing BitTorrent under the control of Justin Sun. Sun is notorious for promoting both TRON as a cryptocurrency and its blockchain technology, and he even bid $4.5 million at a charity auction to have lunch with Warren Buffett, a well-known anti-crypto figure, and discuss cryptocurrency with him.

TRON is also responsible for the addition of cryptocurrency to BitTorrent, as the BTT token was released on TRONs blockchain. This move was part of TRONs efforts to add further decentralized features to the platform.

BitTorrent's original goal was to disrupt the legacy entertainment industry and revolutionize how consumers obtain content.

The platform targeted expensive and inefficient distribution networks, with developer Bram Cohen recognizing the benefits of allowing internet users to directly distribute content among themselves.

In the early 2000s, BitTorrent became the go-to P2P file sharing platform, and TRON stepped in to acquire it in 2018.

Under TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as its existing user base.

Among the added features is BitTorrent Speed, which utilizes the BTT token in its operations.

BitTorrent has also ventured into paid services, offering several premium versions of its platform that include VPN capabilities and ad-free browsing.

BTT is BitTorrents native cryptocurrency, issued on TRONs blockchain as a TRC-10 standard token.

According to its whitepaper, the total supply of BTT is 990,000,000,000. Of that total, 6% was available in a public token sale, 2% in a private token sale, and 9% in a seed sale.

An additional 20.1% is reserved for airdrops, which will occur at various points until 2025. The BitTorrent team and the BitTorrent Foundation received 19% of the supply. The TRON foundation holds 20%, while 19.9% is allocated to the BitTorrent ecosystem itself.

The remaining 4% of tokens are reserved for partnership activities.

BTT serves various roles in BitTorrents products, including enabling users to pay others for faster downloads with BitTorrent Speed.

BitTorrent claims to employ the highest level of security measures to protect user funds, but advises that cryptocurrency involves inherent risk.

The company recommends that users safeguard themselves against theft, such as malware or similar programs, by utilizing options like biometric verification.

BTT can be traded for cryptocurrencies, stablecoins, and even fiat currencies on major exchanges. Binance, Huobi Global, and OKEx are among the platforms that offer BTT trading.

To learn more about buying Bitcoin (BTC) or any other cryptocurrency, read BYDFis easy guide.