The question of how many dollars was Bittorent, which is among the purchased coins and is closely followed by cryptocurrency followers, continues to be the subject of research. Bittorent has been affected by the sharp decline in the cryptocurrency market recently. So what is Bittorent, how many dollars was it?
WHAT IS BITTORENT?
Working in integration with the peer-to-peer file sharing protocol BitTorrent, which was launched in 2001, BTT can be used for faster file transfer. BTT, which can be used to increase the download speed of files shared on the peer-to-peer network, can also be earned in exchange for sharing (seed) downloaded files to other users.
In simpler terms, users can download files faster by paying BTT, and after the download is finished, they can earn BTT by sharing this file.
Bittorent, which fell to the lowest level of $ 0.02578 in the last 1 month, was traded at $ 0.1188.
WHO DEVELOPED BITTORENT?
BitTorrent, developed by Brad Cohen and David Harrison, became the company in 2004. In 2018, it was bought by the Tron company owned by Justin Sun, one of the familiar faces of the cryptocurrency ecosystem.
INFORMATION ABOUT BTT COIN
BTT’s first major application is to make the file sharing process in BitTorrent more efficient for users.
Sharing a file on BitTorrent involves several different peers, each downloading small pieces of a particular file from each other. Users who are the exact copies of the file are called seeds.
It was aimed to eliminate expensive and inefficient distribution networks as the original developer Bram Cohen saw the benefits of distributing content among internet users directly.
In the early 2000s, BitTorrent became the first referral P2P file-sharing platform, followed by TRON in 2018.
Under TRON, BitTorrent has increased its appeal to users by offering decentralized solutions in addition to its own user base and also reached users in the cryptocurrency space.
Among the added features is the BitTorrent Speed option, where the BTT token is used as part of the transactions.
BitTorrent also entered the paid services space by offering several “Premium” versions of its platform, including VPN features and ad-free search.
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.