The stakers earn rewards in the proportion of their tokens locked, but the proposer earns an additional percentage. Holders of the BTT tokens on the BTTC mainnet can stake their tokens to become validators and earn rewards. Being a hub for smart contracts, the blockchain uses validators to ensure the accuracy of all transactions. What protocol it usesĬurrently, BTT cryptocurrency uses the proof-of-stake consensus mechanism to ensure the network's security. In December 2021, the developers launched the Bittorrent chain mainnet and redenominated BTT to expand its use cases and support more chains.
One year later, TRON developers launched the native token BTT using the TRC-10 standard on the blockchain. The ownership passed from Cohen to Justin Sun. In 2018, BitTorrent became the property of TRON through an acquisition. A brief history of BTT cryptocurrency.īram Cohen created the BitTorrent file-sharing platform in 2001. BitTorrent now has BITTOLD and BTT, which developers announced will exist together for some time. The chain goes by BTTC on Binance but still maintains BitTorrent-New or BTT on other crypto exchanges. It also positioned it to facilitate asset transfers in a decentralized manner. The launch of the Bittorrent chain BTTC in 2021 redenominated the token and expanded BitTorrent support for more blockchains, including Ethereum. It facilitates funds transfers and supports smart contract deployments. Some of its apps include BitTorrent speed, DLive, BitTorrent File System, etc.īTT is available on many exchanges in the crypto market, including MEXC, Binance, OKX, CoinW, and BTCEX. The utility token facilitates the operations of many decentralized finance protocols and apps.
The network is interoperable with other blockchains, including Binance Smart Chain and TRON.īTT is the native token based on the TRC-10 standard. What Is BitTorrent (BTT)Īccording to the developers, BitTorrent is the largest decentralized peer-to-peer communication protocol worldwide. But amid the chaos, BitTorrent cryptocurrency currently trades at $0.0000006796, indicating a 1.15% increase in 24 hours.īut what is BitTorrent price prediction from 2022, 2023, to 2030? Are analysts optimistic about a positive future price? Keep reading to learn expert BTT crypto price prediction. Since its launch in 2019, the utility token price has recorded dips and rallies.Ĭurrently, the cryptocurrency market is suffering an extended bearish trend with no hope of a reversal in the short term.
#Bittorrent crypto price prediction torrent
Many torrent enthusiasts have known the platform since 2001 as a hub for movies, music, books, etc.īut in 2018, TRON bought the torrent site and expanded its functionalities, adding more tools and releasing a native token, BTT. BitTorrent facilitates peer-to-peer file sharing in the crypto world.
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