what is btt

1 year ago 78
Nature

BitTorrent (BTT) is a digital token based on the blockchain that powers some of the worlds most popular decentralized protocols and applications. BitTorrent itself is a software that connects parties accessing its network to compute file sharing requests. BTT is a TRC-20 utility token created on the Tron Network that powers features of the most popular decentralized protocols and applications in the world. DApps powered by BTT include BitTorrent Speed, BitTorrent File System, and DLive. With BitTorrent Speed enabled, downloaders have the option of providing tokens to uploaders in exchange for faster download speed. By introducing an incentive of earning BTT tokens, uploaders have a reason to seed files longer, and to dedicate more of their bandwidth and storage to other torrent clients in the network. BTT serves as a crypto torrent token in BitTorrent Speed and is responsible for powering a healthier BitTorrent protocol. BTT coins can be bought on centralized exchanges, such as Binance and Kraken, and DEXs, such as PancakeSwap and Uniswap.