Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
BitTorrent [New]

coin.price_trendingBTT

focusIcon
subscribe
coin.quote_currency:
USD

coin.calculator

coin.calculator_tips
BTT
VectorImg
USD
1 BTT = 0.{6}8531 USD
coin.update_time(UTC-0)
coin.buy_coin

technical.price_summary.title

coin.price_live_data

technical.price_summary.p1

technical.price_summary.a1

technical.price_summary.p2

technical.price_summary.a2
profit_calculator.calculate_tokenname_profit

coin.prediction

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

rating.title_new

rating.from
4.6
rating.person
rating.des

coin.about_title

What is BitTorrent?

BitTorrent is a peer-to-peer (P2P) file-sharing protocol that allows users to distribute digital files over the internet. Unlike traditional methods where you download files from a single central server, BitTorrent shares the downloading load among multiple computers. This approach speeds up downloads and lowers the costs associated with hosting large files. Popular for sharing large files like movies, games, and software, BitTorrent has been a go-to solution since its creation by Bram Cohen in 2001. In 2019, a new cryptocurrency called BitTorrent Token (BTT) was introduced after Justin Sun acquired the protocol in 2018.

Resources

Official Whitepaper: https://www.bittorrent.com/btt/btt-docs/BitTorrent_(BTT)_White_Paper_v0.8.7_Feb_2019.pdf

Official Website: https://bt.io/

How Does BitTorrent Work?

BitTorrent operates without a central server, using a decentralized framework. Files to be shared are broken into smaller pieces, making it easier to download them. Here's a simplified step-by-step breakdown:

- Torrent File: The process begins with a small 'torrent' file, which contains metadata about the digital file you want to download. This torrent file is often downloaded from a website and loaded into a BitTorrent client (software).

- Tracker and Peers: The BitTorrent client contacts a 'tracker' specified in the torrent file. The tracker is a server that keeps a list of all computers ('peers') that are sharing the specific file.

- Swarm: All the peers that are sharing the pieces of the file create a 'swarm.' Your BitTorrent client will connect to multiple peers in this swarm to download different pieces of the file.

- Seeders and Leechers: Within the swarm, 'seeders' are the ones who have a complete copy of the file and are only uploading data. 'Leechers' are those who are still downloading the file. The more seeders there are, the faster the download speed generally is.

- Piece Download: The BitTorrent client downloads multiple pieces of the file simultaneously from different peers. Once a piece is downloaded, the client also starts uploading that piece to help others in the swarm.

- File Completion: Once all pieces are downloaded, the BitTorrent client reassembles them to form the complete file, making it accessible for use.

What is BitTorrent (New) Token (BTT)?

BitTorrent Token (BTT) is a cryptocurrency developed to improve the BitTorrent protocol. Introduced in 2019, the token aims to incentivize users to seed files for longer periods, thus enhancing the network's speed and efficiency. Users can earn BTT by seeding files, and they can spend the tokens to accelerate download speeds or access premium features. BTT integrates blockchain">blockchain technology into the BitTorrent network to provide a secure and transparent way of compensating users for contributing to the network's performance.

Which Factors Affect BitTorrent (New) Token (BTT) Price?

The price of BitTorrent Token (BTT) is influenced by a variety of factors similar to other cryptocurrencies. Market sentiment, adoption rates, and technological developments within the BitTorrent ecosystem can have a significant impact on BTT's valuation. Regulatory news concerning cryptocurrencies can also sway investor sentiment and, therefore, price. Additionally, the utility of BTT within the BitTorrent network—for example, its use in enabling faster download speeds—can affect demand and, consequently, its price. It's also worth noting that BitTorrent's partnerships, or the lack thereof, with other technological platforms and the broader adoption of the BitTorrent protocol can indirectly influence BTT's market value.

Another crucial factor affecting the price of BTT is the overall condition of the cryptocurrency market, as BTT often moves in correlation with the larger market trends set by major cryptocurrencies like Bitcoin and Ethereum. Economic factors, such as inflation rates and interest rates, can also have an indirect impact on BTT price, as they influence investor behavior in the broader financial markets. Finally, speculative trading often contributes to short-term price volatility, driven by traders aiming to capitalize on price swings. Given that the cryptocurrency market is still relatively young and less regulated, BTT is subject to high volatility, making it susceptible to rapid price changes due to the aforementioned factors.

BitTorrent's Impact on Finance

BitTorrent has evolved from a file-sharing platform into a financial instrument with the introduction of BTT. This cryptocurrency has created a token-based economy within the BitTorrent ecosystem, offering both new investment opportunities and challenges. BTT is tradable on various cryptocurrency exchanges, turning it into a financial asset.

Conclusion

Though BitTorrent began as a tool for sharing digital files, its impact on financial systems is becoming increasingly significant. From democratizing content distribution to introducing a tradable cryptocurrency and providing a testbed for decentralized financial systems, BitTorrent has implications that financial analysts, investors, and regulators are just beginning to explore.

technical.performance.title

coin.24Hcoin.7dayscoin.30dayscoin.90dayscalculator.common.one_yearcoin_market.all_time
-3.97%-4.34%-6.19%+6.85%+82.28%-99.29%

technical.history.title

technical.history.coin_code_price
coin_market.timecoin.lowcoin.high
24h$0.{6}8482$0.{6}8887
7d$0.{6}8482$0.{6}9138
30d$0.{6}8482$0.{6}9670
90d$0.{6}6470$0.{5}1069
1y$0.{6}4464$0.{5}2184
coin_market.all_time$0.{6}3657(2023-10-13, coin_market.years_ago )$0.{5}3054(2022-01-18, coin_market.years_ago )

coin.market_info

coin_market.cap
$825,984,169.43
-3.97%
coin_market.fully_cap
$844,541,537.78
-3.97%
coin_market.volume_24h
$16,332,815.5
-13.72%
coin_market.market_raking
coin_market.circula_rate
+97.00%
coin_market.volume_cap
0.0197
coin_market.circula_supply
968,246,400,000,000 BTT
coin_market.total_max_supply
990T BTT
-- BTT
calculator.faq_btn

coin.how_to_buy

calculator.htb.step1_title

calculator.htb.step1_title

calculator.htb.step1_des
calculator.htb.step2_title

calculator.htb.step2_title

calculator.htb.step2_des
calculator.htb.step4_title

calculator.htb.step4_title

calculator.htb.step4_des

coin.excellent_traders.title

coin.excellent_traders.p
SunPump Memecoin Frenzy Boosts Tron’s Quarterly Revenue to Record $151M: Messari
SunPump Memecoin Frenzy Boosts Tron’s Quarterly Revenue to Record $151M: Messari

There has been a 487% increase in Tron’s DeFi transactions during Q3.

CryptoNews2024-10-18 11:00
Who will lead the decentralized storage market? An in-depth analysis of technology, privacy and incentive mechanisms
Who will lead the decentralized storage market? An in-depth analysis of technology, privacy and incentive mechanisms

This article takes a deep dive into the competitive landscape of decentralized storage, providing a comprehensive analysis of key features, performance metrics, and community adoption trends.

BlockBeats2024-10-17 03:37

faq.name

Is BTT a good investment?

Considering an investment in the BitTorrent Token can diversify your crypto holdings, especially if you value blockchain projects with tangible real-world utility. As a pioneering P2P file-sharing service, the BitTorrent protocol has multiple practical applications, elevating the intrinsic value of its native BTT token. As the BitTorrent team introduces more ways to capitalize on its token-centric ecosystem, including unveiling fresh BTT use cases or enhancing benefits for its user base, the value of the token could rise. The trajectory of BTT's price can also be influenced by the broader crypto market's sentiment. A bullish atmosphere can elevate demand for altcoins like BTT, propelling its price. Conversely, a bearish stance might deter investors, potentially dampening BTT's value.

What is BTT price prediction?

Although it is impossible to offer an accurate BitTorrent Token price prediction over any duration, you could monitor several fundamentals that drive price action and volatility in the price of BTT. These include: Level of Adoption and Use:The value of BTT token varies based on the cryptocurrency’s use level and the BitTorrent ecosystem. The BitTorrent Token price is boosted when more users sign up to access BitTorrent’s file-sharing service and pay for faster downloads using BTT. Future Developments:As BitTorrent launches new applications that require the use of BTT tokens as incentives, the demand for the crypto could climb higher. This could drive up the value of BitTorrent Token in the market. Market Outlook:The bullish or risk-on mood towards cryptocurrencies or news of mainstream adoption of platforms like BitTorrent increase investor confidence and support the price of BTT crypto. However, bearish or risk-averse sentiment could drive investors away, resulting in sell-offs that could weaken the BitTorrent Token price.

What is the difference between BTT and BTT new?

The BTT Redenomination represents an enhancement of the BTT token, utilizing superior blockchain technology. The BitTorrent Chain facilitates compatibility with public chains like Ethereum, TRON, BSC, and more, ensuring quicker, safer transactions and reduced transaction costs.

What is the use case of BTT token?

BTT, as BitTorrent protocol's native cryptocurrency, boasts several applications: Token Utility As the BitTorrent protocol's TRC-20 utility token, BTT facilitates faster downloads on the BitTorrent Speed platform. Users can purchase quicker access, while those offering enhanced bandwidth and storage can earn BTT. Plus, once a file is downloaded, users seeding that file further bolster the network and earn BTT in return. Trading and Investment Asset Investors can trade BTT against a myriad of cryptocurrencies, leveraging market dynamics for profit. Whether you're buying, selling, or maintaining a long-term hold on BTT, belief in BitTorrent's potential is key. Ensure to monitor BitTorrent Token's real-time price, market cap, circulating supply, and 24-hour trade volume before making trading decisions.

How do I earn BTT tokens?

Earning BTT can be approached in several ways: Offer Fast Downloads with Extra Bandwidth:Boost your BTT earnings by uploading on BitTorrent and granting quicker downloads for users. This is achieved by offering enhanced bandwidth and storage. Seed Your Files:By seeding files on BitTorrent Speed, you can earn BTT passively. Though it might yield less than uploading, it's a simpler way to earn. Trade BTT:Increase your BTT stash by trading on platforms like Bitget. Ensure you're well-informed before trading to optimize gains and minimize risks.

Who owns BitTorrent (new)?

TRON Foundation Connection: Initially established in 2001 by Bram Cohen and David Harrison, BitTorrent Chain became the leading platform for peer-to-peer data and file sharing. After nearly twenty years under their guidance, Justin Sun, through the TRON Foundation, acquired BitTorrent Chain.

faq.one

faq.one_answer_new

faq.two

faq.two_answer

faq.third

faq.third_answer

faq.fourth

faq.fourth_answer

seo_faq.qustion1

seo_faq.answer1

seo_faq.qustion2

seo_faq.answer2

coin_price.buy_coin_title

coin_price.buy_coin_title_app
coin_price.buy_coin_guidance
google download badgeios download badge
coin_price.trade_bg_exchange
coin_price.trade_bg_exchange_guidance

video_section.h2_title

play cover
video_section.right_title
1. video_section.description1
2. video_section.description2
3. video_section.description3
4. video_section.description4
5. video_section.description5
6. video_section.description6
7. video_section.description7
faq.des

price_sidebar.trade

common_header.earn

coin_ad.ad3
price_sidebar.note_like1.tip

BTT/USDT

price_sidebar.spot

coin.excellent_traders.btn

BountyHunter-Q
BountyHunter-Q
insight1272/1300
12712.40%
price_sidebar.roi
price_sidebar.total_pnl $263,875.45
PHOENXCORP
PHOENXCORP
insight114/750
201.49%
price_sidebar.roi
price_sidebar.total_pnl $938,815.34

coin.related_assets

coin_related.also_view
coin_related.also_view_tips
coin_related.trending
coin_related.trending_tips
coin_related.compare
price_sidebar.assets.market