Overview of BitTorrent (BTT) Coin
BitTorrent is a decentralized peer-to-peer (P2P) file-sharing platform acquired by TRON blockchain in July 2018. Its native cryptocurrency, BTT Coin, launched in February 2019 using TRON's TRC-10 standard. As the world's largest P2P communication protocol, BitTorrent facilitates decentralized content distribution.
Current Market Data (January 31, 2024)
- Price: Rp 0.001343 (≈ $0.0000009)
- 24h Trading Volume: Rp 352.3 billion (≈ $23.5M)
- Market Cap: Rp 13 trillion (≈ $867M)
- Circulating Supply: 951.42 trillion BTT (max supply unavailable)
- Rank: #80 on CoinMarketCap
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Founders and Development
- Original Creator: Bram Cohen (designed to disrupt traditional entertainment industry)
- TRON Integration: Justin Sun led the acquisition, adding blockchain functionalities
- Key Features: Decentralized file-sharing with incentivized seeding via BTT tokens
Technical Insights
BitTorrent's ecosystem leverages TRON's blockchain for:
- Faster micropayments
- Enhanced P2P network incentives
- Decentralized storage solutions
Market Performance Analysis
- Recent Trend: 2.24% decline in 24 hours
- Volatility: Medium (typical for utility tokens)
- Liquidity: High trading volume suggests active market participation
FAQs About BTT Coin
Q: What drives BTT Coin's value?
A: Adoption of BitTorrent's decentralized services and TRON ecosystem growth.
Q: Where can I store BTT securely?
A: In TRON-compatible wallets like TronLink or Ledger hardware wallets.
Q: How does BitTorrent use blockchain?
A: By rewarding content seeders with BTT and enabling P2P micropayments.
Q: Is BTT inflationary?
A: No fixed max supply, but burning mechanisms help stabilize circulation.
Investment Considerations
Always conduct independent research before trading. Crypto assets carry inherent volatility risks. Monitor:
- TRON network upgrades
- BitTorrent client adoption rates
- Competitor P2P projects
👉 Compare BTT with other decentralized storage tokens