We present a complete guide to understanding BitTorrent (BTT) Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
BitTorrent Cryptocurrency
BitTorrent (BTT) is a Cryptocurrency ecosystem based on the popular file-sharing software of the 2000’s, BitTorrent. The new BitTorrent builds from the original peer-to-peer networking concepts and applies incentives and payments through the BTT token over a blockchain network.
Led by the Tron Foundation of the TRON Network, the rights to the name and software of BitTorrent were sold to the Tron Foundation in 2018 and a Blockchain Network with the BTT Token was created.
See BitTorrent Token Official Website
Key Point of BitTorrent Crypto
- New Blockchain Crypto created from BitTorrent of the 2000’s
- Recent upgrade, with new Token BTT, old tokens now called BTTC
- Concept where File-sharing can support Blockchain purposes
- Tron-Based cryptocurrency, led by Tron Foundation
BTT Cryptocurrency (New vs Old)
BitTorrent went through a Full Scale Upgrade at the beginning of 2022 to further develop core upgrades in BTT’s compatibility with the Tron Network. The new structure completely replaced the model for the network, so the Tron Foundation developed a new token would be assigned at the BTT Token.
Thereafter, two distinct tokens were created to represent the new and old blockchain tokens. The new token allowed for advanced features such as Bridging Across Blockchains on the Official BTT Wallet Website.
BTT-New & BTT-OLD Converter
The old token became renamed BTTC and was referred to as BTTOLD, and an Official BTTC/BTT Conversion Tool was established on the BitTorrent Wallet Website.
The conversion ratio currently stands that 1 BTTC-OLD is worth 1,000 New BTT. The process also burns the old tokens permanently.
BitTorrent Price Chart
BitTorrent (BTT) Historical Price Chart
History of BitTorrent Crypto
The original BitTorrent software was created by Bram Cohen in 2001 as a peer to peer network for file-sharing. The software allowed for larger files to be downloaded and shared across the internet.
BitTorrent took many uses, but was most popular for downloading and torrenting copyrighted software such as Movies, Video Games, Music, Entertainment, and Applications.
In 2018, the popular Blockchain TRON decided to purchase all of BitTorrent for $140 Million USD and later created a Blockchain cryptocurrency for the software.
BitTorrent Popular Use in the 2000’s
In an explosion of file-sharing and torrenting platforms of the 2000’s, BitTorrent quickly became the biggest Digital File Sharing Platform in the world, superseding famous sites such as LimeWire and Napster.
Not only did BitTorrent become #1, but became industry standard amongst the Music Industry, Software Developers, and Shadow IT operations. The original BitTorrent often came with risks, such as virus downloads, corrupted files, and error prone files.
BitTorrent Crypto FAQ
Is BTTNew and BTTOLD The Same?
No, their are key differences in the core software, but the BTT Wallet Website allows you to convert directly from BTTC to BTT (Old to New BTT).
Is BTT An ERC-20 Token?
No, BTT-New is an TRC-10 Token, built on the Tron Network.
What is BitTorrent Crypto?
What is BitTorrent Coin?
What is BTT Old and New?
What is BTT Coin?
What Is Unique About BitTorrent Crypto?
BitTorrent Crypto Analysis
Image Source: What Is BitTorrent? – CoinCentral.com