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  • ISTANBUL12:56:03
  • NEW YORK7:48:06
  • LONDON12:47:17
  • MOSCOW15:47:33
  • TOKYO21:47:45
  • NAME BITTORRENT
  • SYMBOL BTT
  • INDUSTRY CRYPTOCURRENCY
  • MARKET VALUE $1000000
  • TOTAL SUPPLY 10000000
  • MAXIMUM SUPPLY 10000000
  • ALL-TIME HIGHEST $0.08
  • ANNUAL RETURN undefined
  • RELEASE DATE 2021

BITTORRENT GENERAL INFORMATION

What is BitTorrent?

BitTorrent was launched in July 2001 as a protocol that allows peer-to-peer file sharing with a decentralized approach similar to the blockchain. With the purchase of BitTorrent by Justin Sun, the creator of the TRON network, in July 2018, different tools and new features were developed on the BitTorrent. One of those innovations is BTT, the native cryptocurrency of the network that started operating in 2019. It was released in TRC-10 standard on the TRON network. BitTorrent Speed was added as a feature, which uses BTT tokens when completing the transactions. Paid services include the "Premium" version, which includes VPN and ad-free browsing.

Who is BitTorrent's Creator?

Bram Cohen, well-known in the cryptocurrency sector as a developer and entrepreneur, was the creator, before BitTorrent was purchased by Justin Sun. Cohen developed BitTorrent as a reaction to the industry that makes file sharing slow, expensive, and inefficient. In this process, users shared music, movies and similar files among themselves and were subjected to multiple legal processes on the grounds of copyright infringement. Justin Sun took over the project in 2018 as a Chinese-American tech entrepreneur. Sun, who encountered Bitcoin by reading the New York Times during the university period, started to invest in cryptocurrencies. He was interested in the concept of "digital currency." Among the highly developed cryptocurrency sector since then, Justin said that the most important development of his life was to create the network called TRON in 2017 and founded the Tron Foundation in Singapore in 2017. In the following periods, countless projects were developed on the network and became one of the valuable blockchains.

What's Next for BitTorrent?

The first feature of the BitTorrent protocol differing from other projects is that it provides liquidity and the transactions on the network are very fast. In this respect, it is compared with Ethereum. As of March 2022, it ranks 55th with a market value of $1,716,276,064.

The circulating supply of BTT is 923,767,700,000,000 and the maximum supply is limited to 990,000,000,000,000 BTT. BTT is nowadays priced around $0.000001858. When it reaches out the maximum supply and as demand increases, the price will be higher.

How to Buy BitTorrent (BTT)?

You can become a BTT investor by using USDT and TRY pairs on ICRYPEX, one of the leading cryptocurrency exchanges in Turkey.

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