The BitTorrent project was born with the idea of tokenizing the world’s largest decentralized file sharing protocol.
The platform moves a significant percentage of the world’s Internet traffic every day. It is focused on optimizing the transfer of large files.
BitTorrent, with more than 100 million active users every month, currently develops products under two brands, BitTorrent and µTorrent, which offer their clients options for Windows, Mac and Android.
The ABCs of the BitTorrent Project
The fundamentals of the protocol
BitTorrent is responsible for one of the largest decentralized P2P protocols for distributing data and files over the Internet.
Also, the value of BitTorrent is that instead of downloading a file from a single server, the protocol allows you to join a swarn.
This swarn is where thousands of users simultaneously download and upload „pieces“ of a file until its content is complete.
Therefore, this ability to transfer and receive files from different sources is what has strengthened the platform over the years.
Thus, the obvious reason is that it does not present a central point of vulnerability.
As a result, P2P networks are said to account for between 43% and 70% of all Internet traffic when viewed as a group.
Above all, this represents a strength against censorship.
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The BitTorrent token project
For the development and growth of a decentralized platform, the creation of a token based on Blockchain seemed a natural decision.
This is how the BTT token was created.
As a joint project between Bitcoin Method / Bitcoin System / Cryptosoft / Bitcoin Evolution / Crypto Trader and the BitTorrent Foundation, the BTT token was launched in early 2019 as an attempt to tokenize the file sharing protocol.
It is hoped to improve content delivery and bandwidth availability with the help of Blockchain.
According to BitTorrent, „BTT is a blockchain-based CRT-10 utility token that enhances the features of the world’s most popular decentralized protocols and applications.
The BTT technology DApps developed include BitTorrent Speed, BitTorrent File System, DLive and others to be developed.