What is BitTorrent Token (BTT)? | EXMO Info Hub

Created by Bram Cohen in 2001, a peer-to-peer, BitTorrent is a P2P protocol for transferring big files over the Internet. Among file types, television games, television shows, films, programs, documents and much more are assignable. BitTorrent Token ( BTT ) is the keepsake of the largest torrent tracker in the universe. The startup ’ sulfur ICO ended within 15 minutes, during which USD $ 7 million was raised. In this article, we will tell you a short about what kind of project it is, the reason for its success and how it is likely to develop further .

BitTorrent Token Price

BitTorrent – Bitcoin Chart (BTT/BTC)


Buy BTT coin

What is BitTorrent?

Created by Bram Cohen in 2001, a peer-to-peer, BitTorrent is a P2P protocol for transferring big files over the Internet. Among charge types, video recording games, television receiver shows, films, programs, documents and much more are movable. The stick out client is called μTorrent or Torrent Classic. μTorrent is used by more than 150 million users worldwide ( 170 million at its point ) .

What is Project Atlas?

During the summer of 2018, the Tron Foundation blockchain inauguration acquired BitTorrent for $ 140 million. According to Justin Sun, the Tron Foundation founder, this leverage was the beginning phase of their enterprise called Project Atlas. As partially of this first step, the company intends to :

  • Introduce a mechanism for encouraging users of the torrent tracker to stay in the BitTorrent system for as long as possible in order to increase the speed of downloading/uploading files. Service is being tested: BitTorrent Speed ​​function in μTorrent client.
  • Create a paid file storage service. For this purpose, permanent storage devices of user memory (HDD, SSD) will be used. As with file distribution, storage will occur using peer-to-peer protocols. The function is being tested, and the name of this system is BitTorrent File System (BTFS).
  • Create a service for buying/selling content through a torrent tracker. It’s about standard purchases (movie purchase, renting, downloading), and subscription and pay-per-view streaming content. It was partially implemented in the BitTorrent Now application and the DLive TV streaming service.

What is a BTT token?

A cryptocurrency created to stimulate participants in the system to take useful actions and service transactions of a downpour tracker. The BTT coin is launched based on the TRC-10 cryptanalytic token on top of the Tron blockchain ( like the ERC-20 token on the Ethereum blockchain net ) .
TRON ( TRX ) is a blockchain system for sharing subject. content can range from ordinary files ( films, programs ) to items such as on-line games ( swords, pets, in-game currency ). A feature of TRON is that its blockchain allows you to exchange values ​​instantly and with a meager perpetration, sol even transactions with 10 cents will be profitable .

How does BitTorrent Token work?


estimate increase in download / upload speed via BitTorrent Speed. generator
When you watch a video recording on YouTube, download a document from Google Drive, or download a web page ( such as this one ), your smartphone or calculator connects to the webserver and downloads data directly from it. In this shell, the connection speed is limited by the bandwidth of the server ’ randomness duct ( groove capacity/by the number of devices connected for downloading content ) .
When using the BitTorrent protocol, the file is divided into bantam pieces, and each drug user downloads one such while and then distributes it to other users. The exchange of file parts occurs in parallel between all users of the system without the server ’ south participation. In this character, the focal ratio depends on the number of users who download/share the charge. The more participants there are, and more across-the-board the channels they have, the higher the download speed for each player .

The system of the system server-user ( left ) and user-user ( right ) .

What does increase speed?

The main problem of the BitTorrent protocol is that after downloading the desired charge, most users disconnect from the arrangement ( lone 14 % remain ). This reduces speed and makes it fluid. such problems do not exist on systems with servers .
To solve the problem, a ‘ BitTorrent Speed ’ ​​promotion mechanism was invented :

  • Users who want to prevent members of the system from disconnecting from their distribution can reward BTTs with coins. For example, you can allocate 10 million BTT for your file delivery. They will be distributed among everyone who shares the file, in proportion to their outgoing traffic on this file to the total outgoing traffic on this file.
  • Users can earn a BitTorrent token by participating in other people’s distributions. In principle, this can be called BTT mining, not only due to the video card or processor but due to the HDD, SSD, and the Internet channel bandwidth.

How to use BitTorrent Speed?

first, you need to download and install the μTorrent client from the platform web site. The customer is small ( 5 MB ) ; the facility does not require registration. future, you need to start μTorrent and click on “ BitTorrent Speed. ”

A browser opens the personal BitTorrent Speed ​​web page for your node downpour tracker. here you need to navigate to the Wallet section .

In a modern window, an choice to create a new Tron cryptocurrency wallet or link an existing Tron wallet to your account will be presented .

To create a wallet, you first need to create a password .

Read more: real – Wiktionary

then, you need to create a seed idiom of 12 randomly selected words. Make sure that you make a note of this and store it somewhere safe. A seed phrase is required in order to regain access to the wallet .

next, your recorded seed idiom will be verified, and, if everything is fine, the wallet will be created .
There are two types of balances in the wallet : In-app Balance – tokens inside the application that can be used to increase the download/distribution rush, BTT Balance – coins that are not tied to the app, which can be used as you like. On the In-app Balance, immediately after creating the wallet, you will be credited with a small count of coins for free to use the application .

The wallet balance can be replenished using the public wallet address. You can besides withdraw coins by clicking on the In-app Balance .

After creating the wallet, the torrent tracker can be used as common. The system will distribute and charge tokens. You can track statistics in the Dashboard section .

How much can you earn by distributing files?

It depends on how many people download the file you are sharing, and how many of them use BitTorrent Speed ​​ ( and whether there are tokens on their wallets ). As of July 2020, there are very few users ( and about all of them are located in the english-speaking countries ), sol there is no way to make a distribute of money. Of course, over time, the reelect will increase, but even then, it will be relatively short money – ranging between just USD $ 1-10 a month .
just as lone data centers and cryptocurrency farms can now earn a lot on mining, only large players are likely to make money with BitTorrent Speed. For exercise, on-line storage or hosting companies, using the free capacity to distribute files via torrent .
however, even if ordinary users earn entirely USD $ 10 per month, the function should be activated, since this is passive earnings, which only requires registering a wallet. Besides, using BitTorrent Speed, ​​you can increase the rush of downloading files ( in exchange for BTT ), which is besides good .

BitTorrent Token Outlook (BTT)


BitTorrent Token Charts. source
As for the downpour tracker, the service is already among the market leaders, and they ’ ra reasonably good at keeping an consultation captive. If we talk about the project cryptocurrency component, then it is at an early degree of development : inform potential users and involving them in the project ’ sulfur ecosystem, integration with third-party services .
The project team does a poor job in terms of communication and informing others : only a minor number of regular μTorrent users know about the BTT token, the promotion mechanism, and the hypothesis of increasing download speeds. Improving the position requires aggressive market and sporadically informing users about raw opportunities inside the μTorrent application using pop fly messages or changing the lotion ’ mho design .
As for the integrations with third-party services, there have been only several significant partnerships. For one — with the DLive pour service, which occurred in February 2020. In November 2020, the public became mindful that Huawei has entered into a partnership with TRON and listed 4 μTorrent applications : BitTorrent, BitTorrent Pro, uTorrent, and uTorrent Pro. chinese communications drawing card Huawei has over 3 billion users in 170 countries .

BTT coin rate forecast

2021 turned out to be successful for the stick out. On April 5, 2021, BTT renewed its price record — the switch over pace reached $ 0.014. The rationality behind the price emergence is the approaching product updates. For example, the company will increase the decentralization of the BitTorrent file system. As of April 2021, BTT is traded in the $ 0.007-0.009 range. The coin is ranked twenty-third with a market capitalization of $ 6billion .
According to CoinPedia estimates, the value of BitTorrent ( BTT ) cryptocurrency may reach $ 1 by the end of 2021 .

Buying/selling BTT coins

You can easily buy and sell BTT tokens on the EXMO exchange in the BTT/BTC couple. You can besides buy BTT coins on the Tron requital arrangement ’ s web site and through crypto-wallets that support this nominal. The routine is no unlike from buying other coins. Tokens can not be purchased inside the BitTorrent application. The BTT coin sale and transfer algorithm are besides not separate in relation to selling and exchanging different currencies.

Conclusion

According to analysts, BitTorrent ( BTT ) is a promise stick out. Its price could reach $ 7 over the future 5 years. This is due to the fact that μTorrent has 100 million active users and it will be commodious for them to use the new options of the system. In addition, the BitTorrent team is improving the functionality of the product, which could besides drive up the monetary value of BTT .

source : https://tuvi365.net
Category : QUESTION COIN

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