Since the rise of the internet, there has always been a way to download copyrighted files, even though it might be illegal. BitTorrent is a peer-to-peer file sharing platform that hosts a censorless market for any individual to post downloadable files. This censorless market can be used for sharing all types of files. That might sound like a streaming service’s arch-nemesis, but BitTorrent is actually used by some of the biggest file-sharing websites like Netflix, Google and Facebook.
What is BitTorrent?
BitTorrent is a popular peer-to-peer (P2P) file sharing platform used by everyone from independent films trying to pick up a distributor to companies that need to send or synchronize large files worldwide. The BitTorrent protocol saves companies time and bandwidth to update their platform and send data as efficiently as possible. BitTorrent consistently uses the majority of all file-sharing bandwidth online, as it’s extremely efficient.
The BitTorrent file sharing service has been around since 2001. After the TRON blockchain network bought BitTorrent a few years back, the BTT token was created to support paid services on the file-sharing platform. BTT is one of the biggest TRC-10 tokens on the TRON network secured through TRON’s delegated proof of stake protocol. Incorporating the BTT token in the file sharing platform has gained the project a lot of money and new areas for development.
BitTorrent (BTT) is Up 21% in 24 Hours
BTT made a big splash for the TRON network this year as its price jumped 2700% from February 7 to April 5 at its peak of $0.013. This price didn’t last long as it’s been steadily falling since then and has recently been sitting around $0.002. This recent 21% gain in the past 24 hours has broken the momentum of the recent downturn and pushed the relative strength index into the upper 50th percentile for the 1st time in 2 months.
Why is BTT Moving?
There isn’t any new news about the platform or token that is directly responsible for this price increase. But, because TRON bought BitTorrent and the project has raised millions in public offerings, the development team is well funded and has a lot of incentive to improve.
BTT is one of TRON’s most successful tokens. To stay competitive with other networks like Ethereum, TRON will need BTT to continue growing to stay relevant as a smart contract network.
Where to Buy BitTorrent
Unfortunately, BitTorrent isn’t available on most large U.S exchanges. This may be due to regulation, but as BTT grows it may start garnering support from the likes of Coinbase, Gemini or other major exchanges. For U.S investors, Changelly is the best way to buy BitTorrent.
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