There are two main things that come to mind when you say “bittorrent crypto”:
- BitTorrent Token (BTT): This is a TRC-20 utility token that powers features of the BitTorrent ecosystem, such as BitTorrent Speed and BitTorrent File System. BTT can be used to pay for faster downloads, storage, and other services within the BitTorrent network.
- BitTorrent Chain (BTTC): This is a public blockchain platform built on top of the BitTorrent protocol. BTTC aims to enable faster and more efficient file sharing, as well as to provide a platform for decentralized applications (dApps).
It’s important to note that BitTorrent itself is not a cryptocurrency. It is a peer-to-peer file sharing protocol that allows users to share files directly with each other, without the need for a central server. However, the BitTorrent protocol has been adapted to work with cryptocurrencies, such as BTT and BTTC.
Here is a more detailed breakdown of each:
BitTorrent Token (BTT)
- Launched in 2019
- Built on the TRON blockchain
- Total supply of 990 billion BTT
- Used to pay for faster downloads, storage, and other services within the BitTorrent network
- Can be earned by seeding torrents
BitTorrent Chain (BTTC)
- Launched in 2020
- Built on top of the BitTorrent protocol
- Uses the BEP-2 standard
- Designed to enable faster and more efficient file sharing
- Provides a platform for dApps
I hope this helps to clarify the relationship between BitTorrent and cryptocurrencies. If you have any other questions, please feel free to ask.