
BTT token is supposed to bring blockchain closer to becoming a mainstream technology.
#Btt bittorrent stock torrent
Perceiving that the torrent users should be no strangers to these principles, TRON jumps in as a provider of a technological infrastructure that should connect all of these users at a global level. The BitTorrent token lies at the heart of a future decentralized platform whose goals are to “promote openness, spurn censorship and reward their participants”.
Cryptocurrency technology should be familiar to the torrent user community which has a long history of promoting sharing and cooperation while resisting censorship. Thus, the users will be able to use the BTT tokens to give new value to their contributed computing resources and the transaction process will not involve the use of fiat currencies. The BTT team believes in the potential of cryptocurrencies to allow both the creators and users to acquire and spend them with no intermediaries involved. BitTorrent (BTT) should become a bridge between content creators and their audience. Its acquisition by TRON in 2019 (as part of a USD 140 million deal) was followed by a recent introduction of the BitTorrent cryptocurrency and its BTT token with the aim to deliver at least some of these proclaimed goals:
As such, it has become a household name among the users of the torrent technology and wider file-sharing community. BitTorrent is a file sharing protocol with the community of over 100 million users.