9/10/2023 0 Comments Bittorrent coin price historyTRON is also behind the addition of cryptocurrency to BitTorrent, as the BTT token was released on TRON’s blockchain. Sun is notorious for his plugging of both TRON as a cryptocurrency and its blockchain technology, bidding $4.5 million at a charity auction to have lunch with Warren Buffett (well-known anti-crypto figure) and discuss cryptocurrency with him. In 2018, TRON completed its acquisition of BitTorrent, bringing BitTorrent under the control of Justin Sun. The platform has seen multiple legal battles, with Cohen maintaining that it does not break copyright laws in allowing users to share files such as music and movies among themselves. The original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who himself has since become well known in the cryptocurrency arena.Ĭohen has explained that he designed BitTorrent to usurp the dated entertainment industry, which made obtaining material slow and expensive. BTT was launched on TRON’s own blockchain, using its TRC-10 standard.Īccording to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world. Since its acquisition, BitTorrent has added various new tools, with a dedicated native cryptocurrency token, BTT, released in February 2019. Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018. What Is BitTorrent (BTT)?īitTorrent is a popular peer-to-peer ( P2P) file sharing and torrent platform which has become increasingly decentralized in recent years. To find out even more about this project, check out our deep dive of BitTorrent.
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