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- 1 BTT is a cryptocurrency that works on the BitTorrent network, a system for sharing files online.
- 2 BTT is based on the TRON blockchain, a platform that supports decentralized applications.
BTT is a cryptocurrency that works on the BitTorrent network, a system for sharing files online. BTT is based on the TRON blockchain, a platform that supports decentralized applications. BTT was established in 2019 by the BitTorrent team, which was acknowledged by the Tron Foundation, guided by Justin Sun, in 2018.
Use Cases of BitTorrent (BTT)
BTT is utilized to pay for services such as bandwidth, storage, and computing power on the BitTorrent network. BTT also allows users to reward each other for seeding files, which implies making them available for others to download. It improves the speed and quality of the file-sharing process. BTT can also be used by developers, software makers, and website owners who want to enter the BitTorrent network.
BTT has a built-in wallet that can be used by BitTorrent and Torrent software users. This makes it easy for them to earn and spend BTT on the network. BTT can also be used for other purposes that are not related to BitTorrent technology. The BitTorrent team expects that many users will have small amounts of BTT that they can use in different ways.
BTT is a way of exchanging computing resources among BitTorrent users and creating a market for service providers and requesters. BTT is the unit of value for the transactions on the network. BTT can be divided into smaller units, which allows for more accurate pricing.
Price Overview of BitTorrent (BTT)
BitTorrent runs on the BitTorrent network, a system for transferring files online. BTT is based on the TRON blockchain, a platform that supports decentralized applications. BTT was established in 2019 by the BitTorrent team, which was bought by the Tron Foundation, led by Justin Sun, in 2018.
At the time of publication, BitTorrent crypto was trading at $0.000000759356, which is a plunge of 21.97% over the last 24 hours and an elevation of 65.87% in the past week. The trading volume of BitTorrent crypto is $252.5 Million in the past trading day, which is a drop of 24.60% from yesterday and demonstrates descending market activity.
The market cap of BitTorrent crypto is $722.2 Million. There are 950 Trillion BTT tokens in circulation, out of a total supply of 990 Trillion BTT tokens. The fully diluted valuation (FDV) of BitTorrent (BTT) is $753.2 Million, which is the hypothetical value of all the BTT tokens if they were all in circulation today.
The highest price of BitTorrent (BTT) ever recorded was $0.00000343, on Jan 21, 2022 (almost 2 years ago). The current price is 77.94% lower than the all-time high price. The lowest price of BitTorrent (BTT) ever recorded was $0.000000365368, on Oct 13, 2023 (about 2 months ago). The current price is 107.20% higher than the all-time low price.
BitTorrent (BTT) increased by 65.30% last week. This is better than the global cryptocurrency market, which has increased by 10.70%, and also better than similar Ethereum Ecosystem cryptocurrencies, which have increased by 12.70%.
Conclusion
BitTorrent (BTT) is a cryptocurrency that aims to enhance the file-sharing process on the BitTorrent network. It allows users to pay for and provide services such as bandwidth, storage, and computing power. It also incentivizes users to seed files, which improves the speed and quality of the network. BTT has a built-in wallet that makes it easy for users to earn and spend BTT on the network.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
