Targeting distribution networks in the entertainment industry that were heavy, slow and expensive, Cohen, a developer and entrepreneur, wanted to create a platform whereby internet users could share content between themselves.īitTorrent, unlike alternative download methods, maximises speed of download by collecting portions of the file you want and downloading these different portions simultaneously from users who already have them. BitTorrent reviewĭescribed as the “largest decentralized P2P communications protocol” in the world on the company’s website, BitTorrent’s objective was to transform the way customers obtain and download content. Throughout its early years, BitTorrent has been subject to a fair number of legal disputes as a result of alleged breaches of copyright law. Released in February 2019, BTT was built on TRON’s blockchain. This acquisition was part of Sun’s strategy to add more decentralized features to the TRON platform.Īfter the acquisition BitTorrent added a native cryptocurrency token called BTT. This brought BitTorrent from under the control of its original founder, Bram Cohen to the hands of Justin Sun. Originally released in July 2001, BitTorrent was acquired by blockchain platform TRON in July 2018. From differing blockchain technologies to consensus mechanisms to target sectors, each crypto company has its own unique list of qualities.īitTorrent has been around for a while and is one of the more well known names on the crypto market meaning you may have heard of it before.Īlternatively, you may be scratching your head asking, “What is BitTorrent (BTT)?” and “What is BitTorrent token used for?” Given how saturated the crypto market is, keeping in the know about all the new start-ups and new developments within established crypto firms, can be almost impossible.
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