BitTorrent

About BitTorrent token

BitTorrent Token (BTT) is a cryptocurrency used on the TRC-20 platform that aims to merge blockchain technology with the world’s biggest decentralized file-sharing system. It seeks to improve the system's efficiency by rewarding users for sharing their bandwidth and storage resources. It powers functionalities on various DApps such as BitTorrent Speed and BitTorrent File System, thus improving participation and performance across the network. BTT is the first cryptocurrency that allows the users of BitTorrent to accelerate download speed by paying for it using tokens, thus encouraging extensive file seeding and distribution. This feature counters the problem of under-seeding in peer-to-peer file sharing networks, helping make the system more robust. With BitTorrent Speed, the free market has been applied to downloading torrents, creating a market for upstream and downstream users to purchase the utility of BTT, thereby improving its demand and aligning user roles with resource supply. BTT facilitates a model for sustainable file-sharing underpinned by blockchain while enabling users to be compensated for their efforts.