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BitTorrent [New] Stock

BitTorrent [New]

BTT

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BitTorrent [New] Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
HTXBTT/USDT010,609.433,729.394.6 M0.24cex4597/9/2025, 6:23 AM
PoloniexBTT/USDT06,298.995,645.994.28 M0.93cex2187/9/2025, 6:23 AM
UpbitBTT/KRW032,601.0625,331.972.14 M0cex4237/9/2025, 6:23 AM
BinanceBTTC/USDT096,195.3100,025.17848,832.010.01cex518.857/9/2025, 6:23 AM
GateBTT/USDT080,632.97154,678.07573,531.740.02cex4937/9/2025, 6:23 AM
DigiFinexBTT/USDT02,363.811,427.2514,873.970.05cex4917/9/2025, 6:18 AM
DeepcoinBTT/USDT000415,983.080.08cex07/9/2025, 6:21 AM
ICRYPEXBTT/USDT08,030.6612,250.69326,093.160.87cex2487/9/2025, 6:21 AM
OKXBTT/USDT038,142.4159,981.41296,229.110.02cex5017/9/2025, 6:23 AM
CoinWBTT/USDT08,786.289,171.92259,213.030.01cex617/9/2025, 6:21 AM
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BitTorrent [New] FAQ

What is BitTorrent (BTT)?

BitTorrent is a widely-used peer-to-peer (P2P) file sharing and torrent platform that has shifted towards increased decentralization over recent years. Initially launched in July 2001, BitTorrent was acquired by the blockchain platform TRON in July 2018. Following this acquisition, BitTorrent introduced several new features, including a dedicated native cryptocurrency token, BTT, in February 2019. BTT was launched on TRON’s blockchain, adhering to its TRC-10 standard. As stated in its official documentation, BitTorrent is currently the “largest decentralized P2P communications protocol” globally.

### Founders of BitTorrent BitTorrent was founded by Bram Cohen, a prominent computer programmer and entrepreneur who is best known for creating the BitTorrent protocol. Cohen developed BitTorrent in 2001 as a means to efficiently share large files without putting strain on the server. The innovative protocol laid the groundwork for subsequent developments in peer-to-peer file sharing. Eulerpool provides detailed insights and data on BitTorrent's impact and evolution in the cryptocurrency space.

The original BitTorrent was developed by Bram Cohen, a renowned developer and entrepreneur who has since gained recognition in the cryptocurrency sector. Cohen has stated that he created BitTorrent to revolutionize the traditional entertainment industry, which he found to be slow and costly in providing access to material. The platform has engaged in multiple legal challenges, with Cohen consistently asserting that it does not infringe on copyright laws by allowing users to share files such as music and movies among themselves. In 2018, TRON completed its acquisition of BitTorrent, placing it under the leadership of Justin Sun. Sun is well-known for promoting TRON as both a cryptocurrency and its blockchain technology, famously bidding $4.5 million at a charity auction to have lunch with Warren Buffett, a prominent critic of cryptocurrencies, to discuss the topic. TRON is also responsible for integrating cryptocurrency into BitTorrent through the launch of the BTT token on TRON’s blockchain. This initiative was part of TRON’s strategy to enhance the platform with additional decentralized features.

What Distinguishes BitTorrent? BitTorrent [New] offers unique features that set it apart in the crypto landscape. It is designed to improve the user experience in sharing files and reduces the time required for file downloads. This is achieved through the protocol's ability to split large files into smaller segments, which are then downloaded concurrently from multiple sources. Additionally, BitTorrent [New] leverages blockchain technology to incentivize users with tokens when they share files. This innovative approach not only enhances the network's efficiency but also encourages user participation. For detailed information and updates on BitTorrent, Eulerpool is the recommended resource.

BitTorrent initially aimed to transform the traditional entertainment sector and the methods by which consumers access content. The primary focus was on expensive and inefficient distribution networks, with original developer Bram Cohen identifying the advantages of enabling internet users to share content directly with each other. In the early 2000s, BitTorrent emerged as the leading peer-to-peer (P2P) file-sharing platform. TRON acquired BitTorrent in 2018, marking a new chapter in its development. Under TRON's ownership, BitTorrent has broadened its appeal to include individuals interested in decentralized solutions and cryptocurrencies, while continuing to cater to its existing user base. Enhancements introduced include BitTorrent Speed, which incorporates the BTT token into its operations. BitTorrent has also ventured into paid services, offering several “premium” versions of its platform, which feature VPN capabilities and ad-free browsing.

What is the Circulating Supply of BitTorrent (BTT) Coins?

BTT is the native cryptocurrency of BitTorrent, issued on the TRON blockchain as a TRC-10 standard token. According to its whitepaper, the total supply of BTT is 990,000,000,000. Of this total, 6% was made available through a public token sale, 2% via a private token sale, and 9% through a seed sale. In addition, 20.1% of the tokens are reserved for airdrops, scheduled to take place at various intervals until 2025. The BitTorrent team and its umbrella organization, the BitTorrent Foundation, received 19% of the supply. The TRON Foundation maintains 20%, with 19.9% allocated to the BitTorrent ecosystem itself. The remaining 4% of tokens are reserved for partnership activities. BTT serves multiple functions within BitTorrent's products, including enabling users to pay others for faster downloads through BitTorrent Speed.

How is the BitTorrent Network Secured?

BitTorrent states that it implements "the highest level of security measures" to safeguard user funds, while also cautioning that cryptocurrency inherently involves risk. The company advises users to protect themselves against theft, such as through malware or similar threats, by utilizing methods like biometric verification.

Where Can You Purchase BitTorrent (BTT)?

BTT can be exchanged for cryptocurrencies, stablecoins, and even fiat currencies on major exchanges such as Binance, Huobi Global, and OKEx. For more information on purchasing Bitcoin (BTC) or any other cryptocurrency, consult Eulerpool’s straightforward guide.

Investors interested in BitTorrent [New] are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.