12/22/2023 0 Comments Bittorrent price prediction 2030More blockchains will be supported in the future.Īs a result of the BTTC launch, the BTT token was redenominated. BTTC enables interoperability with Ethereum, TRON, and Binance Smart Chain (BSC) networks. This cross-chain interoperability protocol utilizes the proof-of-stake (PoS) consensus mechanism. On December 12, 2021, the BitTorrent Chain (BTTC) mainnet was launched. This token reached its all-time high price on April 5, 2021, when it traded at $0.01426. A total supply of 990 billion BTT tokens was issued. It was introduced to incentivize transactions in a token-based economy for networking, bandwidth, and storage usage. In February 2019, TRON launched the BTT token using its TRC-10 standard. Since this acquisition, BitTorrent has become increasingly decentralized. It all changed when the TRON blockchain purchased BitTorrent for $140 million in July 2018. It was notoriously used for online piracy after its launch. What Is BitTorrent Token (BTT)?īitTorrent was initially launched in July 2001 as a peer-to-peer (P2P) file-sharing platform. What are the realistic expectations for this digital asset? Will its price rebound in the following years? To answer these questions, let us discuss the following BTT price prediction for the next few years. However, this token has been losing value since the second half of 2021. The excitement was even greater when TRON launched the BitTorrent token (BTT).īTT performed well after its release, particularly in 2021, when it gained some significant traction in the market. Hence, one can understand the excitement when the TRON blockchain purchased the BitTorrent file-sharing site. Some experts estimate that as much as 20% of Internet traffic is related to this protocol. And the token price after a few hours stabilized at the level of $ 0.00289.ĭespite the price not being very stable, analysts expect that the token will grow in the next year.BitTorrent is the largest file-sharing protocol worldwide. But by the end of the month, the gains were lost and the token went back to its support position of $0.00035.Īfter the launch date was announced on the 6th of December, BTT token price skyrocketed and its market cap grew from $2.2 billion to $3.1 billion in a matter of hours. The next months were full of updates, for instance, at the beginning of October the test network launch was announced and that influenced the price to grow a little. At the time the token started to stabilize its value and even reached $.00049 on September 5. This attracted even more attention to the asset from the developers, crypto enthusiasts, and investors.īut then the price started to drop steadily and the market was following bearish trends till the end of July. On April 5 on the wave of the crypto market uptrend, it reached an all-time high of $0.0142. Once BTT goes on mainnet old TRC-10 coins will be replaced with TRC-20.īTT token performed as one of the most active tokens of the crypto space. But the main idea of BTT is to create a limitless world where the exchange of content is easy and fast. It is mainly utilized by the developers of dApps. All the earned assets are stored in the integrated wallet.īitTorrent File System is a protocol and network implementation that offers a peer-to-peer mechanism of uploading and downloading digital content in a decentralized filing system. So the uploaders will get a possibility to earn the assets and will be motivated to seed the file longer. It also offers premium options such as VPN, no ad browsing, etc.īitTorrent Speed is a downloading client like uTorrent but with advanced options, in particular, downloaders will be able to offer tokens to the uploader to improve download speed. And as Bram Cohen thinks exchange of the information, in this case, should be fast and convenient. The initial idea of creating the project was to unload the entertainment industry that got overloaded with the data and became slow and cluttered.ĭespite the fact that the technology has seen a lot of criticism for pirating, Cohen replies that nothing illegal is happening as the users just exchange the content between themselves. As of now, BitTorrent is still considered to be the biggest decentralized P2P communication protocol. The project was originally created in 2001 by Bram Cohen but was bought by TRON blockchain in 2018 and got its own native BTT token after a year in 2019. The asset is used to power a number of dApps including BitTorrent Speed, BitTorrent File system, DLive, etc. BTT is a TRC-10 utility token implemented on the TRON blockchain that powers the most popular decentralized protocols and applications.
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