Eduard Watson

11 months ago

2019 just began, and BitTorrent is already making essential moves in the crypto space.

BTT tokens are based on the Tron protocol

BitTorrent launched its native token BitTorrent (BTT) based on the Tron protocol, according to the latest reports coming from an official press release.

The crypto can be changed between users and the benefits it will bring is faster network and downloads.

The torrent client’s move to begin tokenizing the content sharing ecosystem comes half a year after Justin Sun, Tron's founder, acquired BitTorret.

The ecosystem has about 100 million users and the amount for which Sun bought the torrent client hasn’t been disclosed by now.

BTT tokens are issued by the BitTorrent Foundation

The tokens feature native TRC-10 compatibility., according to the press release shared with Cointelegraph.

This means that they adhere to a technical token standard that is supported by the Tron blockchain.

It was also revealed that BTT would be available exclusively to non-US accounts on Binance’s “Launchpad” program. It will also be distributed selectively via airdrops starting this month.

The press release details the fact that BTT is a part of a broader move to create a decentralized distribution platform using crypto.

BitTorrent created its protocol back in 2004, and they claim that it is “the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally.”

Cointelegraph reports that “BTT tokens will first be implemented on BitTorrent’s Windows-based “µTorrent Classic” client” which is the company’s most popular application.

Tron is preparing for its upcoming conference

Other than this, the Tron foundation is getting ready to host a developer conference.

Tron launched a new website in 2018 for the Tron Developer Conference which is scheduled for early 2019 in San Francisco.

The Tron Developer Conference is a 2-day event set to begin on January 17, and it will last until January 18, 2019.

The venue for the event is Yerba Buena Center for the Arts, 701 Mission Street, San Francisco, CA 94103, USA.

People Mentioned

Justin Sun

Founder of TRON (TRX)

Coins Mentioned

BTT

BitTorrent

Companies Mentioned

Tron Foundation

Tron Foundation

Leave a Reply

Your email address will not be published. Required fields are marked *

Icon
1xBit

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
BitStarz

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting industry....

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Trending news

Binance

Trending news

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Top Sportsbook
Icon
1xBit

4.03

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1450 Articles
7255 Followers