BitTorrent (BTT) exchange ratePrice for today
0,00000038USD+2.72%
0BTC+2.72%
Launched in 2019 by crypto enthusiast Bram Cohen, BitTorrent project strives to tokenize decentralized protocol file-sharing with the help of its native token BTT. BTT is a utility token built on the TRON blockchain. BitTorrent Speed, DLive, BitTorrent File System (BTFS) and other well-known decentralized applications are powered by this TCR20 coin. For example, BTFS is a decentralized network and protocol which ensures a peer-to-peer system for storing and downloading content in a blockchain-based file mechanism. As soon as users download a new release of µTorrent Classic, the free software with a BTT wallet integrated in it will be available to them.
According to recent reports, BitTorrent is considered one of the most promising cryptocurrencies in 2021. Today, we explain what exactly it is, its peculiarities and advantages, and answer the most important question: is BitTorrent a good investment?
BitTorrent is a file-sharing peer-to-peer protocol. Its main purpose is to exchange large files over the Internet.
BitTorrent (BTT) is also a currency within the platform meant to encourage users to act. It was launched in 2019 after the Tron Foundation had acquired BitTorrent. You can get BTT by not disconnecting from the system when you finish downloading the file (more than 80% of users disconnect immediately, thus slowing down the download speed) or taking part in other people’s file distributions.
You, as a user, can get BTT to increase your download speed, while providers receive and sell BTT to make some profit from file distribution. BitTorrent coin is also named TRC-10 utility token on top of the Tron blockchain. It is similar to the ERC-20 token, which operates based on the Ethereum blockchain network.
Thanks to the BitTorrent File System, it is possible to earn this cryptocurrency’s coins by using common torrent programs:
BTT crypto is currently one of the cheapest cryptocurrencies on the market. With the price a bit over $0.0034 per coin, it is facing tough times right now. There are already over 659 billion coins in circulation, which tells a lot about the dominance of this altcoin on the market, as well as its stability. On Godex, you can check price live data of BTT, such as changes in price for the last hour, 24 hours, or 7 days, its volume, ranking, highs and lows. Check it from time to time because it is dynamic and depends on various internal and external factors.
As any other cryptocurrency, BitTorrent is broadly exchanged on the crypto market. There are top 5 coins users convert BitTorrent token’s coins to:
When a user decides to swap coins on Godex, they should follow these steps:
Step 1. Choose the cryptocurrency you want to convert (in the field on the left) and the cryptocurrency you want to convert to (in the field on the right).
Step 2. In one of the fields, enter a number of coins you wish to buy or sell. No need to fill both fields, our algorithms will do it automatically.
Step 3. Enter an address of a wallet you wish to send the coins to. Click on ‘Exchange.’
Step 4. The transaction begins. Usually, it takes 30 minutes maximum for us to complete it with the best rates possible. If something goes wrong, we will send a user all the required data and instructions on what to do next.
Step 6. After the transaction is complete, read our report. It contains some details about the transaction.
This coin cannot be mined. Instead, a crypto trader can get it through the exchange. As this cryptocurrency becomes more popular, anyone can buy it online.
However, there is another way to get a BitTorrent token. There are three steps a user needs to complete:
When a user adds a file into the program, it automatically gets split up into small files. After that, every member of the system downloads a piece of this file. The system divides this file again and sends its pieces to other members of the network. The exchange of the parts of this file occurs simultaneously between all members of the system without any third-party interference. The more users join this project, the faster the exchange goes. If someone wants to stop participating by disconnecting from the system, others can motivate them with BTT coins to stay and support the system.
One of the most unique things about BitTorrent is the fact that it shows the results of its work really fast. It is not like other cryptocurrencies that are mostly investment projects by their nature.
BTT technology has real, practical value. Its protocol helps to download files, especially large ones, faster and with less bandwidth.
Some people say that BitTorrent doesn’t make anything faster. Or, at least, they said it before BitTorrent Speed had been introduced. Operating as a balance tracker, it helps users to combine the control over both their wallet and the download process.
According to CoinMarketCap, there are 990 billion tokens that can ever be used in the market. 20% of the issued coins are reserved for the Tron Foundation. Also, there are 659.95B BTT’s, which are already circulating on the market.
Now it is time to talk about BTT price prediction. Will it increase or decrease? According to DigitalCoinPrice.com experts, the main BBT price prediction is its steady increase up to 2028. They expect BitTorrent crypto to gain $0.1 per coin till the end of 2021.
At the same time, the experts at Trading Beasts say that BitTorrent crypto is likely to become more expensive in 2021. They also expect the BTT crypto price to rise up to $0.1 on average and grow on a monthly basis after May 2021.
Coinpedia’s experts have a very optimistic prediction for BTT. They think that it has all chances to reach $1 by the end of 2021. They also say that it may rise up to $3 by 2023.
As you can see, there are different predictions. There is no definite answer as to whether it is a good investment or not. A crypto trader should make their own decisions based on the available information. As of now, it seems like BTT will impress us in the future (in a positive way).
Today, we answered the burning question of “What is Bit Torrent crypto?”, checked BTT coin price prediction, and how to get this crypto in 2021. We hope that this information will help any person, no matter how involved in crypto market life they are, better understand the market and BTT in particular.
