FILECOIN
FILECOIN
Coin: BITTORRENT (BTT)
BitTorrent has provided crucial peer-to-peer file sharing capabilities for almost two decades allowing users to share and send information.
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Tokenomics
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Security
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Scalability
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Decentralisation
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Applications
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Team & Developers
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Usage & Adoption
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Community Strength
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Overall Rating
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Investors:
Binance Labs, TRON Foundation
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BitTorrent was established in 2004 by Bram Cohen and Ashwin Navin as a peer-to-peer file sharing service using Torrents. Torrenting is a method of distributing data in digital file that allows users to share information and data, peer to peer. In 2018 Chinese millionaire Justin Sun bought BitTorrent for $140 million and birthed it into the blockchain world launching the BitTorent Blockchain. This blockchain has provided a fast, efficient and accessible method to store and send data using the protocol’s native token, the BitTorrent Token.
The BitTorrent token, or BTT, is a utility token used to access a variety of features on the BitTorrent network including file sharing and File Storage solutions. Further the token is given as a reward to those contributing to the platform known as seeds. Finally, the Project has recently partnered with Chinese Tech company Huawei to become part of their Mobile Services ecosystem. Coverage of Bittorent is brought to you by Platypus Terminal.
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