BitTorrent. The name may seem familiar to many millennials who used the popular file-sharing site in the early 2000s to download movies and music. It fell into obscurity after it failed to monetize its service. Eventually, it disappeared until Justin Sun and the Tron Foundation gave BitTorrent a second chance. The organization bought BitTorrent in 2019 and introduced a new cryptocurrency called BitTorrent token (BTT).
With BTT, BitTorrent hopes to monetize their service as they failed to do in years past. The token aims to incentivize torrenting and also solve problems like slow download speed and file availability. To do this, users buy BTT and can spend it to increase download speed or request certain files. Meanwhile, providers need to receive and sell BTT to get compensation for sharing the files on the system.
This new version of BTT is certainly popular amongst old and new tech enthusiasts alike, causing its price to rise over the years.
YouHodler aggregates prices from top centralized exchanges to provide an accurate BTT price and charts.
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