BitTorrent Chain, Here To Protect BTT.
Who doesn't know this token, who else is stuck in BTT...? Maybe on this occasion some of you still hold BTT as a crypto asset. There is good news for BTT and in this post we will discuss the future of BTT which is said to be making its own blockchain.
What is BTT..?
BTT stands for Bit Torrent Token.
Bit Torrent is a file sharing platform protocol that was founded in 2001 by Bram Cohen, an entrepreneur and developer, although it can be used to share any file, it is usually used to share pirated movies and applications.
Amazingly bittorrent can escape various legal cases by arguing that each user shares their own files, bittorrent has 100 million active users in 138 countries, in July 2018 bittorrent was acquired by Tron for a value of 140 million dollars. On February 2019 BTT launched its network on Tron, on January 18, 2021 BTT gained success on Binance's Laundspace with total sales of more than seven million dollars.
One of the things that makes BTT successful is the bittorrent brand that is embedded in the hearts of every user, thanks to a very good brand BTT was able to crawl to the top of the coinmarketcap list, currently BTT is ranked 82.
What is the use case BTT
The BTT use case is for transactions on the BitTorrent platform, one of which is for the BitTorrent speech menu, we will also get a reward in the form of BTT tokens if someone else downloads our files, only a slight obstacle because bittorrent is more famous for pirated programs.
So maybe not many people want to pay to get pirated software or movies, for us, if you want to watch free movies, download movies or download pirated programs, the capacity is now enough in my opinion. You don't have to buy a big peach anymore. I don't know if the user is an institution, this is just my view as a user too.
Second is to vote. every BTT holder has the right to vote.
Thirdly, as a reward token for TRX traders, each BTT holder will
get BTT as airdrop.
Fourth, as the token of the DLive ecosystem, DLive is the blockchain version of Tiktok and YouTube. The difference between DLive with Tiktok and YouTube is that Dlive is a live video platform and content creators will get a reward in the form of BTT tokens.
This can be said to be another version of Steemit but only focuses on DLive broadcasting, DLive provides 100% reviews for content creators. On DLive we can also plug in BTT tokens, the current BTT use case is not too much and the price is difficult to get back to the old time but Justin Sane some time ago announced the gamechanger for BTT, namely BTTC.
BTTC is BitTorrent Chain which is Layer to solution, for the main login it is Tron, so it's like an etherium polygon. Just imagine the training screen like a toll road in the middle, the main road is usually used for scalability issues if Justin said BTTC will become a global settlement layer while Tron focuses on fast and secure transaction services.
But to be honest, I'm a little confused as to why Tron needs a layer to solution, if etherium is indeed a congested blog channel that makes the price expensive. So he needs a solution, that's why there is matic while Tron is cheap at the moment, after using Binance margin or even cheaper Tron's wedding network transfer fee is only 1USDT.
So basically BitTorrent will present BitTorrent Chain as its blockchain, BitTorrent Chain is ready to protect BitTorrent from all problems.