What Makes BitTorrent Unique?īitTorrent’s original goal was to disrupt the legacy entertainment industry and how consumers obtain content.Įxpensive and inefficient distribution networks were the main target, with original developer Bram Cohen seeing benefits in allowing internet users to distribute content among themselves directly. The move formed part of TRON’s efforts to add further decentralized features to the platform. TRON is also behind the addition of cryptocurrency to BitTorrent, as the BTT token was released on TRON’s blockchain. Sun is notorious for his plugging of both TRON as a cryptocurrency and its blockchain technology, bidding $4.5 million at a charity auction to have lunch with Warren Buffett (well-known anti-crypto figure) and discuss cryptocurrency with him.
In 2018, TRON completed its acquisition of BitTorrent, bringing BitTorrent under the control of Justin Sun. The platform has seen multiple legal battles, with Cohen maintaining that it does not break copyright laws in allowing users to share files such as music and movies among themselves. The original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who himself has since become well known in the cryptocurrency arena.Ĭohen has explained that he designed BitTorrent to usurp the dated entertainment industry, which made obtaining material slow and expensive. BTT was launched on TRON’s own blockchain, using its TRC-10 standard.Īccording to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world. Since its acquisition, BitTorrent has added various new tools, with a dedicated native cryptocurrency token, BTT, released in February 2019. Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018.
#Will bittorrent coin reach 1 torrent
The Market Cap has increased by $3.BitTorrent is a popular peer-to-peer ( P2P) file sharing and torrent platform which has become increasingly decentralized in recent years. Then person B comes along and buys 1 Bitcoin (just ONE) for $10.2K. So if person A buys 100 Bitcoins for $10K each, then the Market Cap is $10K TIMES ~17 million coins = $170 billion. Remember, the formula is LAST trade price TIMES circulating supply. It must be ready to move to count.”Īlso, to show you how stupid market cap as a metric is: The number of actual liquid coins is a very small fraction of all coins literally, all the liquid coins are on some form of exchange, whether it be a conventional crypto exchange, a trading app on your phone, etc. From the source, “It’s the number of LIQUID coins that are immediately ready for trade not speculator-Hedl coins, not escrowed coins, not lost coins, not burned coins, not reserve coins, not contractually-restricted coins, or any other conceivable condition by which a coin is not liquid, ESPECIALLY.dadadaaa. The price is based on liquid supply and demand. The price isn’t based on market cap, the market cap is based on the last trade price x circulating supply. But go ahead and stay ignorant if you want.
0 kommentar(er)
