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Millions of 90s kids and older adults remember using BitTorrent, Bram Cohen’s original peer-to-peer torrenting service. It would surprise them that BitTorrent now has its own cryptocurrency to help power the torrenting ecosystem. Ever since cryptocurrency company TRON purchased BTT, it’s been possible to earn and use this unique crypto on the platform.
While BTT now functions as a currency paired with BitTorrent, that doesn’t mean you now need to pay to use the file-sharing service. Rather, the torrent program automatically administers your earnings within the system. As you seed files for other users, you earn BTT for doing something that you previously did unpaid. If you do not alter the settings in the torrent application, it will automatically bid your BTT back into the ecosystem to give you download priority. In effect, the token primarily exists to encourage and reward healthy, positive behavior within the ecosystem. However, you can also buy and sell BTT independent of BitTorrent.
BTT has a tumultuous financial history and rapidly climbed to more than $8 billion market cap and $0.01 value in the early months after its launch, but since then, it has seen dramatic rises and falls. Nonetheless, it maintains a considerable market cap and has a unique underlying value to ensure it always stays on the map.
Who created BTT?
Brahm Cohen created BitTorrent almost a decade before the original launch of Bitcoin, although it had the peer-to-peer nature of the program in common. Almost another decade on from Bitcoin’s launch, TRON purchased BitTorrent and elevated it to the status of a cryptocurrency platform. They created BitTorrent Token to create a way to reward individuals for supporting the torrenting platform. Within BitTorrent, BTT works as a reward and payment mechanism wherein users can also pay their tokens for prioritized download speed.
How do I exchange and trade BitTorrent?
There are some remarkably novel ways to earn BTT, namely by helping BitTorrent seed torrent files. Since it has no conventional mining, this is the only way to earn BitTorrent directly. If you want to earn BTT to then trade it, your other option is to purchase and sell the coin via an exchange. By making an account with an exchange and depositing funds in its wallet, you will be able to trade other currencies for BTT. Alternatively, depositing your BitTorrent Token in the wallet will let you trade for other currencies.
Exchange BTT using Rubix
We recommend trading and exchanging BTT using Rubix for the best experience. With so many exchanges on the market, it can be difficult to choose. However, we stand out by providing the latest data and executing trades in record time. Furthermore, thanks to our innovative security protocols, trading is always easy with our ample liquidity pools, and you can rest assured that your money is safe.
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