Where BitTorrent’s BTT is Accepted Locally and Globally
BTT is the utility token of BitTorrent Inc. (which is now almost old enough to drink!) Riding on the popularity of BitTorrent (practically a household name) and having achieved a top 50 CoinMarketCap rank, it’s accepted by real-world businesses as payment via crypto payment processors. It’s accepted, among others, by Tin Pan Alley, offering some aesthetically striking cool tech gadgets in Australia.
Who accepts BTT…
Are you an Entrepreneur, freelancer, or manager of a business accepting cryptocurrency?
Should you buy BTT?
If recent price movements early in 2021 are any indication, yes! Accelerating blockchainization of entertainment and digitization of life bode well for this content coin. In 2018 BitTorrent was acquired by TRON, the decentralize-the-web mammoth, and they issued BTT as a TRC-20 token running on the TRON blockchain. A few of BTT’s use cases…
- Ever been irked by slow torrent downloads? BitTorrent Speed is for you, it enables faster downloads and is paid for with BTT.
- Virtual tipping of creators; BTT will be introduced to the DLive ecosystem to power virtual gifting, subscriptions, and viewer rewards.
- It will be used by the BitTorrent File System (BTFS) to incentivize a fair and abundant file system. BTFS aims to compete with the likes of Dropbox and Google Drive.
Skeptics will point out that BTT faces legal challenges and controversy, as it enables torrenting of copyrighted movies, TV shows, video games, and a lot more — but this is what BitTorrent has been up against for nearly two decades, I don’t think copyright law will kill it at this point!
About BitTorrent
You likely have some familiarity with BitTorrent, it’s the go-to for those who want to download for free, well, almost anything downloadable! It’s the world’s largest file-sharing protocol.
The BitTorrent protocol, created by BitTorrent Inc., facilitates the exchange of files between untrusted parties. Its primary limitation is that collaborations between parties using the protocol cannot persist over time, inhibiting the exchange. Blockchain technologies allow for collaborations between untrusted parties to persist over much longer periods of time. BitTorrent has the ecosystem and expertise necessary to integrate blockchain technologies into the BitTorrent protocol. Doing so would both eliminate the protocol’s existing flaw as well as open up a new borderless economy in exchanging value for computing resources on a global scale.
from the BitTorrent (BTT) White Paper
