What is BitTorrent [New] (BTT)?

Deep Dive

1. Purpose & Value Proposition

BTT addresses inefficiencies in traditional P2P file-sharing by creating a tokenized ecosystem where users earn rewards for contributing resources. The original BitTorrent protocol struggled with “swarm decay” – users often stopped seeding files after downloading. BTT introduces BitTorrent Speed, a feature that lets downloaders bid BTT to incentivize seeders to stay active longer, ensuring files remain available (BitTorrent WhitepaperWhitePaperv0.8.7Feb_2019.pdf)).

2. Technology & Ecosystem

Built on TRON’s blockchain, BTT leverages TRC-10 for low-cost transactions. The ecosystem has expanded to include BTFS (BitTorrent File System), a decentralized storage network, and BTTC (BitTorrent Chain), a cross-chain scaling solution. These tools allow developers to build decentralized apps (dApps) while users earn BTT for sharing storage/bandwidth (BTFS Documentation).

3. Tokenomics & Governance

BTT has a fixed supply of 990 billion tokens. Initially distributed via airdrops, public/private sales, and ecosystem incentives, its primary utilities include:
- Network Participation: Earn BTT by seeding files or renting storage.
- Governance: Token holders influence protocol upgrades (via proposals like BTIP).
- Cross-Chain Transactions: Used for fees on BTTC to enable asset transfers across chains like Ethereum and BNB Chain.

Conclusion

BTT transforms BitTorrent’s legacy file-sharing protocol into a decentralized economy where users are rewarded for contributing resources. By integrating blockchain and expanding into storage/compute markets, it aims to underpin a more resilient, user-driven internet. How will BTT’s role evolve as decentralized infrastructure becomes critical for AI and Web3?