The modern virtual market continues to expand and develop, which is associated with the emergence of new digital currencies. Now financial transactions can be carried out using a personal computer or a conventional mobile device. Today, BitTorrent cryptocurrency enjoys a certain popularity.

About the BitTorrent project

Cryptocurrency is a token that has recently caused quite a stir in the market to expand the capabilities of the network of the same name. The key purpose of the coin remains to increase the efficiency of BitTorrent functioning. As a result, the project can provide users with access to a full-fledged decentralized Internet. System developers have such global plans.

BitTorrent features

The authors propose to use BTT as a universal mechanism for carrying out various transactions in computing resources. The token is the main unit of these financial transactions. Experts note that adding a coin will not only expand the network resource protocol, but also increase the systems throughput.

In the course of the project, developers also want to expand additional services that are related to storage, computing and platform availability. For this, the following conditions are created:

The user has the ability to download resources directly from the creator.
Performers receive tips in cryptocurrency during live broadcasts.
Fans can accumulate contributions through smart contracts. This will really set up crowdfunding for creative work.
Thus, the implementation of any BitTorrent transaction makes it possible not only to get the desired file, but also to make good money on tips. By the way, no transaction fees are charged, and the first clients receive the status of the top uTorrent Classic.

In 2019, token sales are very surprising to specialists. Nobody expected such interest in cryptocurrency. The early days led to such a stir that even the largest exchange, Binance, could not cope with the influx of applicants.

Today, digital currency can be purchased on various exchanges. We identified the TOP 5 most convenient platforms for operations with BitTorrent:

Bithumb is a crypto exchange that features a high level of security, investment diversification, no commission for withdrawals, and excellent liquidity.
Huobi is an exchange with a user-friendly interface, technical analysis tools, and a professional asset valuation system. Here, transactions with the BTT cryptocurrency are carried out in a very short period of time.
CoinSuper has established itself as an excellent platform for trading US dollars and digital currencies. It is also resistant to external hacker attacks, has an intuitive interface, binary options and a simple verification procedure.
BitForex is a universal crypto exchange with simple registration, low commission on financial transactions and a functional commercial terminal. The developers guarantee full protection for all BitTorrent transactions and other types of cryptocurrencies.
Upbit facilitates transactions with high liquidity, makes it possible to replenish the currency deposit with a wide range of altcoins. All transactions on the exchange are protected by a special password, for which the system charges approximately 0.1% of all financial transactions.
These are not all sites where you can buy or sell VTT tokens. You can also use OKEx, Dragonex, Livecoin, Tokenomy or CoinEx. A detailed course of BitTorrent cryptocurrency, ways of storing it and other information can be found on the official website. You can also download the desktop or mobile version of the wallet here. The owner of the company Tron Justin Sun is going to introduce new platforms for storing currency. In Q3 2019, the developers added TRX support to the uTorrent wallet. Special integration of BitTorrent with dApps is starting now. Lets see how such innovations will end at the beginning of the next calendar year.

How BitTorrent is created

The project began in 2001, when the creator of the BitTorrent cryptocurrency Bram Cohen wrote a new protocol. It allowed not only to exchange information, but also to quickly distribute it. His program became the worlds first peer-to-peer network. Today there are already several thousand different torrent trackers that still have the same technology. All files are divided into separate parts in the form of fragments. They will need to be connected into a single whole. The user, downloading a piece, sends it to the rest. This is how the system works on the web.

In July 2018, the well-known firm Tron buys a special file-sharing protocol BitTorrent. Now the network is being combined with blockchains. As a result, the Atlas project was created with the BitTorrent crypt. After this merger, several dozen employees resigned in protest. Therefore, now a new team is being formed and a vision of the further concept of the platform development.

The official launch of the cryptocurrency is considered January 28, 2019. On this day, she first appeared on the Binance exchange. The authors were able to sell 60 billion tokens in just 15 minutes, which brought the project a profit of $ 7 billion. Some experts call this ICO the most successful in 2019. Although it is too early to guess, since the calendar year is not over yet.

The authors of the project claim that today BitTorrent has about 170 million customers with 40 percent traffic in processing. Not a bad indicator for such a decentralized internet system. Users can exchange music, movies, books, or upload a variety of files to the platform.

Is BitTorrent endless?

Experts have different opinions about the further development of the platform. Although at the beginning of the year, the system made a lot of noise. The developers are not going to dwell on this further. Now tokens are worth three times higher than during the initial sale. Further change in the course will depend directly on the development of the digital market. But there are certain factors that affect the outlook and pricing of VTT:

The system is actively supported by Binance CEO Changpeng Zhao. Although the Chinese exchange cares more about its assets.
40% of the emission is in the hands of the authors of the project. This can lead to speculation with the exchange rate.
The developers want to increase the number of users to 200 million. But it is not a fact that all of them will take part in commercial operations. Today their number is only 10 million.
The project development strategy is not clearly formulated. Therefore, marketing is aimed only at users who know little about the crypto community.
Support from major trading exchanges remains a positive factor. Thus, the system is more accessible and easier to use.
Some experts, of course, are skeptical about the development of the project, focusing on youth and a large number of problems. They are confident that VTT is overvalued. Trons algorithm is written in Java, which can lead to negative consequences for the network. Many users from developed countries who do not like pirated content are using torrenting less and less. Although this is a controversial statement.

But the outlook could be positive due to a powerful social media advertising campaign. The authors constantly post videos with answers to pressing questions and publish the latest news. It cannot be said now that cryptocurrency was created for financial fraud. In early 2020, it will be seen how the developers will develop the project. In turn, the distribution of tokens will be carried out through the Airdrop. The team plans to give away coins for free for the next 6 years. This process will take place in several stages.

Strengths of BitTorrent

The token was created on the basis of a special TRC-10 standard, which became an analogue of ERC-20 coins. This currency is aimed at practical application, and not at speculation of the rate. It acts as a payment system on the torrent. It is supposed to encourage users who display relevant and high-quality content the most. Moreover, BitTorrent already has a ready-made platform with a significant number of users. Blockchains, in turn, will become assistants in increasing the download and upload speed in the system. Therefore, payment can be received simply in VTT tokens.

These coins, like any type of cryptocurrency, have their own advantages and disadvantages. Lets take a look at the obvious pros first:

Full development of the ecosystem by improving the functionality of the platform.
Help in implementing new approaches in third-party applications. Since the functionality of the system is very light and fast.
The system benefits from stimulating seeds. This helps the constant downloading of different files.
You dont need to pay any commission fees.
The concept of further development and technical documentation are very clearly described. Any user can figure it out.
Thus, the advantages of the system will help you quickly find new users and potential investors. Although there are certain disadvantages that significantly affect the popularity of the crypt:

Updates that have occurred after purchasing Tron do not guarantee an increase in network speed. For example, former employees are confident that the new platform will not cope with the technical capacity.
A mass layoff may not have a very positive effect on the platform. Since the BitTorrent cryptocurrency was created by some developers, and others should support it. This will take some time.
There is a threat of network freezing due to the slow blockchain. The project pursues ambitious goals, for the implementation of which at least 500 transactions per second are required.
Experts do not exclude an artificial increase in the exchange rate. More than 40% of all coins are in the hands of developers.
Cryptocurrency is being promoted too actively, inviting even celebrities from Hollywood. Sponsored posts regularly appear on social networks. They are hosted by people who are very far from the digital market. Such marketing is too aggressive for users.
Therefore, the authors of the project need to pay attention to these disadvantages. Unless, of course, the Tron company uses currency only for regular earnings on young investors.

There is no need for mining on the network, since the developers took the DPoS algorithm as a basis instead of the traditional POW. "Delegates" are selected by a special voting method. They ensure the stable operation of the system, receiving a certain reward for this. Also, bonuses are received by all who voted for them. But the creators have not yet announced the size of the awards.

BitTorrent in TOP currencies

At the end of January 2019, after the sensational ICO, coins began to appear on the largest exchanges. You could find tokens, for example, on Bittrex, Bithumb, HitBTC. Today Upbit, OKEx and Binance remain the main trading platforms for these tokens.

The market value of BTT is only $ 0.0003 with a capitalization of approximately 59 million (66th place). This is not an indicator that the currency is too popular among users. But experts associate this fact with the youth of the project.

The creators of the platform consider the token as a special third generation digital currency. They plan on Web 3.0 to remove all intermediaries that interfere with direct contact between users. Although at this stage, cryptocurrency is more interesting to developers than to users. Experts believe that closer cooperation with large companies is needed. You also need to organize a powerful advertising campaign that will explain the benefits of the project.