Overview of BTTOLD
BTTOLD, originally known as BTT, is the incentive token native to the BitTorrent ecosystem. Launched on February 1, 2019, it has a total supply of 990,000,000,000 tokens. This token was designed to support and incentivize users within the world’s largest decentralized protocol, BitTorrent, which boasts a user base exceeding one billion.
BitTorrent Inc., the company behind the protocol, developed and maintains this widely adopted technology. Among various implementations of the software, BitTorrent and µTorrent remain the most popular.
A significant milestone occurred when BitTorrent entered a strategic partnership with the TRON blockchain protocol. This collaboration aimed to merge resources and expand the reach of both platforms, positioning TRON as one of the largest decentralized ecosystems and BitTorrent as a major decentralized application.
In July 2018, the TRON Foundation completed the acquisition of BitTorrent and its suite of products, setting the stage for the token’s introduction.
Founders and Historical Background
Bram Cohen, a renowned computer programmer often referred to as the “Father of BT,” invented the BitTorrent protocol in 2001. He later co-founded the BitTorrent company in September 2004. Beyond his work on BitTorrent, Cohen contributed to the development of CodeCon, organized the Bay Area p2p-hackers group, and played a key role in creating the Steam gaming platform.
The BitTorrent protocol revolutionized internet file-sharing, accounting for up to 70% of global internet traffic at its peak in 2006. Despite its technical success, the company struggled to develop a sustainable business model.
Following the acquisition by TRON, Bram Cohen departed from the company just 30 days later. Today, Justin Sun, the founder of TRON and a prominent figure in the cryptocurrency space, leads BitTorrent. His influence ensures that BTTOLD remains a topic of significant interest and discussion.
Market Performance and Data
As of the latest data, BTTOLD is trading at approximately $0.00000060126, with a 24-hour trading volume of around $1265.94. The token has experienced a decline of 2.33% over the past day. It currently holds a market cap ranking of #47 on major tracking platforms, though specific market capitalization figures are not publicly available. The circulating and total supply remains at 990 billion tokens.
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Frequently Asked Questions
What is the main purpose of BTTOLD?
BTTOLD was created to incentivize users within the BitTorrent network, rewarding them for sharing resources and maintaining the ecosystem’s decentralized nature. It aims to enhance file-sharing efficiency and user participation.
How does BitTorrent integrate with blockchain technology?
Through its partnership with TRON, BitTorrent leverages blockchain to decentralize control and enable token-based incentives. This integration supports a more robust and participatory network structure.
Who controls BitTorrent and BTTOLD today?
After the acquisition by TRON, Justin Sun took leadership of BitTorrent. His involvement has brought significant visibility and strategic shifts to the project’s development and marketing.
What is the total supply of BTTOLD?
The total supply is fixed at 990,000,000,000 tokens. This amount is fully circulating in the market.
Why did Bram Cohen leave BitTorrent?
Cohen departed shortly after the TRON acquisition, though specific reasons were not fully disclosed. Industry observers suggest differences in vision or strategic direction may have influenced the decision.
Where can I learn more about token economics?
For a detailed breakdown of token utility and ecosystem design, 👉 explore more strategies available on educational platforms.