BitTorrent is a peer-to-peer (P2P) file-sharing platform. It is becoming popular among crypto investors due to the proof of stake technology (POS). Today at the time of writing this post BitTorrent’s current price is $0.0007294. According to the coin market cap, BitTorrent’s rating is # 209 and it has a circulating supply of 990,000,000,000 BTTOLD coins.
To buy BitTorrent at the current rate you can visit the top crypto exchanges including Bitget, PancakeSwap (V2) and Biswap. However, there are various other crypto exchanges from where you can buy your favourite cryptocurrency. Now let’s understand what BitTorrent is and why should you invest in it.
is BitTorrent good investment top 2 reasons
1. Team BitTorrent is aggressively working on their upcoming projects. there are various reasons to invest in this currency some of the important reasons are web 3.0 and POS. Let’s understand both of them one by one. Today time has changed and people want advanced technology and the web 3.o is the latest web technology. Web 1.0 was the beginning of websites and applications in static form where users were not able to interact with the application instead they were only able to read the information.
Web 2.0 is the current technology where users are able to like, comment, share and interact with the applications. Whereas web 3.0 has several advanced features some of them are artificial intelligence, semantic web, and ubiquitous computing.
2. Another important reason to invest in BitTorrent is a proof of stake technology. There are two important blockchain technologies POS and POW, their work is to transfer the files from one exchange to another exchange or platform. For transferring the file they charge a gas fee from users. For example, if you are transferring some coins from Binance exchange to Wazirx or trust wallet then while transferring 1000 coins some coins are auto deducted as gas fees.
More coins are deducted as gas fees in proof of work technology in comparison to POS and Ethereum is a POW technology which is transferring your files or coins in blockchain from one platform to another.
You might be thinking why they charge more gas fees it is because the technology Ethereum uses POW which is a highly energy-intensive technology hence people have to pay more gas fees. Whereas proof of stake is less energy intensive therefore charging low gas fees for transferring the files. BitTorrent is a peer-to-peer file-sharing network built on proof of stake technology which means less energy intensive and therefore low gas fees.
However, some other networks are also using the proof of stake technology and Cardano is one of the fastest growing among all. BitTorrent has a very low price and this is the correct time to invest in this goldmine technology for the future.
A developer and entrepreneur Bram Cohen founded BitTorrent. In 2018 BitTorrent came under the control of Justin Sun. BTT token was released on trons blockchain since the BTT token was released on trones blockchain it is considered that tron is behind the addition of BitTorrent cryptocurrency.
The total BTT supply on white paper is 990,000,000,000 BTT. This is a huge figure and 6% of it was available for public token sale whereas 2% of tokens were available for private token sale and 9% in a seed sale. Airdrop is very popular not only in the cryptocurrency world but also in other platforms. There 20.1% btt tokens are reserved for Airdrops which will be distributed among users till 2025.