BitTorrent is a communication protocol for sharing files between users over the Internet (P2P). It is a decentralized system where users download fragmented files from other users, instead of relying on a single server. The use of BitTorrent, known as 'torrenting', is legal if the content can be legally downloaded or uploaded, but it can be illegal if used to download protected content without permission.
BitTorrent Old, also known as BTTOLD, is the old version of the BTT token, which was used in the BitTorrent protocol before the migration to BitTorrent Chain (BTTC). BTTOLD tokens were TRC-10 tokens on the TRON blockchain, and have now been replaced by the new TRC-20 BTT tokens (or BTTC on some platforms like Binance).
In summary: BTTOLD is the old token of BitTorrent, which is no longer actively used and has been replaced by the new BTT token (or BTTC).
More details:
Decentralized protocol:
BitTorrent allows multiple users to share pieces of a file with each other, which can result in faster download speeds compared to traditional download methods.
BTTOLD:
TRC-10 token on the TRON blockchain, associated with the BitTorrent protocol before the migration to BTTC.
Migration to BTTC:
BitTorrent migrated to BitTorrent Chain (BTTC) and, as part of this transition, the BTT tokens were redenominated from TRC-10 to TRC-20.
BTT (or BTTC):
The current token of the BitTorrent ecosystem, which is a TRC-20 token on the TRON blockchain.
Why the migration?
The migration to BTTC and the redenomination of the tokens aimed to improve the efficiency and functionalities of the BitTorrent ecosystem.
BTTOLD on exchange platforms:
Some exchange platforms no longer support BTTOLD, as it has been replaced by the new BTT.