In December 2022, the BitTorrent Token ($BTTC ) underwent a significant upgrade, migrating from a TRC10 token to a TRC20 token, which brought improvements in terms of scalability and flexibility to the ecosystem. As part of this change, the conversion was made at the ratio of 1 BTTC (old) = 1,000 BTTC (new).
This means that for every 1 BTTC of the old version, 1,000 BTTC of the new version (TRC20) were allocated. As a result, the total supply of tokens has increased considerably, with the amount of BTTC in the market jumping to trillions of tokens.
Monetization of Data Exchange with BTC on the P2P Network
BitTorrent Token (BTTC) is not only a token for transactions, but also plays a key role in the BitTorrent peer-to-peer (P2P) network. BTTC can be used to monetize data exchange within this decentralized network, where users can pay and receive tokens in exchange for sharing files and resources.
As data generation and sharing in the digital ecosystem is virtually infinite, BTTC facilitates the monetization of this data exchange between P2P network participants by creating a financial incentive for users to contribute their sharing power. The high availability of BTTC tokens, with trillions of units in circulation, is essential to ensuring that this data economy continues to flow without interruption.
The Large Amount of $BTTC :
With data being generated at a near-infinite scale, the large supply of BTTC tokens helps to prevent token scarcity in the ecosystem for a long period of time. The abundance of tokens ensures that P2P network participants can always transact to share and monetize data without worrying about the token supply running out quickly.
This increase in the amount of circulating tokens is a strategic measure to ensure that the network continues to operate efficiently and without limitations, encouraging more users to participate in data sharing and monetization. With the P2P network being the backbone of BitTorrent, the high availability of BTTC also promotes adoption and growth of the project.
Benefits of this High Availability:
Long-term sustainability: The large supply of BTTC helps ensure that the project has a sufficient supply of tokens to support the continued growth of the P2P network.
Ease of data monetization: The abundance of tokens makes it easier to monetize data exchange on the P2P network, encouraging more users to share and utilize resources.
Avoids scarcity: The high supply of BTCC helps prevent scarcity of the token, which could limit network usage and transactions in the ecosystem.
This update reflects the project's ongoing efforts to increase the utility of BTTC, improve ecosystem stability, and enable a more sustainable future for data sharing within the BitTorrent P2P network.
