#CryptoRegulation
BitTorrent Chain (BTTC) has a long and interesting history. Here are some key points about its origins ¹ ²:
- *Origins*: BitTorrent Chain is actually not a blockchain, but a peer-to-peer (P2P) network for sharing files and data created in 2001 by Bram Cohen and David Harrison.
- *Acquisition by TRON Foundation*: In 2018, BitTorrent Chain was acquired by the TRON Foundation led by Justin Sun. After the acquisition, the TRON Foundation retained the original BitTorrent Chain team and its business model, but added blockchain technology and the BTTC token as the primary payment method.
- *Introduction of BTTC Token*: The BTTC token was introduced as a TRC-10 token used to pay for bandwidth and faster download speeds within the BitTorrent Chain network. This token can also be bought and sold in the cryptocurrency market.
- *Development of BitTorrent Chain*: After the acquisition, BitTorrent Chain continued to evolve with the addition of new features such as BitTorrent Chain Speed and BitTorrent Chain File System (BTFS). BTFS allows users to store files with a decentralized and secure infrastructure.
- *Future of BitTorrent Chain*: With the ongoing development of blockchain and cryptocurrency technology, BitTorrent Chain has the potential to become a more popular P2P platform for storing, managing, sharing, and downloading data and files.
Thus, BitTorrent Chain has evolved from a simple P2P network into a more complex ecosystem with blockchain and cryptocurrency technology.$