$BTTC Here is the information about BTTC (BitTorrent Chain):
When was it created?
* The original BitTorrent platform was created in 2001 by Bram Cohen.
* In 2018, the TRON Foundation, led by Justin Sun, acquired BitTorrent.
* The BitTorrent token (BTT), which uses the TRC-10 standard of the TRON blockchain, was publicly launched in an Initial Coin Offering (ICO) in 2019.
Who created it?
* The original BitTorrent platform was created by developer Bram Cohen.
* The BTTC cryptocurrency token was introduced by the TRON Foundation after acquiring BitTorrent in 2018.
What was it created for?
The main objective of BTTC is to improve the efficiency of the BitTorrent network and address issues such as slow download speeds and low file availability over time. The BTT token serves to incentivize network participants:
* For users (requesters): They can use BTT to request files or increase the speed of their downloads.
* For providers (seeders): They receive and can sell BTT as compensation for sharing files on their systems, encouraging more users to keep files available on the network.
In summary, BTTC seeks to create a decentralized ecosystem that utilizes blockchain technology and cryptocurrencies to make peer-to-peer file sharing faster, more efficient, and secure.
