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Jalilabad
3 Level
64 Review
45 Karma

Review on BitTorrent by Huseyn Akberov

Revainrating 4 out of 5

My thoughts and some facts about StrongBlock

Bittorent Coin, acquired by blockchain platform TRON in July 2018, is available in July. Since its acquisition, BitTorrent has used a variety of tools in conversion with BTT, a special local cryptocurrency token released in February 2019. BTT, TRON is launched on its own blockchain network using the TRC-10 standard. According to the official statement, BitTorrent is currently the largest decentralized P2P communication protocol in the world. BTT is launched on TRON's own blockchain network using the TRC-10 standard.

Bittorent Coin release date is 2018. Coin is known as the brilliant idea of Bram Cohen, a developer and entrepreneur who has gained recognition in the cryptocurrency ecosystem since the very beginning. Cohen explains that he designed BitTorrent to breathe new life into the outdated entertainment industry, where it was slow and expensive to get content. Because the platform allows users to share files such as music and movies among themselves, it is the subject of many legal lawsuits in which Cohen argues that he did not break copyright laws. In 2018, TRON completes the BitTorrent acquisition, which puts BitTorrent under Justin Sun's control. Sun made his name by promoting TRON both as a cryptocurrency and as a blockchain technology by bidding $4.5 million at an auction to have lunch with billionaire investor Warren Buffett, a well-known anti-cryptocurrency figure, and talk to him about cryptocurrency. TRON is also the name behind the launch of the BTT token on the TRON blockchain, as well as the addition of cryptocurrency to the BitTorrent system.

Bittorent Coin's country It's San Francisco. Based in San Francisco, BitTorrent is the company behind the largest decentralized P2P communication protocol for distributing data and large files over the Internet. The protocol is responsible for transporting a significant percentage of the world's internet traffic every day. The company currently develops products on the basis of two brands: BitTorrent and μTorrent, which offer popular torrent download clients for Windows, Mac and Android. BitTorrent, which has more than 100 million active users every month, offers secure torrent programs with rich features for the desktop, a browser-based torrent streaming and download product, and a mobile torrent downloader offered through Google Play.

To get Bittorent Coin, you need to create accounts through cryptocurrency exchange platforms. Cryptocurrency exchanges such as Binance, Huobi and KuCoin stand out in terms of trading volume. BTT/TRY transactions can be made from Turkey through cryptocurrency trading platforms such as Paribu and Bitci. After you create an account with your personal credentials, activating your account with KYC approval is sufficient for the first steps. After creating an active balance with EFT, it can be traded through Bittorent pairs or stored in the wallet.

The Bittorent Coin engineis stated to include the highest level of security measures to protect user funds. However, it is also a well-known fact that cryptocurrencies have risks that arise due to their nature. The company recommends that users protect themselves from thefts in the form of malware or similar programs using options such as biometric verification. The BTT network provides services through seeding or hosting. This service, which is provided in exchange for BTT, is an advantageous method for tokens. Files that have been fully downloaded with a BitTorrent client remain within the reach of other sharers for some time before being taken from the share. To make this concept viable, BitTorrent launches BitTorrent Speed in the second quarter of 2019, which will provide faster downloads for users who choose to pay seeders with BTT. Thus, downloaders download their files faster with resource priority, while seeders and hostesses benefit from payments made in exchange for providing bandwidth service to the network. TRON works to encourage users who download files in this way to seed even if the downloads are finished. The fact that users do not continue to seeding becomes a significant disadvantage for the BitTorrent protocol. BTT transactions are approved with blockchain technology to prevent any cheating.

Pros
  • with the help of BTT tokens, faster downloads and faster networks are created.
  • BTT tokens are supported by the TRON blockchain. At this point, it is advantageous because it has TRC-10 compatibility.
Cons
  • The disadvantage of BitTorrent (BTT) Coin is price volatility, as in any cryptocurrency. In order to protect against this, it is careful to order trade with instant price tracking.
  • It is vulnerable to possible attacks on the network if stored in an online wallet. It is preferable to store it in an offline wallet.