Review on BitTorrent by Ogulnar Annamuhammedova

BitTorrent is a peer-to-peer protocol that exchanges files between Internet users who store files on their computers. The algorithms used in the torrent protocol provide reliable and fast decentralized file exchange using client programs. Using the BitTorrent client has made it much easier to find and download movies, books, audio recordings and other files.

BTT is a cryptocurrency powered by the TRON blockchain, created to expand the functionality of the BitTorrent platform. BTT is the official token of the BitTorrent protocol. Thanks to the use of BTT tokens, you can pay for network services, provide data storage, and increase the speed of file exchange.

In addition, BTT cryptocurrency is successfully used as a means of payment. In fact, the BTT cryptocurrency issued on the Tron blockchain (this is a TRC-10 standard token) is a competing counterpart to the ETH cryptocurrency issued on the Ethereum blockchain (it is an ERC-20 standard token). The BitTorrent protocol, the Tron blockchain platform and the BTT cryptocurrency form a single decentralized ecosystem, which is used by more than a billion people (this is the world's largest P2P network).

Its development is financed by the Bittorrent Foundation LTD (registered from 04.11.2018 in Singapore) and TRON Foundation LIMITED (registered on 28.07.2017 in Singapore, owner Justin Sun).

The BitTorrent project is the development of Bram Cohen, a high-tech authority on the same level as the mythical Satoshi Nakamoto. B. Cohen in 2021 is dynamically promoting Chia Network - his cryptocurrency project, which is a payment system with a digital coin XCH, which uses mining on high-volume media. The XCH cryptocurrency is positioned by Cohen's team as an energy efficient alternative to Bitcoin and other coins powered by the PoW consensus algorithm.

The BitTorrent protocol and client programs for working with it have been developed since September 22, 2004 by the American company BitTorrent, Inc headquartered in San Francisco, USA, founded by B. Cohen and Ashwin Navin.

In 2018, BitTorrent was acquired by blockchain startup TRON Foundation, after which Bram Cohen left and began developing his own cryptocurrency project called Chia Network.

To empower BitTorrent of the year, the BTT cryptocurrency was created. It is used as a means of payment, as well as to pay for commercial services, including BitTorrent Speed, BitTorrent File System, Dlive and others.

From a technical point of view, BitTorrent is a TRC-10 token created using a smart contract based on the TRON blockchain (therefore, it is impossible to mine BTT cryptocurrency). You can earn BTT tokens by supporting torrent distributions by client programs from BitTorrent.