BitTorrent Price(BTTOLD)

BitTorrent is fundamentally a decentralized file-sharing protocol designed to allow users to distribute large digital files over the internet without the need for a central server. Introduced in 2001 by computer programmer Bram Cohen, BitTorrent has gained immense popularity due to its efficiency and speed.

Core Objectives

The primary aim of BitTorrent is to enhance the sharing of digital content while minimising the costs associated with hosting large files. Unlike traditional file transfer systems, which rely on central servers to host files, BitTorrent fragments files into smaller pieces. Each piece is distributed among numerous peers, or users, who either have parts of the file or are in the process of downloading it.

The decentralized nature of BitTorrent not only enhances download speeds but also reduces the burden on individual hosts, making it a scalable solution for file sharing. The introduction of the BitTorrent Token (BTT) aims to leverage this protocol within the framework of blockchain technology, further enhancing the efficiency and security of file distribution.