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About BitTorrent(BTTOLD)
What is BitTorrent?
BitTorrent is a peer-to-peer (P2P) file-sharing protocol that allows users to distribute digital files over the internet. Unlike traditional methods where you download files from a single central server, BitTorrent shares the downloading load among multiple computers. This approach speeds up downloads and lowers the costs associated with hosting large files. Popular for sharing large files like movies, games, and software, BitTorrent has been a go-to solution since its creation by Bram Cohen in 2001.
Resources
Official Whitepaper: https://www.bittorrent.com/btt/btt-docs/BitTorrent_(BTT)_White_Paper_v0.8.7_Feb_2019.pdf
Official Website: https://bt.io/
How Does BitTorrent Work?
BitTorrent operates on a simple yet effective principle: divide and conquer. A file to be shared is split into small pieces, typically ranging from a few kilobytes to a few megabytes. These pieces are then distributed among multiple hosts or "peers" who have either partial or full copies of the file.
- Torrent File Creation: The original uploader creates a torrent file, which is a metadata file containing information about the file pieces, their sizes, and how they fit together.
- Seeding: The original uploader (also known as the 'seed') starts sharing the file. They become the first source for these file pieces.
- Torrent Client: Users wishing to download the file use a specialized BitTorrent client software to open the torrent file.
- Locating Peers: The client software connects to a tracker or uses Distributed Hash Table (DHT) to find other peers that have the file or pieces of it.
- Downloading and Uploading: As a user downloads pieces of the file, they simultaneously upload these pieces to other peers, contributing to the network's overall speed and efficiency.
- Reassembly: Once all pieces of the file are downloaded, they are reassembled into the original file for the user to access.
- Continued Sharing: Even after the download is complete, a user can continue to act as a peer, offering file pieces to others.
What is BitTorrent Token (BTTOLD)?
BTTOLD Token, commonly known as BitTorrent Token (Old), is a cryptographic token associated with the BitTorrent ecosystem. It aims to incentivize file-sharing by rewarding users with tokens for seeding files longer or providing higher download speeds. The token was launched to monetize the existing BitTorrent protocol further and make it more effective and efficient.
Which Factors Affect BitTorrent Token (BTTOLD) Price?
Like any other cryptocurrency, the price of BTTOLD is affected by a multitude of factors:
- Supply and Demand: The most basic economic principle. If more people want to buy BTTOLD than sell it, the price will go up, and vice versa.
- Regulatory Changes: Legal frameworks around cryptocurrencies significantly influence investor sentiment, impacting the price.
- Market Sentiment: News, social media buzz, and other public opinions can significantly impact the price in the short term.
- Technological Changes: Updates or issues within the BitTorrent ecosystem or broader blockchain">blockchain technology can influence the price.
- Economic Events: Larger economic factors, like inflation rates or financial crises, can also affect cryptocurrency prices, including BTTOLD.
- Utility: The more useful and widely adopted BTTOLD becomes, the more likely it is to gain intrinsic value, affecting its price positively.
- Competitive Landscape: The presence and performance of competitors in the P2P file-sharing or blockchain space can also influence the BTTOLD price.
Conclusion
In summary, BitTorrent revolutionized the way we share and distribute data over the Internet by leveraging the collective power of its users. The introduction of BTTOLD Token added a financial incentive layer, aiming to make the ecosystem more robust. However, like all cryptocurrencies, BTTOLD’s value is subject to a wide range of factors that potential investors should carefully consider.
BTTOLD to local currency
Crypto calculator- 1 BTTOLD to USD$0
- 1 BTTOLD to JPY0.0013976325
- 1 BTTOLD to VND0.0013976325
- 1 BTTOLD to RUB0.0013976325
- 1 BTTOLD to EUR (Español)0.0013976325
- 1 BTTOLD to TRY0.0013976325
- 1 BTTOLD to EUR (Italiano)0.0013976325
- 1 BTTOLD to EUR (Français)0.0013976325
- 1 BTTOLD to EUR (Deutsch)0.0013976325
- 1 BTTOLD to CNY0.0013976325
- 1 BTTOLD to TWD0.0013976325
- 1 BTTOLD to EUR (Português)0.0013976325
- 1 BTTOLD to IDR0.0013976325
- 1 BTTOLD to THB0.0013976325
- 1 BTTOLD to PLN0.0013976325
- 1 BTTOLD to UAH0.0013976325
- 1 BTTOLD to UZS0.0013976325
- 1 BTTOLD to SAR0.0013976325
- 1 BTTOLD to PHP0.0013976325
Trade BTTOLD perpetual futures
After having successfully signed up on Bitget and purchased USDT or BTTOLD tokens, you can start trading derivatives, including BTTOLD futures and margin trading to increase your income.
The current price of BTTOLD is $0.001398, with a 24h price change of +170.37%. Traders can profit by either going long or short onBTTOLD futures.
Join BTTOLD copy trading by following elite traders.
BitTorrent news
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BitTorrent Social Data
In the last 24 hours, the social media sentiment score for BitTorrent was 3, and the social media sentiment towards BitTorrent price trend was Bullish. The overall BitTorrent social media score was 0, which ranks 288 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with BitTorrent being mentioned with a frequency ratio of 0.01%, ranking 283 among all cryptocurrencies.
In the last 24 hours, there were a total of 449 unique users discussing BitTorrent, with a total of BitTorrent mentions of 76. However, compared to the previous 24-hour period, the number of unique users increase by 8%, and the total number of mentions has decrease by 32%.
On Twitter, there were a total of 1 tweets mentioning BitTorrent in the last 24 hours. Among them, 0% are bullish on BitTorrent, 0% are bearish on BitTorrent, and 100% are neutral on BitTorrent.
On Reddit, there were 18 posts mentioning BitTorrent in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 5% . Additionally, there were 0 comments mentioning BitTorrent. Compared to the previous 24-hour period, the number of mentions decrease by 0%.
Visão geral das redes sociais
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