BitTorrent [New] (BTT)
- Official Website: bittorrent.com
- Definition: BitTorrent is a decentralized file-sharing protocol, and BTT is its native cryptocurrency used for incentivizing file sharing.
- Category: Blockchain, Utility, Token.
- What It Is: A platform for decentralized file sharing and content distribution.
- Function: Enables users to share files and earn BTT tokens in return.
- Analogy: Think of BitTorrent as a digital library. You can borrow and lend files, and get rewarded for sharing.
- Pros: Decentralized, strong use case for file sharing, large user base.
- Cons: Centralization concerns, competition from other file-sharing platforms.
- Controversies: Criticism of tokenomics, regulatory risks.
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This page was last updated on January 28, 2025.
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