DownloadIcon
TO

Linear
Log

About BitTorrent

Category

Application token


BitTorrent Value Proposition


The BitTorrent price is $0.00, a change of 5.02% over the past 24 hours as of 8:46 a.m. The recent price action in BitTorrent left the token’s market capitalization at $831,508,524.00 USD. So far this year, BitTorrent has a change of -99.97%. BitTorrent is classified as a Application token under CoinDesk's Digital Asset Classification Standard (DACS).


BitTorrent (BTT) is a digital token based on a blockchain that powers some of the world’s most popular decentralized protocols and applications. BitTorrent itself is a decentralized file-sharing protocol that was developed in 2001 by computer programmer Bram Cohen. It was designed to facilitate the transfer of large computer files without a central server, and it is responsible for moving a significant percentage of the world’s internet traffic. Decentralized apps powered by BTT include BitTorrent Speed, BitTorrent File System and DLive.

BTT price

BTT was launched in 2019 through an initial exchange offering (IEO) on crypto exchange Binance’s Launchpad platform in two separate sales, including one for those who paid with the token native to the Tron blockchain, TRX, and the other for those who paid with Binance’s native exchange token, BNB. Within minutes of the public sale, all 59.8 billion BTT sold out for a total of about $7.2 million. Demand was so high for the token that Binance CEO Changpeng Zhao stated that the IEO would have taken 18 seconds if not for some technical issues on Binance’s end. All together, 962 investors participated in the sale.

Trading in BTT began to pick up in February 2021, and its price hit an all-time high of $0.013566 on April 5, 2021. After that, BTT’s price fell steadily until July 21, when it bottomed out at $0.002154. Its all-time low was $0.000138 on March 13, 2020.

How BitTorrent works

The BitTorrent peer-to-peer protocol boasts higher transmission rates than HTTP (hypertext transfer protocol) and FTP (file transfer protocol) because it is a distributed transfer protocol. BitTorrent finds users with files others want and then downloads pieces of the files from those users simultaneously, leading to higher download speeds. It has more than 100 million active users each month in 138 countries.

Key events and management

Cohen co-founded BitTorrent Inc. in 2014. So far, the company has raised $42.9 million, according to Crunchbase, including the ICO in 2019.

In 2018, BitTorrent was acquired by Chinese cryptocurrency company Tron, and Cohen left soon after that. He went on to launch Chia, which bills itself as an environmentally friendly cryptocurrency.

On Feb. 11, 2019, the BitTorrent Foundation initiated airdrops of BTT to TRON (TRX) holders and said it plans to continue doing so every year on Feb. 11 until 2025.


BitTorrent Market Cap

$831.51M

BitTorrent 24H Volume

$50.73M


BitTorrent Price

24H Open
$0.997e-7
24H Change
$0.000000
52 Week Low
$0
52 Week High
$0.005348
All Time High
$0.000005
Returns (YTD)
-99.97%

BitTorrent Market Stats

Total Supply
990.00T
Max Supply
990.00T
24H Value Transacted
N/A
30D Volatility
0.948627
24H Transaction Count
N/A
24H Average Transaction Fee
N/A

About BitTorrent

Category

Application token


BitTorrent Value Proposition


The BitTorrent price is $0.00, a change of 5.02% over the past 24 hours as of 8:46 a.m. The recent price action in BitTorrent left the token’s market capitalization at $831,508,524.00 USD. So far this year, BitTorrent has a change of -99.97%. BitTorrent is classified as a Application token under CoinDesk's Digital Asset Classification Standard (DACS).


BitTorrent (BTT) is a digital token based on a blockchain that powers some of the world’s most popular decentralized protocols and applications. BitTorrent itself is a decentralized file-sharing protocol that was developed in 2001 by computer programmer Bram Cohen. It was designed to facilitate the transfer of large computer files without a central server, and it is responsible for moving a significant percentage of the world’s internet traffic. Decentralized apps powered by BTT include BitTorrent Speed, BitTorrent File System and DLive.

BTT price

BTT was launched in 2019 through an initial exchange offering (IEO) on crypto exchange Binance’s Launchpad platform in two separate sales, including one for those who paid with the token native to the Tron blockchain, TRX, and the other for those who paid with Binance’s native exchange token, BNB. Within minutes of the public sale, all 59.8 billion BTT sold out for a total of about $7.2 million. Demand was so high for the token that Binance CEO Changpeng Zhao stated that the IEO would have taken 18 seconds if not for some technical issues on Binance’s end. All together, 962 investors participated in the sale.

Trading in BTT began to pick up in February 2021, and its price hit an all-time high of $0.013566 on April 5, 2021. After that, BTT’s price fell steadily until July 21, when it bottomed out at $0.002154. Its all-time low was $0.000138 on March 13, 2020.

How BitTorrent works

The BitTorrent peer-to-peer protocol boasts higher transmission rates than HTTP (hypertext transfer protocol) and FTP (file transfer protocol) because it is a distributed transfer protocol. BitTorrent finds users with files others want and then downloads pieces of the files from those users simultaneously, leading to higher download speeds. It has more than 100 million active users each month in 138 countries.

Key events and management

Cohen co-founded BitTorrent Inc. in 2014. So far, the company has raised $42.9 million, according to Crunchbase, including the ICO in 2019.

In 2018, BitTorrent was acquired by Chinese cryptocurrency company Tron, and Cohen left soon after that. He went on to launch Chia, which bills itself as an environmentally friendly cryptocurrency.

On Feb. 11, 2019, the BitTorrent Foundation initiated airdrops of BTT to TRON (TRX) holders and said it plans to continue doing so every year on Feb. 11 until 2025.


Market Analysis
Social Analysis

Trending Assets

Bitcoin Calculator

Last Updated on 07/05/22 8:46 AM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.


Latest About BitTorrent

CoinDesk - Unknown
Justin Sun's BitTorrent to Acquire Esports Platform for New Streaming Ecosystem

BitTorrent is evolving into an ecosystem of decentralized storage, data protocols and content distribution, the firm says.

CoinDesk - Unknown
CoinDesk - Unknown
Bram Cohen: 'Getting Rich Is a Terrible Metric of Success'

CoinDesk reporter Leigh Cuen sits down with Bram Cohen, author of the BitTorrent protocol and CEO of Chia.

CoinDesk - Unknown
CoinDesk - Unknown
BitTorrent Creator Bram Cohen Takes Over as CEO at Chia Network

Bram Cohen has taken over as CEO of his current company, Chia Network – a firm creating a less energy-intensive cryptocurrency.

CoinDesk - Unknown

Research Reports

All

Diving in deeper on cryptocurrency.

CoinDesk - Unknown
CoinDesk 2021 Annual Crypto Review

Thanks to 2021 most people have at least heard of crypto by now not just Bitcoin and Ethereum but altcoins like DOGE and SHIB as well as terms like NF Ts and the metaverse In Coin Desk Research’s 2021 Annual Crypto Review we aim to summarize some of the key themes and metrics that marked [...]

CoinDesk - Unknown
CoinDesk - Unknown
Building on the News: Introducing Layer 2 by CoinDesk

Our new digital magazine goes beyond the daily headlines to put crypto and blockchain developments in perspective.

CoinDesk - Unknown

Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.