A peer-to-peer communication protocol, BitTorrent facilitates online file sharing. The protocol was launched by BitTorrent Inc., an American company headquartered in San Francisco. The BitTorrent client was written in the C++ language by the founder of the protocol, Bram Cohen. There are mobile BitTorrent apps available for iOS and Android. BitTorrent, the company, also oversees uTorrent.
The BitTorrent network is very similar to Bitcoin in a number of ways. Both include decentralized information sharing, protection of users through randomly generated symbol lines and the absence of one administrative organ. BitTorrent Inc. was acquired by Tron in 2018. BitTorrent became prominent in the cryptocurrency industry after the launch of the BitTorrent token, with the ticker BTT, on Tron’s blockchain in 2019. The BTT crypto asset operates in the form of a TRC-10 token. BTT’s price spiked shortly after the launch, allowing the token to gain massive media attention.