BitTorrent Token fires 1,000% in 1 month; understand the reason Why CryptoFacil

BitTorrent Token fires 1,000% in 1 month; understand the reason

The token, from the point-to-point communication protocol for distributing BitTorrent files, is printing significant gains.

After all, in the last 7 days, crypto increased by 225%, from US $ 0.003 on March 29 to a current US $ 0.012 (R $ 0.068). In the accumulated monthly, the token has already appreciated more than 1,000%.

Only in the last 24 hours, during which the token registered its historic maximum price of US $ 0.012, the appreciation was higher than 57%.

The soaring price caused the market value of the crypto to exceed $ 13 billion for the first time. In this way, BTT was pushed very close to the 10 largest cryptocurrencies in market value.

About BitTorrent (BTT)

BitTorrent is one of the largest file sharing protocols decentralized in number of users.

The protocol was developed by Bram Cohen and launched in July 2001. In July 2018, the project was purchased by, from Justin Sun. Thus, BTT was built on the Tron blockchain and is a TRC-10 standard token.

The crypto aims to create a token-based economy for network resources, bandwidth and storage on the BitTorrent network.

More precisely, the token attempts to provide network participants with a way to “capture the value of bandwidth and storage allocation”.

In addition, in its new version, BitTorrent implements a tokenization with the BTT token. In this way, it helps content creators to connect with their followers and earn money without sharing their income with intermediaries.

Decentralized applications with BTT support include BitTorrent Speed, BitTorrent File System and DLive.

BitTorrent is traded on 74 exchanges, the main ones being: Upbit, Binance and OKEx.

About the high of BTT

The rise in crypto in the last 24 hours coincides with the announcement of some development updates made by the project on Sunday (4).

The update includes an increase in the decentralization of the network and the completion of the repair mode.

“BTFS Development Updates;
Increased decentralization of the BTFS network. Protect decentralized testing on both the client and server side [50%];

Repair mode [concluído];

Challenge mode [em andamento].”

By CryptoEasy

Risk Disclosure: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source

Get the latest news delivered to your inbox

Follow us on social media networks

PREV FGV admits preliminary study to replace IGP-M in rental contracts
NEXT Without owner, R $ 162.6 million from Mega da Virada can go to education – Brazil