Logo BitTorrent BTT

Largest decentralized P2P communications protocol for distributing data and large files over the Internet

0.003406 -9.85%

What is BitTorrent?

BitTorrent is a popular peer to peer file sharing platform founded in 2001 by Bram Cohen. The platform is made free for all users, hence resulting in the company unable to monetize their service. In 2018, BitTorrent was acquired by Tron Foundation, the creator of TRON blockchain platform. Under the TRON network, BitTorrent created a TRC-10 cryptographic token-based economy for networking, bandwidth and storage usage, called BitTorrent Token (BTT). Their vision is to enable network participants to benefit from shared bandwidth and build the foundation for the decentralized web by providing an infrastructure platform for developers.

BitTorrent Project Investors ($42.9M)

Accel, DCM Ventures, NON-fungible Chan, DAG Ventures.