Every day more people than before use the networks Peer to Peer (P2P) they turn In a peer-to-peer network, nodes or computers connected to each other communicate and exchange data without the need for a ceral system; That is, each of them “peer” each other and none of them has priority or corol over the other. BitTorre digital currencythe network and its protocol are an example of a peer-to-peer network for uploading, downloading and sharing files.
With this definition, you may have noticed similarities between peer-to-peer networks and blockchain-based networks. Just as the nodes of a peer-to-peer network communicate with each other without the presence of a ceral system, the nodes of a blockchain are connected precisely without cerality, and that is why this set of nodes in the network Deceralized we say. In fact, the nodes of a blockchain communicate through a peer-to-peer system (P2P for short) and form a deceralized network.
What is bittorre?
BitTorreA file transfer protocol Peer-to-Peer and Deceralized. The BitTorre program is also an application for desktop and mobile with which you can upload and download differe files and share them for other downloaders to use.
The main reason professionals are ierested in using peer-to-peer (P2P) networks and protocols is that these types of systems increase network throughput and scalability. In a peer-to-peer network, any computer that is online and has access to the Iernet has the ability to become a Node It has a network.
Read more: What is peer-to-peer?
In fact, BitTorre is a peer-to-peer file sharing program or protocol that was originally developed in 2001 by Bram Cohen And David Harrison Released. The goal of the creators of this network was to greatly reduce the long waiting time for downloading large files on the Iernet.
What is BTT Token?
BitTorre digital currency (BTT) In February 2019 on Tron blockchain Launched. BTT token from token standard TRC-10 It is special for the Tron blockchain. Of course, in 2021, this token was moved to the TRC-20 standard to access more speed and capabilities; So the new token coinues with the symbol BTT, but the previous token is displayed with the symbol BTTold.
Currely, BitTorre digital currency in two Deceralized application (DApp) is used in the BitTorre network. Users and participas of BitTorre Speed ​​and BitTorre Filesystem are rewarded with BTT tokens.
Read more: What are Deceralized Applications (DApps)?
What is bittorre chain?
BitTorre Chainto which for short BTTC They say, in December 2021 Launched. This chain is a blockchain scaling solution and an ieractive protocol on the Tron blockchain.
The BTT digital currency is also used in the BitTorre chain, except for use in the BitTorre Speed ​​and BitTorre File System deceralized programs described above. The BTT token will be used as a Gas fee in the transactions of this chain and will also be staked by validators to participate in the security and governance of the network.
History Bit torre
Due to the speed and efficiency of BitTorre compared to other transfer protocols on the Iernet, per year 2005 About 35% of the total iernet traffic was allocated to torre. A figure that shows the incredible success of this project compared to other competitors. This means that many people used this protocol to download their files.
However, when Iernet speeds increased in 2008, BitTorre's popularity and popularity steadily waned over time, to the poi where many people now don't even know such a protocol exists for downloading files.
As a result, BitTorre struggled to monetize its service and was then acquired by the Tron Foundation in 2019. It should be noted that the Tron Foundation is the same organization that also built and developed the famous and popular Tron blockchain.
Read more: What is Tron? Full iroduction of Tron blockchain and TRX currency
After that, the new owners of BitTorre, the native token of this network with the abbreviation symbol BTT Turns out, they launched through an Initial Coin Offering (ICO) process; With the aim of developing the BitTorre protocol and expanding its users.
Read more: What is Initial Coin Offering or ICO? Attracting capital through digital currencies
In addition to selling its tokens through the initial coin offering, the project distributed the rest of the token supply to BitTorre Foundation, Tron Foundation, Airdrops and the project ecosystem.
How does bittorre work?
The BitTorre peer-to-peer transfer protocol is distinct from other data transfer protocols on the Iernet, such as HTTP protocols and FTP file transfer protocols. The BitTorre protocol requests “random” parts of a file from peer-to-peer nodes and can often download multiple parts simultaneously from differe sources. Compared to protocol like FTP or HTTP protocol, BitTorre protocol approx Quadruple It worked faster.
A protocol used to send files such as text, photos, and videos. Hypertext Transfer Protocol or HTTP for short is named. It should be noted that all of us iernet users, as soon as we open our web browser, are actually using the HTTP protocol. Similarly, File Transfer Protocol or FTP for short It enables users to store files on computer systems, upload or download and transfer them from one place to another on the Iernet.
Seeding and sharing files on BitTorre
The way BitTorre works is that every user who downloads a torre file becomes one of the nodes that other users can use to download his torre file. This process in which users share their downloaded torre files with other downloaders is called seeding.
In the past, the torre downloader was not rewarded for seeding or uploading coe to subseque downloaders after the download was complete. With the launch of BitTorre Speed, this mechanism was changed so that seeders are rewarded with BTT cryptocurrency.
In addition, BitTorre Speed ​​users can also increase their download speed by paying BTT token. Also, users can use BitTorreSpeed ​​wallet to store BTT and other digital currencies.
Transactions and validations on BTTC
The BitTorre Chain Bridge or BTTC Bridge supports the transfer of assets between Ethereum Virtual Machine (EVM) compatible blockchains such as Binance Smart Chain and the Ethereum and Tron blockchains. Therefore, ier-chain transactions take place between these blockchains.
Read more: What is Ethereum?
In cross-chain communication, validators regularly package BTC blocks and transfer them to the Binance Smart Chain, Ethereum, and Tron networks. They are rewarded for this operation.
The BitTorre chain uses a Proof of Stake (PoS) consensus mechanism and its security is ensured by the activity of validators. The average cost of gas in this chain is less than $0.01. This mechanism significaly reduces transaction costs. Validators on the BitTorre chain stake the BTT cryptocurrency to create blocks, validate and confirm transactions, and participate in the proof-of-stake consensus mechanism.
Developers and building deceralized financial applications (dApps) on BTTC
Developers can start building deceralized financial applications in the fields of DeFi, NFT, GameFi and other web3 applications on BTTC. BitTorre chain is a second layer (L2) solution for Tron, Ethereum and Binance blockchains; Therefore, it provides an environme for developers to build their applications on this network.
Read more: What is Web 3.0? The future Iernet codenamed Web 3.0
BTTC aims to solve scalability problems in this field. This chain has a high transaction rate per second (TPS) and low transaction fees. It is also compatible with the Ethereum Virtual Machine (EVM), and Ethereum developers can port their deceralized finance applications to the chain. For this reason, BTTC is considered an ideal option for building deceralized applications.
Comparison BitTorre with other file transfer protocols
In the traditional download method, the file is usually downloaded from a source, such as a server; But BitTorre works differely.
When a user downloads a file using BitTorre, he is actually connecting to several other users (his peers on the network) who have the same file or parts of it. So instead of downloading the eire file from a source or server,
Requests differe parts of the file from differe sources or nodes at the same time.
This method helps to download faster and more efficiely, because differe random parts of the file can be downloaded simultaneously from differe sources. The word “random” here means that BitTorre chooses which parts of the file to download from which nodes based on the availability and speed of the nodes. This process is in corast to the linear download of the file from the beginning to the end in the traditional way.
How to earn BTT with bittorre speed?
First step: The BitTorre platform has three differe versions; Web version, Classic BitTorre And BitTorre for Android. To access the BitTorre Speed ​​deceralized application, you must first download one of the versions of BitTorre Web (for Mac and Windows) or BitTorre Classic (for Windows) (Bittorre.com).
second stage: At this poi you need to activate your BitTorre Speed ​​wallet. If you have the latest version of BitTorre Classic or BitTorreWeb, the BitTorre digital wallet will automatically activate for you and show your BTT token balance. If the wallet is not active, click on “Speed” and then click on “Create a Wallet” as shown in the picture below.
Here you need to choose a strong password and then write down the 12-word recovery phrase that the program gives you in a safe place. Your BitTorre wallet is now activated and you will see it by clicking on the “Wallet” option at the top left of the screen.
third level: Start using the program and download torre files. When a torre file is finished downloading, you can automatically earn BTT by seeding that file or sharing it with other downloaders. BTT tokens are stored in your in-app wallet and you can transfer them to another wallet.
BitTorre File System
BitTorre File System, or BTFS for short, is a deceralized file storage system. This deceralized application consists of two compones: hosts and reers. Hosts provide their storage space to earn BTT cryptocurrency and reers consume that storage space by paying BTT token.
Frequely asked questions
Increasing the number of connections in the BitTorre settings to 150, increasing the slots per torre to 3-5 and increasing the connections per torre to 100 will increase your speed.
Depending on the iernet service provider you use, you may need to change the IP to use this system.
Yes; You can use clies other than BitTorre to use and download torre files.
Currely Trustwallet, Metamsk, BitTorreSpeed ​​and Ledger are the best BTT token wallets.
Conclusion
In this article, we learned about BitTorre, its chain (BTTC) and the native token of this network, BTT. The BitTorre (BTT) digital currency is built on the Tron blockchain and can be obtained using a program of the same name. BitTorre is a program for uploading, downloading and sharing torre files.
This system also includes two deceralized programs called “BitTorre Speed” and “BitTorre File System”, which allow their users to earn BTT tokens. Of course, apart from these applications, the BTT token also has many uses in the BTTC chain.
The BTTC chain is also a second-layer scaling solution that uses a proof-of-stake (PoS) mechanism. Validators in this chain guaraee the security of the blockchain by staking their tokens and receive rewards. Also, this chain is programmable and supports smart coracts. BitTorre is considered a good environme for developing deceralized applications due to its high transaction rate per second and low transaction cost.
