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What is BitTorrent & BTTC?

BitTorrent is one of the largest decentralized peer-to-peer (P2P) file-sharing platforms. It’s powered by the Tron blockchain and BTTC, a TRC-10 utility token. BTTC is used to incentivize users on the network to provide their local computer resources for fast download speed and secure decentralized storage.

What is BTTC & BTFS?

This service enables users to request greater download speeds and bandwidth which they can buy with BTTC from providers. The BitTorrent Chain network hosts another dApp, known as the BitTorrent Chain File System. BTFS provides file storage with decentralized infrastructure where users can keep their data securely.

How does BitTorrent chain work?

BitTorrent Chain uses smart contracts to develop decentralized applications and facilitate services such as BitTorrent Chain Speed. This service enables users to request greater download speeds and bandwidth which they can buy with BTTC from providers. The BitTorrent Chain network hosts another dApp, known as the BitTorrent Chain File System.

What is BitTorrent & BTFS (BitTorrent file system)?

Further, in 2020, BitTorrent introduced the BitTorrent Speed network, which incentivized users to share their bandwidth and contribute to the network, and in 2021, the company introduced the BitTorrent File System (BTFS), a decentralized storage platform built on the BitTorrent protocol.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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