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BitTorrent’s evolution: From P2P file sharing to blockchain innovation
Launched in 2001, BitTorrent was a game-changer in the world of peer-to-peer (P2P) file sharing and accounted for one-third of all internet traffic within a few years of its initial release. However, as the internet evolved, the limitations of BitTorrent’s incentive structure became apparent and led to a decline in BitTorrent’s usage.
In 2018, the acquisition of BitTorrent by Tron marked the beginning of a new chapter. Tron expanded BitTorrent’s scope beyond file sharing by integrating blockchain technology. This led to the creation of new systems such as the BitTorrent Filesystem (BTFS) and, more recently, the BitTorrent Chain (BTTC). The BitTorrent (BTT) token is the utility token for each of the networks.
Launched in 2001, BitTorrent was a game-changer in the world of peer-to-peer (P2P) file sharing and accounted for one-third of all internet traffic within a few years of its initial release. However, as the internet evolved, the limitations of BitTorrent’s incentive structure became apparent and led to a decline in BitTorrent’s usage.
In 2018, the acquisition of BitTorrent by Tron marked the beginning of a new chapter. Tron expanded BitTorrent’s scope beyond file sharing by integrating blockchain technology. This led to the creation of new systems such as the BitTorrent Filesystem (BTFS) and, more recently, the BitTorrent Chain (BTTC). The BitTorrent (BTT) token is the utility token for each of the networks.
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