Saturday, September 23, 2023

Will BitTorrent Hit the Moon?


The value of assets on the TRON blockchain has surpassed $50 billion. With over 100 million users, BitTorrent is the most popular file-sharing protocol on the planet.

A blockchain-based operating system called TRON and the BitTorrent protocol has joined forces to establish BitTorrent Chain (BTTC). The first cross-chain collaboration between TRON and BitTorrents is ushering in a new era.

Only three years after its inception, TRON has grown into a network capable of processing more than $10 billion in transactions on average each day, placing it on par with Ethereum as a competitive Layer 1 blockchain platform.

The total value of assets on the TRON blockchain has topped $50 billion, while the full value of TRON decentralized financial systems has surpassed $10 billion. Justin Sun’s expectations for the future of the TRON protocol were heightened as a result of these accomplishments.

Additionally, TRON incorporates the BTTC protocol, which implements Layer 2 technology. In the words of Justin Sun, the founder of TRON, Layer 1 of the TRON protocol will be focused on providing safe and quick settlement services at lower costs for financial institutions, crypto assets, and decentralized finance, among other things.

Asset Security Concerns BTTC Users

The new BitTorrent Chain cross-chain bridge protects against attacks and addresses specific and urgent requirements in this field that have arisen recently. Additionally, it lowers handling costs and speeds up transactions by enhancing primary chain throughput and transaction processing speed (TPS).

Meanwhile, developers may create speedier and less expensive apps by utilizing the BitTorrent Chain. Furthermore, the BitTorrent Chain ensures complete transparency of all nodes and custodial accounts and full transaction traceability for all transactions. All BitTorrent Chain users benefit from these security measures, which keep their assets safe.

With over 100 million users, BitTorrent is currently the most popular file-sharing protocol on the market. The TRON Foundation purchased the platform in 2018. However, the project could not get off the ground until 2019. The BTT Price ended the year 2020 at $0.0002 per share.

Following that, the price began to rise progressively. A large number of organizations provided valuable assistance to BitTorrent. At one point in mid-February, the price soared from $0.0005 to $0.0129 before plunging to $0.0005.

It had rebounded to $0.002849 by the end of July. The month of August opened with a moderate price increase, reaching $0.004829. According to CoinMarketCap, the price of BitTorrent today is $0.003485, with a 24-hour trading volume of $441,144,572 USD, according to the company.

A potential cryptocurrency, BitTorrent, lets investors enter the profitable cryptocurrency sector relatively quickly. It will also continue to improve the overall performance of its platform, which will result in a broader market for its cryptocurrency. According to market forecasters, the upward trend in BTT will continue in 2021, and the stock will eventually reach the moon.


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