- Okexchain plans to integrate BitTorrent
- This integration will allow users to transfer mainstream assets without any limit.
Brief on BitTorrent
Bram Cohen invented BitTorrent. He created it as a peer-to-peer file transmission protocol that allows users to transfer files worldwide. The BitTorrent Token (BTT), a TRC-10 token, was created using the TRON blockchain technology to expand the capabilities of the BitTorrent software. To bring some economic aspects into BitTorrent, the token has been created to allow sharing and trading networking, bandwidth, and storage resources. Another function that BitTorrent Token (BTT) offers is the ability to increase BitTorrent speed. If you want better download speeds in exchange for BTT tokens, this can be advantageous.
OkexChain will soon integrate BitTorrent
BitTorrent announced that OkexChain would soon integrate BitTorrent into its ecosystem.
📢@OKExChain will soon integrate #BitTorrent Chain, the first scalable heterogeneous cross-chain interoperability protocol!
🎯#BTTC allows users to transfer mainstream assets across multiple chains without any limit.
👉Try out our Testnet: https://t.co/zNWidMLnTw https://t.co/z4YGY4bYv2
— BitTorrent Inc. (@BitTorrent) October 30, 2021
Okexchain is an open-source, public blockchain technology developed by OKEx to develop blockchain-based trading applications for the cryptocurrency exchange market. It is intended to establish a safe and efficient decentralized-finance architecture that can be used to create a decentralized exchange, or DEX, that features community-based operations, transparent trading rules and allows users to control their assets. It is currently in the development stage.
This integration will allow users to transfer mainstream assets without any limit.
Future of BitTorrent
BitTorrent is already gaining mainstream adoption by a lot of users all over the world. BitTorrent is being used by an increasing number of individuals and organizations to distribute their original or licensed content (e.g., indie bands distributing digital files of their new songs). Independent adopters have stated that they would not be able to share their content if they did not use BitTorrent technology, which significantly reduces the demands on their private networking hardware and bandwidth, according to them.
The BitTorrent Protocol, which has over one billion users, is the most widely used decentralized protocol globally. BitTorrent invented the protocol and has been responsible for its development and maintenance since its beginnings. BitTorrent and Utorrent continue to be the most widely used of the many different implementations.
Because of a strategic relationship between the BitTorrent Protocol and the TRON Protocol, TRON is the world’s most extensive decentralized environment, and BitTorrent is the world’s most significant distributed application. TRON is the world’s most extensive decentralized environment, and BitTorrent is the world’s most significant distributed application.
BTT trades currently at 0.003958 USD according to the Coinmarketcap, with $1,121,336,807 in 24-hour trading volume. In the last 24 hours, BitTorrent has been up 5.73%.