What is BitTorrent currency
BitTorrent is a decentralized digital currency that uses peer-to-peer technology to allow users to transfer funds without the need for a central authority. It was created in 2009 by programmer Bram Cohen, and since then has become one of the most popular cryptocurrencies in existence. Unlike traditional currencies, BitTorrent does not require any third party or intermediary to facilitate transactions; instead, it relies on its own distributed network of computers called “nodes” which validate each transaction before it is added into the blockchain ledger. This makes BitTorrent an incredibly secure form of payment that can be used anywhere around the world with minimal fees and no risk of inflation or devaluation due to central bank intervention.
Unlike other cryptocurrencies such as Bitcoin or Ethereum which are mined using specialized hardware like ASICs (Application Specific Integrated Circuits) , BitTorrent tokens (BTT) are earned through seeding files on torrent networks such as uTorent . Seeding involves uploading parts of files so they can be downloaded faster by others who want them; these seeders receive BTT tokens from those downloading their file as reward for providing this service . The more you seed files ,the higher your rewards will be! Additionally ,users have access to various features within uTorent including private messaging & chat rooms where they can discuss topics related to cryptocurrency trading & investing while also earning additional BTT through tipping other users with their coins .
By utilizing its unique distributed network architecture combined with incentives offered by rewarding users for seeding content over torrent networks ,Bit Torrent aims at becoming a major player in global payments space while bringing financial inclusion & accessibility across all corners around world !
