BitTorrent, purchased in 2022 by the founder of the TRON platform Justin Sun, released a new version of the uTorrent client, BitTorrent Speed, on July 9. BitTorrent is the most famous P2P protocol for free file sharing, which was launched in 2001 by the famous developer Bram Cohen. The idea of the update is that those who want to speed up file downloading pay “seeders” (from the English “Seeder” - users who own the full version of the distributed files) in BTT tokens. The latter, in turn, are financially motivated to distribute content longer, which increases their throughput.
Sun announced the release of BTT in early 2022. Tokens have been traded on dozens of crypto exchanges for more than six months. They can be exchanged for other cryptocurrencies and then transferred to fiat. Thus, what torrent users have been doing for free for years can now generate income. New BitTorrent Speed users will receive welcome tokens in the amount of 10 BTT. As Justin Sun and BitTorrent VP Justin Noll explained in an online AMA (Ask Me Anything) the day before release, the “gift” is needed to provide an initial download for the service.
BitTorrent Speed is currently only available for Windows users, as most torrent clients use this operating system. Subsequent releases will expand coverage to Mac and Linux. You can download BitTorrent from the official landing page or through the corresponding button on the platform’s website.
During the AMA, Sun emphasized that BitTorrent will not only change the way the company operates, but will also make a great contribution to the development of the crypto community: “I believe that BitTorrent Speed is not only about increasing speed, but also about the future ability to convert and exchange cryptocurrencies for users from all over the world. This is important not only for the company’s current clients, but also for the entire blockchain industry. By launching the product, we will introduce the concept of cryptocurrency to “newbies” as well, thus increasing the crypto community as a whole.”
BitTorrent Background
At the dawn of the 21st century, in the early 2000s, the Internet was rapidly developing throughout the world, and there was an urgent need to deliver “heavy content” to users. But normal video streaming and even mp3 files were not yet possible due to the low Internet speed.
Bram Cohen very skillfully and timely took advantage of this drawback .
In 2001, he developed BitTorrent - a protocol (language) and a torrent application of the same name, for convenient decentralized exchange of files (movies, games, music, books) directly between users united in one network. Over the course of several years, the network of BitTorrent has grown to incredible proportions.
A huge number of torrent clients have been created that run on the Cohen protocol. Including the most well-known to Russians, UTorrent. In those years, it was difficult to find someone who did not know about torrents. But the years passed and the situation changed. Internet speeds practically doubled every year, and in 2005 YouTube was created, which by 2010 had gained a very significant share of the video streaming market. Bram Cohen's file-sharing technology has begun to be replaced by video streaming over the Internet. However, BitTorrent survived and won its market share due to its loyal customers who wanted to download files to their computers at high speed and in perfect quality. In addition, many people prefer to store their favorite movies, games and other content that is important to them on their computer, despite the ability to access them via the Internet at any time.
In 2022, the Tron Foundation TRON (TRX) creator Justin Sun acquired the BitTorrent project for $140 million. Bram Cohen remained on the board of directors. In American companies, such castlings happen often - they do not hold onto positions and act purely for rational reasons.
It’s just that the creator of Tron had knowledge in the crypto industry and a clear plan on how to take
BitTorrent to a new level, and Cohen sold it to him. Quite a pragmatic decision, especially since at that time he was already working on his new ambitious project Chia .
Thus, in 2022, the BitTorrent received a second wind, with the creation of the BTT , and innovations that allowed anyone to earn money by distributing and storing files using a home computer. And receive payment in BTT . Currently: August 2022, BitTorrent is the largest P2P protocol for exchanging files over the Internet, used by more than 150 million users.
Torrent Options: Best BitTorrent Clients for Linux
There is no shortage of Linux torrent software. Transfer is probably the best choice for most users. Since it is the standard Linux software client for torrenting on Ubuntu, it is a great choice. Deluge, uTorrent, despite its additional customization, and Transmission are all related to torrent automation software such as SickRage and CouchPotato.
Vuze and Frostwire are great for tasks like media playback and organization. Stremio comes in as a completely different platform that boasts streaming as well as a powerful multimedia array. Want to truly dominate the Linux HTPC scene? Check out these 10 best Linux media center distributions.
Your Turn: Which Linux torrent clients do you recommend?
Recording source: https://www.smarthomebeginner.com
Characteristics of BitTorrent
BTT is issued on the TRON based on the TRC-10 standard, so technically BitTorrent is a token and not a cryptocurrency ( what's the difference? ). The maximum supply of BTT is 990 billion.
The main functions that the BTT are:
- Acceleration of file downloads on the largest file-sharing network of the same name Bitorrent BTT token distributors and receive higher download speeds for this.
- Payment for file storage to BTFS (I’ll talk about this below)
BTT does not need mining
The BTT network operates on the DPoS algorithm, which does not require mining. This means that energy-intensive mining procedures will not be used. The operation of the digital currency will be supported by so-called validators, who, in turn, will be elected by users.
The TRX network operates in the same mode, for which representatives of Ethereum throw mud at it (remember Vitalik Buterin’s words about “a pile of centralized garbage”).
Scheme of operation of the DPoS consensus algorithm
How does the BitTorrent network work and what role does the BTT token play in it?
So, BitTorrent is a decentralized network for fragmented storage of files on the computers of network participants. And when you download a movie or video game, you connect directly to other users' nodes, which feed you the necessary pieces of the file stored on their hard drives. Immediately after your computer receives file fragments, it begins to distribute them to other users, and so on. But distribution can be disabled. According to statistics, about 70-80% do this, which is why the download speed of downloading users decreases. To solve this problem, the BitTorrent developers created a mechanism for paying those who distribute files with BTT tokens to speed up downloading. The more users share file fragments, the higher the download speed of that file.
Thus, file owners on their PC provide part of their disk space in exchange for a reward in BTT tokens, which can then be withdrawn to the exchange, exchanged there for fiat money and withdrawn to a bank card. Now, many are engaged in this way of earning money by downloading huge libraries of films, games, music and books and distributing them.
By analogy with using hard drives to make money, BitTorrent creator Bram Cohen implemented coin farming in his new blockchain project Chia . The project was launched in 2021 and is developing successfully.
What do you need to get BTT?
To do this, you do not need to register on the exchange, but you must own Tron tokens. TRX cryptocurrency should be placed in the wallet that participates in the free distribution of coins. Tron Wallet is perfect for this. The coin can also be purchased on numerous exchanges such as Binance or Bithumb. All users of the Bittorrent network will be able to earn BTT by sharing movies and music.
Pavel Lagutin, a company representative in Russia, spoke about how this will affect the development of the network:
The new motivation for sharing files will attract even more users to the network. There are already more than 170 million people online. And there will be more. We initially created the token in order to obtain an effective mechanism for rewarding user work.
BitTorrent cryptocurrency: price today, technical analysis, and where to buy it
BTT is traded on almost all crypto exchanges. Now the coin costs this much:
BTTUSDT chart from TradingView
BitTorrent cryptocurrency: buy for rubles
Purchasing this token is no different from purchasing other assets. I recommend buying on the largest crypto exchange in the Euro-Asian space - with the initial purchase of any stablecoin (as the main deposit currency) without commission and with the subsequent purchase of BTT with a 5% cashback. Link - picture below. You can view the full technical analysis by clicking on the trading view link in the right rectangle “Technical analysis of BTT/USDT”
Technical analysis of BTTUSDT from TradingView
Part 4. Conclusion
When you have a Windows PC, removing unwanted programs is easy, but as you'll notice, it's a different story when you have a Mac. Some Mac software or applications are even more difficult to remove from your device. This article explains how to uninstall BitTorrent on Mac manually and using an app.
However, manually deleting BitTorrent can be time-consuming and inconvenient. Many users are unable to find associated BitTorrent files. This is why it is more effective to use a program that can remove the application and any associated files with just a few clicks. This article explained how to use the PowerMyMac Uninstaller to completely remove BitTorrent and related files. Now you can rest easy knowing that this method has removed all unnecessary files from your Mac.
Advantages and Disadvantages of BTT
The main advantage of the BTT token is its utility for ordinary users. It speeds up downloading files and allows you to earn money by providing free disk space on a regular computer. The token was created on the blockchain of the promising Tron cryptocurrency, which can process up to 1000 transactions per second, and the network commission is only a few cents for any volume.
A significant disadvantage can be considered the large final issue - 990 billion. With such a huge number of tokens, the price for one token is unlikely to ever exceed $1. This will require BTT's capitalization to be at least $990 billion, which is almost a trillion dollars. Although, the crypto market has been growing by leaps and bounds in recent years. Who knows, maybe in 10 years the capitalization of the top 50 cryptocurrencies will amount to trillions.
Crypto wallets for storing BTT
You can store BitTorrent in any Tron wallet that supports TRC-20 tokens. Here is a list of popular wallets for storing BTT tokens:
- Ledger is a hardware wallet for cold storage of large amounts of crypto.
- BittorrentSpeed is an original application for speeding up file downloads and receiving rewards for seeding users with a built-in browser wallet for BTT.
- Trust Wallet is a multi-currency wallet in the form of an application for smartphones with the function of buying and selling cryptocurrencies.
- TronLink is the original TRX wallet for all TRC-20 tokens. It is also available as a mobile application for iOS and Android.
Bittorrent.inspsearch.com removal instructions (Bittorrent.inspsearch.com removal)
Bittorrent.inspsearch.com is a browser hijacker that download managers are distributed online through DomaIQ.
It belongs to the “Inspsearch” group of hijackers, which also includes members such as Omigaplus.inspsearch.com, Govome.inspsearch.com, Utorrent.inspsearch.com, Airzip.inspsearch.com and several others. Once inside, the hijacker changes your browser settings without your consent and makes other changes like inserting ads into visited pages, causing redirects and more. It ruins and slows down your surfing. That is why we advise you to waste no time and eliminate Bittorrent.inspsearch.com from your browser as soon as you can.
How to earn BTT on your home computer
Earning money by sharing files
It is not difficult. The client is easy to install and has minimal settings. You just need to download interesting content onto your hard drive. Launch the client and tokens will be awarded automatically as files are distributed.
Install the BittorrentSpeed client (https://www.bittorrent.com/ru/) on your computer. The program includes a torrent client and a wallet for storing BTT.
After installation, open the client and go to the “BitTorrent Speed” tab to launch it. Next, simply follow the recommendations for creating a wallet. The wallet will be browser-based. Be sure to save and write down the 12-word “Mnemonic Phrase” and password to enter the wallet. Upon completion of this procedure, you will be awarded bonus BTT tokens.
To start distributing files through a torrent tracker, add the files you have chosen by clicking the “Add a torrent file from your computer” button.
How much BTT can you earn from an airdrop?
The more users download your files, the more income you earn. The BitTorrent Speed program is installed on 2 billion computers, and there are more than 150 million active users - these are impressive figures. Therefore, if you make a good library of files, you can earn about $10 per day per distribution from one Internet channel, practically on autopilot. But I repeat - you need to collect a lot of in-demand, popular content, at least enough for a terabyte.
Maximum income will be limited by Internet speed. But if you want to do this seriously, then no one is stopping you from making several Internet channels.
Earning money by storing files
You can earn BTT for storing files using the BTFS node. Potential income, as can be seen from the node calculator, is 256 BTT per month for 32 GB. For convenience, let’s calculate for 1 TB = 8000 WTT = $33 = 2475 rubles. at the exchange rate as of 08/29/21. A 1 TB hard drive costs approximately 3,000 rubles. It turns out that the payback period is a little more than a month. But, not everything is so simple, of course. They set the maximum price - a marketing ploy, like everywhere else. In reality, the payment will be 5 times lower. That is, you can count on the payback of hard drives in about six months. Which isn't even a bad thing.
The Node itself is well implemented. But the process of reaching the point of starting a set of contracts is quite long. First you need to achieve a rating of 8.0, which is given mainly for continuously being online. This may take 2-4 weeks, but for this you need to do everything without errors. I’ll tell you what mistakes I made that ultimately did not allow me to complete this process until I started receiving contracts.
- The node is downloaded from the BitTorrent website https://www.bittorrent.com/ru/token/bittorrent-file-system/.
- Immediately after downloading, you need to disable ALL anti-virus programs and the firewall, as they will interfere with the operation of the node. Ideally, this node needs a separate computer, separate storage devices and the Internet.
- Next you need to create a BTT wallet and set which drive you want to use for paid file storage
- Next, the Node is initialized; its normal completion time is 1-3 hours. For me it froze for a day due to anti-virus programs interfering. As a result, it took me much longer to gain a rating.
In general, the idea is great, but it is for the patient. If you ensure that the hard drives are loaded, you will have a constant income, with fairly high payback rates for the equipment. But, nevertheless, I believe that storage is mostly carried out not by private individuals on home computers, but by companies that specifically purchase equipment and hire specialists to set up Nodes.
Description of the project, history of creation
BitTorrent began in 2001, when developer Bram Cohen created a previously unused protocol designed for distributed information exchange. His program became the first in the world of torrent trackers, and to this day remains the most popular peer-to-peer network on the planet. Since 2004, a US company engaged in the development and support of the network has been named similarly.
Although there are now thousands of torrent trackers, the technology itself does not change. Large files are divided into small pieces and transmitted as separate fragments over the network, after which they are combined back into one whole. Any client, downloading pieces, automatically forwards them to others. Example: if there is a single video file of 100 GB in size and there are 100 peers on the network, then each of them only needs to download 1 GB to become a seed, gaining access to the entire file. In this way, it is possible to maintain enormous network throughput even with very low powers.
As you know, scalability is one of the main problems of blockchain. Therefore, it is not surprising that people came up with the idea to combine these two technologies to serve a good cause. BitTorrent protocols now cover up to 40% of all Internet traffic on the planet, and every day up to 200 million people use programs from this company. Unable to resist such a tasty morsel, the Tron Foundation bought BitTorrent for $127 million.
Having acquired the world's largest p2p network, Tron employees decided to implement it into their Blockchain. This is how the BTT cryptocurrency was formed.
Prospects for the BitTorrent cryptocurrency for 2022 and further forecast
Most analysts agree that the BitTorrent project will not lose its relevance for at least several more decades, which means that if the crypto industry continues its development with the same dynamics, then the price of BTT will permanently increase. Some predict growth to $1 or even $3.
The BitTorrent protocol is used by such giants as Google, Facebook, Netflix, Twitter. And with the development of the BitTorrent ecosystem, all new platforms will implement its technology.
Over the 20 years of its existence, the BitTorrent project has become truly popular. It benefits millions of people around the world and is supported by a huge community in return. There is little doubt that with such a background, the BTT blockchain project has a long future ahead of it.
BitTorrent ICO: $7 million in a quarter of an hour
In January, Bittorrent completed its ICO: the company was able to complete its plan and raise just over $7 million in about a quarter of an hour. After this, the crowdsale was stopped. Justin Sun, the head of Tron and Bittorrent, said that the ICO should have been completed in a few seconds, but there were technical problems that slowed down the process.
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After such a successful crowdsale, investors believed in BTT, the price of the cryptocurrency increased sixfold. A second surge in the rate occurred in May. The initial cost of BTT is $0.00012, the price as of June 26, 2019 is $0.0013. BTT's market capitalization now exceeds $275 million.
How the BTT rate changed from February to June this year can be seen in the following graph:
Chart of changes in the cost of VTT in February-June 2022
It is safe to say that the Bittorrent cryptocurrency project has been a success. However, not everyone is convinced that it has intrinsic value; the crypto brand has many critics. Thus, the co-founder of the Ethereum project, a programmer with Russian roots, Vitalik Buterin calls TRON and Bittorrent “a centralized heap of garbage.”
Co-founder Lucien Chen left Tron in May. He stated that "Tron has lost its decentralization, so I can no longer be a part of this project."
The integration of the Tron and Bittorrent projects caused negativity in the cryptocurrency community. Former head of Bittorrent Samon Morisse predicted the death of the Tron network “under the onslaught of Bittorrent.” Sun rejected all attacks and said that his project has a great future.
Let's now get to know the main characters of this story.
