The BitTorrent team announced via Twitter on Tuesday that the total contracts created on the BitTorrent File System (BTFS) had surpassed 86 million. BitTorrent File System (BTFS) is both a protocol and network implementation that provides a content-addressable, peer-to-peer mechanism for storing and sharing digital content in a decentralized file system.
The BitTorrent token is a TRC-10 token on the Tron blockchain. The BTT token intends to build a token-based economy for networking, bandwidth, and storage resources on the existing BitTorrent network.
BitTorrent’s BTTC token is down by 1% so far today and is trading at $0.00000069 at press time.