Latest BitTorrent updates on February 22nd

This week, the BitTorrent team launched several projects and updates. On February 21st, the BTFS Gateway 2.0 was launched, allowing users to access resources through CIDs, upload content at no cost and more. The same day, $BTT Supply APY went over 17% on Justlend and the third #BTFS AMA on #Discord was announced. On the 17th, the liquidity of $BTT- $BUSD was over 5.3M on PancakeSwap and 60.4% of 990 Billion $BTTOLD was burned. On the 14th, the $BTT Farm pools on DeFi Sunio were launched, as well as the #BTTC Onsen farms, $500,000 rewards in $BTT were distributed and a step by step walkthrough on how to get started on #BTTC was published.

What is BitTorrent ?

BitTorrent is an innovative peer-to-peer file sharing system that allows users to download large files quickly and securely. By using the BitTorrent protocol, users can connect to a network of peers and transfer files with ease, without having to rely on a central server. This makes BitTorrent faster and more efficient than similar services, as data is transferred directly from user to user.

BitTorrent is based on the principle of decentralization, which means that no single entity is responsible for hosting or maintaining the network. Instead, the network is powered by a network of users who share files with each other. This means that data is transferred in a secure and reliable way, without any single point of failure.

The BitTorrent protocol is also very secure, as it uses encryption technology to protect users’ data from being accessed by other users. Furthermore, the protocol also allows for the tracking of individual files, which means that users can be sure that the files they are downloading are genuine and not corrupted.

BitTorrent is a great way to share large files quickly and securely. It is an efficient and secure way to transfer data, and it is becoming increasingly popular as more people become aware of its benefits. With BitTorrent, users can share files with speed and reliability, without having to rely on a central server. If you’re looking for an easy and secure way to transfer large files, then BitTorrent is the perfect solution.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.