What Is BitTorrent (BTT): Sharing Files The Decentralized Way

Before Netflix, Hulu and Amazon Prime Video ruled the entertainment space, there was BitTorrent. Created in 2001 by American programmer Bram Cohen, BitTorrent allowed the peer-to-peer sharing and downloading of large files on the web.

Unlike other internet protocols at the time, BitTorrent had faster transmission rates and permitted the simultaneous downloading of files. By 2005, studies showed that BitTorrent led the P2P platforms which accounted for over 70% of internet traffic at the time.

However, despite ruling the internet world, BitTorrent faced serious challenges such as increased piracy, privacy breaches, content unavailability and slow internet speeds that led to inconsistencies when downloading.

Additionally, BitTorrent faced serious challenges in monetizing the platform. Despite its game-changing technology, there seemed to be no viable business model to turn the innovation into a money-making enterprise.

Enter Tron.