What is BitTorrent coin? When we say the crypto money market, the first two digital currencies that come to mind are Bitcoin and Ethereum. However, in the last few days, HOT and BitTorrent Coin (BTT) altcoins have attracted attention with their rising. The two cryptocurrencies that started the day with a minus broke a record and rose to their highest values.
BTT and HOT price is breaking new records every day
HOT and BTT are the most popular cryptocurrencies of recent days. The BTT price shot as high as 19 percent today and rose to 0.008320 by 5:20 pm.
During the day, the record-breaking BTT price reached the level of 0.008550. The price of virtual currency is currently at the level of 0.007957. Crypto money has seen a huge increase of 80 percent before.
HOT, on the other hand, has been rising for a week. The cryptocurrency, also called Holo, crossed the 0.01000 marks on March 29, and the popular cryptocurrency has been on the rise since the beginning of March. HOT price is currently at the level of $ 0.02800 (2 cents). The crypto money, which has increased between 30 percent and 50 percent in the last three days, is currently the 27th most traded cryptocurrency. BTT is in 19th place in this ranking.
What is Bittorrent Coin (BTT), why is it rising?
BTT is a cryptocurrency built on the Tron platform and created with the TRC-10 smart contract. This allows BTT to be transferred faster than cryptocurrencies such as Bitcoin and Ethereum.
One of the reasons why cryptocurrency both charges fewer transaction fees and increases buying and selling faster. Again, the creation of crypto money by BitTorrent has made it popular. BitTorrent P2P is an important sharing network that emerged in the early 2000s for file sharing.
The platform, where pirated programs, games and movies are shared, is illegal all over the world. However, the platform that people use to share their own computers only provides users with programs for these shares.
This awareness of the platform is one of the reasons explaining the rise for BTT price. The company added a new feature to BitTorrent in 2019 to increase the adoption rate of BTT. The firm charged a fee to download files faster, with the feature called BitTorrent Speed.
BitTorrent refers to users called Seeds who own the entire file. With this feature, the company aims to bring BTT to Seeds users in this way.
What is HOT (HOLO), why is its price rising?
HOT is one of the cryptocurrencies that uses its own network. This infrastructure, called Holochain, works differently from the blockchain infrastructure we know. Cryptocurrencies are generally built on a cryptosystem we call blockchain. HOT coin, on the other hand, operates on the Holochain network that was established in 2018.
The company that develops crypto money aims to establish a decentralized internet network with the Holochain network. Holochain, which first started as an Indiegogo project in 2018, aims to use HOT crypto money on this platform.
The firm is expected to launch the Holochain platform towards the end of this year. HOT crypto money will also be a payment method on this platform. The Holochain project finally received a patent from the US on March 25. After this patent news, the HOT prices started to peak.