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The original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who himself has since become well known in the cryptocurrency arena. Cohen has explained that he designed BitTorrent to usurp the dated entertainment industry, which made obtaining material slow and expensive.
The platform has seen multiple legal battles, with Cohen maintaining that it does not break copyright laws in allowing users to share files such as music and movies among themselves. Expensive and inefficient distribution networks were the main target, with original developer Bram Cohen seeing benefits in allowing internet users to distribute content among themselves directly. Under TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as to its own user base.
New to crypto? The total supply, as stated in its whitepaper, is ,,, BTT. Another The company recommends that users protect themselves against theft, in the form of malware or similar programs, by using options such as biometric verification. BTT is tradable for cryptocurrencies, stablecoins and even fiat currencies on major exchanges.
Cryptocurrencies Tokens BitTorrent-New. Rank Market Cap. Fully Diluted Market Cap. Volume 24h. Circulating Supply. Max Supply. Total Supply. Buy Exchange Gaming Earn Crypto. BitTorrent-New Links. BitTorrent-New Contracts. Ethereum 0xc Please change the wallet network Change the wallet network in the MetaMask Application to add this contract.
I understand. If you would like to know where to buy Wrapped Bitcoin at the current rate, the top cryptocurrency exchanges for trading in Wrapped Bitcoin stock are currently Binance , OKX , Bybit , Crypto. You can find others listed on our crypto exchanges page. WBTC is also backed by Bitcoin at a ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allows users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner.
Wrapped Bitcoin was first announced on October 26, , and officially launched on January 31, BitGo, co-founded in by American computer scientist and entrepreneur Mike Belshe, is an institutional digital asset custody, trading and financial services firm. Kyber Network is an on-blockchain liquidity protocol that enables the integration of different cryptocurrency tokens and DeFi applications.
Similarly to Kyber, Ren is a company focused on cross-blockchain integration of cryptocurrency assets and DeFi applications via solutions such as RenBridge, RenVM and others. It was founded in by Taiyang Zhang and Loong Wang. By virtue of being the oldest and largest cryptocurrency on the market, Bitcoin can boast a massive user base and a liquidity pool of several dozen billion dollars. However, its blockchain functionality is relatively basic by modern standards. Ethereum and products derived from it offer their users such advanced financial instruments as lending and insurance, which do not rely on trusted intermediaries.
In addition, Wrapped Bitcoin makes the job significantly easier for exchanges, wallets and payment services that work with Ethereum: instead of having to run two separate nodes for ETH and BTC networks, they can support WBTC operations with just an Ethereum node. According to Arcane Research , while Bitcoin balance on crypto exchanges has fallen by roughly 1. Check out our educational deep dive into how Ren is bringing Bitcoin to DeFi. There is no predetermined schedule of WBTC issuance.
Instead, WBTC is automatically minted or burned whenever users purchase or sell their tokens for Bitcoin via a system of merchants and custodians. Because Wrapped Bitcoin is always backed by Bitcoin at a ratio, the number of tokens in circulation is directly dependent on the amount of Bitcoin reserves in the WBTC network. WBTC tokens are secured by the parent blockchain they run on — Ethereum. In turn, ETH is protected by the Ethash proof-of-work function, a representative of the Keccak family of hash functions.
You can buy WBTC on several exchanges, both centralized and decentralized ones, which serve as merchants on the Wrapped Bitcoin network. Some of the major ones include:. Cryptocurrencies Tokens Wrapped Bitcoin. Rank Market Cap. Fully Diluted Market Cap. Volume 24h. Circulating Supply.
Max Supply. Total Supply. Buy Exchange Gaming Earn Crypto. Wrapped Bitcoin Links. Ethereum 0x Wrapped Bitcoin Contracts. Fantom 0x