A brief history
BitTorrent is a torrenting client originally released in July 2001 that was later purchased by blockchain platform TRON in July 2018 where its new owners relaunched it with its own BitTorrent token (BTT). The goal of this new platform is to allow both creators and users to acquire and spend cryptocurrencies without the involvement of intermediaries. The users are able to use BTT tokens to attach new value to their computing resources and the transaction process will not involve the use of fiat currencies.

BTT in practice
The BTT cryptocurrency serves a requirement to access features on the network. It is the only form of payment that can be spent by requesters when they enter into agreements with providers. Transactions begin when one user asks for files from providers who host the files on their computer. The providers who are hosting the files split them up. The user requesting the file then receives these pieces from their multiple providers. By buying and spending BTT, requesters are able to purchase priority access to file downloads, as well as increase the speed of a download. A requester can also offer BTT tokens to a provider in exchange for local resources, such as bandwidth to receive content or storage for remote backup. The expansion of BitTorrent with BTT was intended to make it a more distributed network, compensating providers while increasing the efficiency of sharing large files to reduce server and network impact.