Cryptocurrency Q&A
What is the new name for BTT?
What is the new name for BTT?
Federico
Sun May 26 2024
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7 answers
1766
Could you please explain what the updated name for BTT stands for? I've heard rumors about a recent rebranding, but I'm not entirely sure what the new moniker is. Could you clarify this for me? I'm particularly interested in understanding the reasons behind the name change and how it might affect the cryptocurrency's overall market position. Is the new name more representative of the project's goals or does it simply reflect a change in branding strategy? Thank you for your assistance in clarifying this matter.
7 answers
Giulia
Tue May 28 2024
BitTorrent Inc.'s launch of the BitTorrent Chain mainnet marked a significant milestone in the evolution of the BitTorrent ecosystem. With the introduction of BTTC, the native token of the network, BitTorrent (BTT) underwent a redenomination process.
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MichaelSmith
Tue May 28 2024
Prior to the launch of BTTC, BTT existed as a TRC10 token on the TRON blockchain. However, with the advent of the BitTorrent Chain, it was necessary to transition to a new token standard that was compatible with the new network.
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BlockchainEmpiress
Tue May 28 2024
The redenomination process involved converting the existing TRC10 BTT tokens into TRC20 BTT tokens. This transition not only aligned BTT with the new blockchain but also enhanced its functionality and usability.
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CryptoQueenBee
Mon May 27 2024
On the TRON network, the new TRC20 BTT tokens are referred to simply as BTT. However, on some exchanges, such as Binance, they may be labeled as BTTC to distinguish them from the old TRC10 tokens.
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CryptoChieftainGuard
Mon May 27 2024
The redenomination of BTT from TRC10 to TRC20 represents a step forward in the integration of BitTorrent with the TRON blockchain. It allows for greater interoperability and scalability, enabling a wider range of applications and services to be built on top of the BitTorrent Chain.
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