The leading decentralized peer-to-peer network BitTorrent has reached a significant milestone in its development after surpassing two billion installations of its torrent client software on Windows, Mac, and Android.
BitTorrent Passes 2 Billion Installations
Founded in 2004, BitTorrent Inc has become one of the most utilized software products for downloading torrents with its two brands – BitTorrent and μTorrent. The company has attracted over 90 million active users, driving 22% of upstream and 3% downstream traffic globally.
In a press release shared with CryptoPotato, BitTorrent also informed about its most recent milestone. Users from across the world have downloaded and installed either one of the brands over two billion times.
The statement accredited the growth to the “longstanding popularity of the company’s Classic desktop torrent clients, as well as its new Web-based torrent downloader and player built for the streaming age.”
Apart from offering downloadable client software for Windows, Mac, and Linux, BitTorrent also highlighted that the Android version available on the Google Play Store is the “most popular mobile torrent downloader.”
“Almost two decades ago, the dream of decentralized file transfer was brought into existence by BitTorrent, thus changing the world and positively impacting the lives of people everywhere. Today, we celebrate our history and everyone involved in making the BitTorrent protocol and our products a success.
We look forward to fulfilling our mission of improving the protocol and introducing new use cases, such as decentralized file storage and live streaming products.”- commented BitTorrent CEO and TRON founder Justin Sun.
It’s worth noting that earlier this year, BitTorrent added Binance USD (BUSD) as a payment method enabling users to purchase goods and memberships on the platform. Thus, BUSD became the sixth cryptocurrency accepted by BitTorrent after BTC, OKB, TRX, BTT, and BNB.
BTT’s Price Performance
BitTorrent’s native cryptocurrency BTT has been performing quite impressively this year. After entering the century at about $0.0003, BTT doubled its value by mid-February to its yearly high of $0.0006.
What followed was a vigorous 70% dive during the most intense days of the COVID-19 pandemic, and the asset bottomed at $0.00017. Since then, however, BTT has been continuously increasing its value and is currently trading at $0.00045. This implies a 65% year-to-date pump and a 165% price surge since mid-March.