Filecoin VS BitTorrent -- Top Two Storage Tokens

in blockchain •  3 years ago 

Screenshot_20211004-205947_Chrome.jpg
(Chart by CoinMarketCap)

Currently, there are two storage tokens that dominate the world of cryptocurrencies based on market capitalization, namely Filecoin (FIL) and BitTorrent (BTT).

Storage token allows users to earn crypto currency in exchange for providing storage to store data in the form of files.

First place is currently FIL, which is the native currency on the Filecoin blockchain. User's storage will be connected to the IPFS (Inter Planetary File System) network to store data.

And in second place is BTT, which is the native currency on the BitTorrent blockchain. In this case, the user's storage will be connected to the BTFS (BitTorrent File System) network, which is an extension of the existing BitTorrent peer-to-peer file sharing program.

As shown in the table above, Filecoin has a market cap of $7.32 billion, while BitTorrent is $2.24 billion, or about 1/3 of it.

According to reference [1], Filecoin users can get a reward of around 0.0428 FIL/TB/day. At current prices that means around 2.9 USD/TB/day or around 87 USD/TB/month.

Meanwhile, according to reference [2], BitTorrent users are guaranteed to get a reward of 7680 BTT/TB/month. At current prices that means around 26.38 USD/TB/month.

Do you have a lot of idle storage on your computer? Maybe you can try Filecoin or BitTorrent.

[1] https://amp.reddit.com/r/filecoin/comments/oo2966/filecoin_earnings_income_per_month/
[2] https://mobile.twitter.com/bittorrent/status/1277811092131991553

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
Sort Order:  
  ·  3 years ago  ·  

Thank you for using my upvote tool 🙂
Your post has been upvoted (57.74 %)

Delegate more BP for better support and daily BLURT reward 😉
@tomoyan
https://blurtblock.herokuapp.com/blurt/upvote

Congratulations, your post has been curated by @r2cornell-curate. Also, find us on Discord

Manually curated by @abiga554

logo3 Discord.png

Felicitaciones, su publication ha sido votado por @r2cornell-curate. También, encuéntranos en Discord