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Tron says it has partnered with BitTorrent to launch a new blockchain project, called the BTTC. The aim is to develop an open and scalable cross-chain solution that will be able to support millions of transactions per second. For more information about the product, visit https://www.tronfoundation.org/bittorrent-btc/.
The “bttc bittorrent” is a new cryptocurrency that was created by TRON. The currency was created to help facilitate cross-chain scaling solutions, and is the first step in the process of creating a decentralized internet.
TRON announced the formal deployment of the BitTorrent Chain (BTTC) test network on October 30 through Twitter. TRON, Ethereum, and BSC are already compatible with BTTC. In the near future, it will also support HECO and OEC. BTTC will eventually appear on additional public chains in order to fulfill its aim of linking all chains. Meanwhile, TRON has set aside $1 billion to encourage projects to migrate from Ethereum to BTTC.
According to our sources, BTTC is the first heterogeneous cross-chain interoperability protocol in the market, co-developed by the core teams of BitTorrent and TRON. It has a PoS consensus method and multi-node validation, as well as off-chain matching and sidechain smart contract extension. BTTC now has fundamental competences such as a diverse cross-chain structure, quick and cost-effective transfers, and asset protection as a result of these.
According to TRON creator Justin Sun’s open letter on TRON’s new vision and the official launch of BitTorrent Chain, users may move mainstream assets between TRON, Ethereum, and BSC in a decentralized way without any restriction by using the completely decentralized BTTC.
Furthermore, being a layer 2 network that supports both the TRON and Ethereum protocols, BTTC has complete compatibility with EVM, allowing all EVM developers to simply convert their Ethereum-based apps to BitTorrent Chain, which offers the Ethereum network improved scalability.
🎉 We’re thrilled to announce that BitTorrent Chain (#BTTC) has been officially released, and the Testnet is now available!
🔥 A new age of cross-chain connectivity is upon us, and we invite all developers and communities to join #BTTC! https://t.co/6o2I7yAYse
30 October 2021 — TRON Foundation (@Tronfoundation)
TRON will witness the establishment of a closed-loop ecosystem of layer 1 and 2 networks with reliable cross-chain communication once BTTC comes. TRON will enable smooth communication with the world’s top layer 1 networks such as Ethereum and BSC by integrating both a robust underlying network of Global Human Settlement Layer and a heterogeneous, scalable cross-chain network BitTorrent Chain that features high throughput and full compatibility with EVM.
It’s worth noting that, like the TRON protocol, a verifier election for BitTorrent Chain nodes will be conducted on the TRON blockchain. The election to become a BTTC node is open to everyone, and BTT holders may vote to receive staking incentives. It’s also worth noting that there are only a certain number of seats available, and the election will be called off once that number has been achieved. Once users become verifiers, they may earn BTT prizes and help regulate the community.
TRON is said to be one of the top three public chains in the world, as well as one of the biggest blockchain-based operating systems. Since its debut, it has grown rapidly, with upwards of 58 million members, more than 2.5 billion transactions, and a TVL of more than $11.5 billion. TRON’s daily settlement volume is already five times that of PayPal when compared to conventional financial transfer networks.
TRON has also contributed to the advancement of the NFT’s underlying technology. TRON upgraded the world’s biggest distributed storage system BTFS, enabling a complete and efficient infrastructure to transform artworks into NFTs on blockchains, in addition to establishing the first NFT standard TRC-721 in March. TRON’s ecosystem is now exploding on all fronts.
TRON and BitTorrent are officially making advances into the cross-chain race, ushering in a new age for us all, with the BTTC debut serving as a prologue.
The “bttc coin” is a cryptocurrency that has been created by TRON. The coin was officially launched on the 1st of December, and it will be used as a cross-chain scaling solution for TRON.
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