Join Our Mailing List
Tuesday May 30, 2023
Bitcoin (BTC) $27,685.42   Ethereum (ETH) $1,890.24
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Networks & Protocols

TRON officially launches layer-2 scaling solution BitTorrent Chain (BTTC)

BitTorrent Chain features high throughput and full compatibility with EVM and currently enables communication with top layer-1 networks such as Ethereum and BSC...

Published by CryptoNinjas.net
11/01/2021
TRON officially launches layer-2 scaling solution BitTorrent Chain (BTTC)

Back on Saturday, October 30th, the team of the blockchain network TRON, announced the official launch of the BitTorrent Chain (BTTC) test network. BTTC is already compatible with TRON, Ethereum, and BSC and it will soon also support HECO and OEC.

In the future, BTTC will support more public chains to deliver its mission of connecting all chains. The TRON team has also earmarked $1 billion to spur the migration of projects from Ethereum onto BTTC.

Co-developed by the core teams of BitTorrent and TRON, BTTC is the first heterogeneous cross-chain interoperability protocol in the industry. It features a PoS consensus mechanism and multi-node validation and supports off-chain matching and smart contract extension through sidechains.

These have enriched BTTC with core competencies such as a heterogeneous scalable cross-chain structure, cost-effective transfers, and asset security.

By leveraging the fully decentralized BTTC, users are able to transfer mainstream assets among TRON, Ethereum, BSC in a decentralized manner without any limit, according to the open letter by TRON founder Justin Sun on TRON’s new vision and the official launch of BitTorrent Chain.

Further, as a layer-2 network that is compatible with both the TRON and Ethereum protocols, BTTC features full compatibility with EVM – all EVM developers are allowed to easily migrate their Ethereum-based applications fully onto BitTorrent Chain, which provides scalability for the Ethereum network.

As BTTC arrives, TRON will see the emergence of a closed-loop ecosystem of layer-1 and layer-2 networks with robust cross-chain connectivity.

It is noteworthy that a verifier election of BitTorrent Chain nodes will be held on the TRON blockchain, similar to the one for the TRON protocol. Everyone can take part in the election to become a BTTC node, and BTT holders can cast their votes to earn staking rewards.

Moreover, only a limited number of seats are available, and the election will be ended once the limit is reached. Users can earn BTT rewards and co-govern the community once they become the verifiers.

With its development, TRON has grown into one of the largest blockchain-based networks in the world. Furthermore, TRON has recently been active in NFT technology. Besides launching its first NFT standard (TRC-721) this past March, TRON also enhanced its distributed storage system BTFS, providing an alternative and efficient infrastructure to turn artworks into NFTs on the blockchain.

110
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Source: tron.network/bttc

Related News

Crypto processing platform Calypso Pay launches mass payouts for Tron (TRX) with WatchData

07/28/2022
Crypto processing platform Calypso Pay launches mass payouts for Tron (TRX) with WatchData

Calypso Pay, an all-in-one crypto processing & acquiring platform, today and announced the launch of Tron (TRX) mass payouts in partnership with WatchData, a platform that helps web3 developers seamlessly interact with the blockchain....

Read more

TRON network integrated with blockchain infrastructure provider Ankr

05/23/2022
TRON network integrated with blockchain infrastructure provider Ankr

TRON, one of the largest and most popular blockchain ecosystems, has announced that Ankr, a web3 infrastructure platform servicing over 50 blockchains is its new Remote Procedure Call (RPC) partner. TRON's public and premium...

Read more

Blockchain social media platform Steemit joining TRON ecosystem

02/14/2020
Blockchain social media platform Steemit joining TRON ecosystem

Steemit, the decentralized blockchain-based social media and blogging platform, today announced a strategic partnership with TRON, one of the largest decentralized ecosystems, providing fast network speed, high throughput stability, and scalability. TRON and Steemit’s development...

Read more

TRON-based tokens now available for purchase by credit card through Carbon

07/18/2019
Carbon Tron Trx Blockchain

Carbon, a New York-based fintech company, today announced expanded support for the TRON blockchain community by allowing credit card purchases of TRC20-based tokens and other cryptocurrencies through its fiat gateway product, Fiber. Users can...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Token.io launches new spin-out company focused on digital money solutions

Token.io launches new spin-out company focused on digital money solutions

12/10/2019
Quant Network blockchain integrates Constellation for IoT interoperability

Quant Network blockchain integrates Constellation for IoT interoperability

12/03/2019
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
Crypto exchange Deribit to launch zero-fee spot trading

Crypto derivatives exchange Deribit to launch zero-fee spot trading

04/20/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy