Back on Saturday, October 30th, the blockchain network TRON team announced the official launch of the BitTorrent Chain (BTTC) test network. BTTC is already compatible with TRON, Ethereum and BSC, and will soon support HECO and OEC.
In the future, BTTC will support more public chains to realize its mission of connecting all chains. The TRON team also allocated US$1 billion to stimulate the migration of projects from Ethereum to BTTC.
BTTC is jointly developed by the core teams of BitTorrent and TRON, and is the industry’s first heterogeneous cross-chain interoperability protocol. It has a PoS consensus mechanism and multi-node verification, and supports off-chain matching and smart contract expansion through side chains.
These have enriched BTTC’s core competencies, such as heterogeneous and scalable cross-chain structure, cost-effective transmission and asset security.
According to TRON’s founder Justin Sun’s open letter about TRON’s new vision and the official launch of BitTorrent Chain, using fully decentralized BTTC, users can unrestrictedly transfer the mainstream between TRON, Ethereum, and BSC in a decentralized manner. assets.
In addition, as a layer 2 network compatible with TRON and Ethereum protocols, BTTC is fully compatible with EVM-all EVM developers can easily fully migrate their Ethereum-based applications to BitTorrent Chain, which provides Ethereum Scalable network.
With the advent of BTTC, TRON will see the emergence of a closed-loop ecosystem of layer 1 and layer 2 networks with strong cross-chain connectivity.
It is worth noting that the verification election of BitTorrent Chain nodes will be held on the TRON blockchain, similar to the election of the TRON protocol. Everyone can participate in the election to become a BTTC node, and BTT holders can vote for staking rewards.
Moreover, the number of seats is limited, and once the limit is reached, the election will end. After users become validators, they can get BTT rewards and jointly govern the community.
With its development, TRON has grown into one of the largest blockchain-based networks in the world. In addition, TRON has been active in NFT technology recently. In addition to launching its first NFT standard (TRC-721) in March this year, TRON has also enhanced its distributed storage system BTFS, providing an alternative and efficient infrastructure that can transform artworks into blockchains NFT.