On October 30, TRON announced on its Twitter the official launch of a cross-chain scaling solution BitTorrent Chain (BTTC) test network. One of the mainstream public chains in the industry Huobi ECO Chain (HECO) , will be integrated in the near future, which means global users can directly transfer mainstream assets between TRON and HECO in a decentralized approach without any restrictions through BTTC.
According to our sources, BTTC is co-developed by the core teams of BitTorrent and TRON, and 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 endowed BTTC with core competencies such as a heterogeneous cross-chain structure, fast and cost-effective transfers, and asset security.
As the first product launched on the Huobi Open Platform, HECO is a decentralized, efficient, and energy-saving public chain. It is designed to realize the compatibility of smart contracts on top of supporting high-performance transactions. HECO is aimed to power developers’ growth at all stages. Underpinned by the largest trading ecosystem in the world, it is dedicated to innovating technologies and businesses, and building an all-inclusive ecosystem that incorporates technological development as well as the adoption and trading of applications.
The integration of HECO into BTTC will facilitate the circulation and exchange of cross-chain assets. As more mainstream public chains adopt BTTC on the heels of HECO, the barriers standing in the way of information and asset exchange on blockchains will be knocked down, which will enable the smooth exchange of data and value and further mitigate data isolation among different chains.
According to TRON founder Justin Sun in his open letter to the community, the upcoming BitTorrent Chain (BTTC) will provide a scaling solution for mainstream blockchains around the world, and more importantly, deliver heterogeneous cross-chain communication that is decentralized and free of trust, ushering in a new era of “connecting all chains”. The launch of BTTC arguably marks TRON’s first stride towards this vision.
According to available sources, the recent development of TRON’s ecosystem is quite impressive. The number of its public-chain users has exceeded 58 million, pushing the number of total transactions beyond 2.5 billion, and its TVL has also surged past $11.5 billion. In addition to the public chain, TRON also leads many other races such as DApps, DeFi, GameFi, and NFT, and boasts the largest circulating supply of stablecoins across the globe.
Company：TRON
Contact Person: Jessica Zhang
Email: [email protected]
Website: https://tron.network/
Location：Singapore
