Cross-Chain Scaling Solution BTTC Officially Goes Live, TRONAims at “Connecting All Chains”

Stan Peterson
November 1, 2021
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On October 30, TRON, one of leading public chains, start a major initiative to launch BitTorrent Chain (BTTC) test network, a layer 2 cross-chain scaling solution, being compatible with TRON, Ethereum, BSC. HECO and OEC will also be integrated in the near future.

The news has captivated the industry, putting BTTC and TRON under the public limelight.

It is reported that BTTC is the first heterogeneous cross-chain interoperability protocol in the industry, having core advantages such as heterogeneous cross-chain, fast transmission speed, low transaction costs and ensuring asset security.

According to our sources, BTTC was born to address the need for cross-chain scaling solutions. Today’s rapidly-growing blockchain industry is teeming with public chain projects. However, most of these projects fail to be interconnected owing to incompatible technologies, ecosystems, and competition, which leads to isolation of users, assets, applications, and data, altogether curbing the growth of the industry as a whole.

By connecting mainstream public chains such as TRON, Ethereum and BSC, it breaks down the information and asset barriers among them to enable the smooth exchange of data and value. BTTC is thus expected to be a cure to the pain of data isolation among public chains.

In the open letter published by TRON founder Justin Sun to the community, he stated that the upcoming BTTC will provide global mainstream blockchains with a practical scaling solution, and more importantly, will deliver heterogeneous cross-chain communication that is decentralized and free of trust, ushering in a new era of “connecting all chains”. Down the road, TRON will also earmark a total of $1 billion to spur the migration of projects from Ethereum onto BitTorrent Chain (BTTC).

Without a doubt, the launch of BTTC marks TRON’s first step towards its vision of connecting all chains.

Public sources reveal that TRON is one of the world’s three largest public chains today. Three years into its inception, TRON has made remarkable progress and established itself as one of the top public chain projects in the industry. At present, TRON boasts over 58 million accounts, 2.5 billion transactions, upwards of $50 billion on-chain assets, and a TVL of more than $11.5 billion across its DeFi products. It settles over $10 billion worth of transactions daily, five times higher than that of PayPal.

As BTTC goes live, TRON will draw more users from other chains to its increasingly prosperous and diverse ecosystem, unleashing even greater potential.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
A USA-based blockchain enthusiast deeply involved in diverse crypto projects. With a knack for insightful reviews, I navigate the dynamic crypto landscape, offering a unique perspective on ICOs, DeFi, and NFTs. Let's connect and explore the limitless possibilities of digital transformation! Reach me out @ : [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.