BitTorrent, the largest decentralized P2P communications protocol recently upgraded its BitTorrent Bridge which allows users to transfer digital assets easily from one chain to another.
📢Important update of cross-chain transfer on #BTTC!
— BitTorrent Inc. (@BitTorrent) June 30, 2022
Holders of BTT, TRX, NFT, USDD, and WIN would conveniently transfer their crypto between BitTorrent, TRON, BSC, and Ethereum networks using the BitTorrent Bridge.
BitTorrent Bridge eliminates the complicated process of users transferring one asset to another exchange just for them to have a specific token or coin on their preferred network.
Currently, the heterogeneous cross-chain bridge supports the cross-chain transfers of BTT, TRX, JST, NFT, SUN, USDD, and WIN.
What is BitTorrent?
BitTorrent is based in San Francisco and was founded on September 22, 2004, by Bram Cohen and Ashwin Navin. It is the largest decentralized P2P communications protocol for distributing data and large files over the Internet.
🔥60% of 990 Billion #BTTOLD now burned!
— BitTorrent Inc. (@BitTorrent) June 24, 2022
In 2018, BitTorrent was acquired by TRON Foundation and continued to provide support for their BitTorrent and uTorrent clients.
Last December, BitTorrent announced that they are launching the first scalable heterogeneous cross-chain interoperability protocol called BitTorrent Chain and this has resulted in the BTT redenomination plan that led to the creation of the BTTC which was the new native token of the BitTorrent platform.
The BTT redenomination plan redenominated old BTT with a swapping ratio of 1:1000.
What is BitTorrent Bridge?
BitTorrent Bridge is a heterogeneous cross-chain bridge that allows users to transfer assets from one network to another. It is a reliable, safe, and secure way to move digital assets easily without the complicated process of using different exchanges and wallets just to move cryptocurrencies.
Supported Networks of the BitTorrent Bridge:
- BitTorrent Network
- TRON Network
- Ethereum Network
- BSC Network
What network do you want to be included on the BitTorrent Bridge in the future? Let us know in the comments section below.
For more news and updates, see Tron Spark.