BTTC, the layer 2 solution for Ethereum, TRON, and Binance Smart Chain, is pleased to announce that Huobi Global is joining its ecosystem to support the development of a layer 2 network based on BTTC.
(1/4) We are excited to announce that @HuobiGlobal will soon join BTTC (BitTorrent Chain) ecosystem and support the development of a layer 2 network based on BTTC. The goal is to promote an on-chain open financial system. pic.twitter.com/RFgtyjxR6L
— BitTorrent (@BitTorrent) February 28, 2023
BTTC, a layer 2 solution for Ethereum, TRON, and BNB Chain, was launched in 2021 with Zero Proof of Knowledge, enabling users to build DApps in a secure, low-cost, and fast development environment. The introduction of BTTC’s layer 2 network is set to create an on-chain open ecosystem accessible to all.
The Huobi Global and BTTC Partnership
Huobi Global, with over 50 million users worldwide and over $100 trillion in cumulative assets traded, is well-positioned to provide virtual asset trading services to hundreds of millions of users through BTTC L2. The partnership will further accelerate the decentralized ecosystem of the chain and enhance the prosperity of the exchange ecosystem.
#Huobi is excited to announce that it will join the #BTTC (BitTorrent Chain) ecosystem & support the development of a layer 2 network based on BTTC to promote the creation and improvement of an on-chain open financial system.
— Huobi (@HuobiGlobal) February 28, 2023
Justin Sun, the founder of TRON and CEO of BitTorrent, has commented on the partnership, stating,
“Huobi joining BTTC not only reflects the industry’s latest focus on L2 developments but also demonstrates the pioneering status of BTTC among its peers in the field of building a complete and pragmatic L2 cross-chain network structure and platform.”
The partnership between Huobi Global and BTTC signifies the industry’s focus on L2 development and recognition of BTTC’s role as a pioneer in the field. Additionally, by supporting the L2 network development of mainstream public chains including Ethereum and TRON, Huobi Global will provide an open, secure, and diverse development environment for the public chain developer ecosystem, offering users the first access to quality projects and assets.
What is BTTC?
BTTC, or BitTorrent Chain, is a layer 2 solution for several public chains including Ethereum, TRON, and Binance Smart Chain (BNB). It was launched in December 2021 and aims to provide a secure, low-cost, and fast development environment for DApps. With Zero-Knowledge Proof (ZK) technology, users can develop decentralized applications anywhere and create an on-chain open ecosystem accessible to all.
BTTC’s core competency is its heterogeneous cross-chain solution that enables the seamless exchange of assets through virtual asset connectivity of mainstream public chains. This creates a super network that links all blockchain networks, making it easier for developers to serve a massive number of verified users and link huge amounts of virtual assets.
In conclusion, the partnership between Huobi Global and BTTC is set to create a seamless exchange of assets through virtual asset connectivity of mainstream public chains and provide users with a comprehensive ecological construction, all while promoting the creation and improvement of an on-chain open financial system.
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