Tron and BitTorrent have announced the integration of the Binance Smart Chain to their cross-chain scaling solution, BitTorrent Chain (BTTC). The Binance Smart Chain will be one of the first public chains in the BTTC ecosystem and will focus on bringing cross-chain features to users.
Facilitating The Exchange And Circulation Of Cross-Chain Assets
The integration of the Binance Smart Chain into BTTC will help to facilitate the exchange and circulation of cross-chain assets for users on both ecosystems. BTTC users will be able to transfer assets between the Binance Smart Chain and other public chains that have been integrated.
The integration of chains like the Binance Smart Chain into BTTC will also help to streamline the interaction between TRON and BTT users and the cross-chain DeFi ecosystem. This will facilitate a smoother exchange of data and value.
The BTTC Protocol
BTTC is the first heterogeneous cross-chain interoperability protocol in the industry today. The protocol has been developed by the core teams of TRON and BitTorrent and utilizes a Proof-of-Stake consensus mechanism and multi-node validation. It also supports off-chain matching and extension of smart contracts through the use of smart chains.
BTTC boasts of features such as fast and cost-effective transfers, asset security, and a heterogeneous cross-chain structure. Speaking on the Integration between BTTC and the Binance Smart Chain, TRON founder Justin Sun commented,
“The BitTorrent Chain (BTTC) provides a scaling solution for mainstream blockchains around the world. This will enable heterogeneous cross-chain communication that is decentralized and free of trust. It is safe to say that the integration BTTC in the BSC ecosystem marks TRON’s first stride towards an era of cross-chain interoperability.”
An Impressive Surge
Data suggests that the TRON ecosystem has seen significant growth in recent times, with the numbers backing the data. The public-chain users on TRON have exceeded 58 million users. This increase in users has pushed up total transactions beyond 2.5 billion, with the total locked value (TVL) surging past $11.5 billion. TRON has also become a leading player in decentralized applications, DeFi, GameFi, and NFTs, and has the largest circulating supply of stablecoins globally.
Binance Smart Chain Ecosystem Lead Coordinator Samy Karim commented,
“Tron and BitTorrent teams have a huge following from the crypto as well as mainstream tech/crypto audience. With this integration, millions of BitTorrent and Tron users can access the NFT, GameFi, and Infra projects building on BSC, while BSC users’ can interact with dApps building on top of the Tron network. This enables the vision of interoperability amongst multiple cross chains.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.