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Collab Alert: New Project From TRON and BitTorrent

New Project From TRON and BitTorrent
  • TRON and BitTorrent will collaborate for a new project called BitTorrent Chain.
  • The project aims to address all of TRON’s DeFi, NFT, and DApps difficulties.
  • Reports say it will launch on October 30, 2021.

BitTorrent announced its collaboration with TRON in a recent tweet. The project, BitTorrent Chain (BTTC), is set to launch on October 30, 2021.

The two giants’ project will be a first of its kind. Reports say that it will be the “first scalable heterogeneous cross-chain interoperability protocol in the blockchain space.

BitTorrent Chain Explained

According to the announcement, the project will be a layer 2 scaling. Further, it aims to deal with all of TRON’s DeFi, NFT, and DApp cross-chain difficulties. More so, this would also be a cross-chain solution that would connect TRON, Ethereum, and Binance Smart Chain. In addition, by connecting these three platforms, users will experience BitTorrent Chain’s lower transaction fees with faster speed.

In a nutshell, BTTC will also be in full compatibility with Ethereum Virtual Machine (EVM). Additionally, it will allow EVM developers to migrate their Ethereum-based apps fully onto BitTorrent Chain, seamlessly.

BTTC is fully decentralized. Furthermore, it will offer a more secure and transparent mechanism — transparent nodes and custodial accounts, as well as traceable transactions. In the announcement, it mentioned that the TRON blockchain will initiate a Super Representative election. It says there will be a limited number of spots for the election. Also, BTT holders can cast their votes to earn rewards for staking.  More so, users will be able to earn BTT rewards and participate in the community governance, when they become SRs on the network.

BitTorrent says BTTC will continue to access public chains like HECO, OEC, and Polygon in the future as well.

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Cho Amisola is a passionate writer for both creative writing and digital publishing. She’s been featured and published in both areas and is now focusing on blockchain news.