BitTorrent Chain (BTTC) Mainnet Goes Live, ushering in a New Era of Connecting All Chains with the BTT Redenomination Plan
BitTorrent Chain (BTTC) was born under the spotlight of global communities and is much anticipated by the whole market. Through dedicated efforts of the BTTC team and TRON, BTTC has successfully launched its testnet with continuous expansion in terms of BTTC nodes and user base. Today marks a brand-new reel for TRON, as the mainnet of BitTorrent Chain, TRON’s major move in the cross-chain field is officially going live with BTT redenomination implemented.
BTTC Mainnet now supports and is compatible with TRON, Ethereum, and Binance Smart Chain (BSC). Via BTTC, decentralized transfer of mainstream assets between TRON, Ethereum, and BSC is now possible without any restrictions.
BTT redenomination plan is underway in tandem. While maintaining its current market cap, the total supply of BTT tokens will be increased from 990,000,000,000 to 990,000,000,000,000 at a ratio of 1:1000. The new tokens after redenomination are referred to as BTT, while the old ones are renamed as BTTOLD. For more information:
https://bttc.zendesk.com/hc/zh-cn/articles/4409343014937
While BTT redenomination lowers the entry barrier for investors, promotes the prosperity of the BTTC ecosystem, and boosts the value appreciation of BTT, BitTorrent Chain’s birth will surely facilitate the value circulation of BTT and diversify its use cases. This complementary couple has already given birth to a super network connecting all chains.
Core Competencies of BitTorrent Chain (BTTC)
Heterogeneous cross-chain solution: Perfect value exchange between heterogeneous chains through asset interoperability between Ethereum / TRON / BSC
Faster transaction confirmation: The underlying protocol adopts the PoS consensus mechanism, which speeds up transactions, with an average block time between 2 to 3 seconds
More secure assets: Proven security of mainchain and multi-node validation work together to safeguard every transaction
Lower transaction fees: Extremely low transaction fees (<$0.01 on average) eliminate the headache of paying exorbitant transaction fees
Roadmap of BitTorrent Chain (BTTC)
Phase 1
The Mainnet will be officially launched on December 12, 2021. The Phase 1 product supports the wallet, the cross-chain bridge, the explorer, and the staking function. All users can participate in staking or apply to become a validator.
Phase 2
Developers will be recruited in this stage. BitTorrent Chain’s VM is compatible with EVM, enabling developers to build various applications on BitTorrent Chain easily.
Phase 3
The validator election mechanism is added, and quality projects are introduced to build a more diversified DApp ecosystem and support the inter-connectivity among blockchain networks.
Phase 4
BitTorrent Chain will support more public chains to realize the goal of connecting all chains.
The launch of BTTC marks that TRON, the front-runner in multiple fields such as DeFi, NFT, stablecoins, decentralized storage, transaction, and lending, has gone all-in on integrating its ecosystem and connecting all chains to build itself as the new hub of blockchain interconnectivity.
Since its MainNet release on May 31, 2018, TRON has risen to become the world’s fastest-growing public chain and the world’s largest network in terms of stablecoin settlement within a matter of three years. Today, TRON boasts a staggering $70 billion worth of assets, over 66 million TRON accounts, and more than 39.9 billion TRC20-USDT in circulation on its network.
TRON is forging ahead to become a global settlement layer. It is our belief that BTTC is both a scaling solution TRON presents to the world’s mainstream blockchains and its active response to the calling for a new decentralized world. We are convinced that BTTC is key to ushering in an era of connecting all chains.
With BTTC as the prelude, a new era of “connecting all chains” is to be unveiled.
*To help users complete the swap, giving them access to rights and benefits such as governance rights and mining rewards on the new BTT platform, exchanges are advised to support the BTT redenomination plan as soon as possible. For any questions and support, please contact us via bttc_service@bittorrent.com.
Additional resources:
BTTC Website: https://bittorrentchain.io/
Email: bttc_service@bittorrent.com
BTTC Developer Documentation: https://doc.bittorrentchain.io/v1/doc
BTTC User Guide: https://bttc.zendesk.com/hc/zh-cn/sections/4407634918297
About BitTorrent
Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally.
Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide.
Since November 2018, TRON (TRX), Binance (BNB), and Bitcoin (BTC) holders have the opportunity to purchase one-year subscriptions of BitTorrent or µTorrent products, including Ads Free and Pro for Windows. Pro includes anti-virus and anti-malware screening, file converting and playability in HD. Users can visit bittorrent.com or utorrent.com to learn more.
