Huobi has announced its plans to join the BitTorrent Chain (BTTC) ecosystem to build a blockchain “super network” that will enable seamless asset exchange.
As part of its integration with BTTC’s layer 2 cross-chain solution, Huobi will connect leading smart contract blockchains such as Ethereum, Tron, and BNB Chain. According to Huobi, this will result in a “super network linking all blockchains” and promote an on-chain open financial system.
Tron founder and member of Huobi’s global advisory board, Justin Sun, stated that the integration of Huobi with BTTC demonstrates the latter’s pioneering status among its peers in building a complete and pragmatic Layer 2 cross-chain network structure and platform.
BTTC, launched in December 2021, is a layer 2 solution for Ethereum, Tron, and BNB Chain. The cross-chain solution enables seamless exchange of assets between these blockchains, providing a secure, low-cost, and fast development environment for decentralized applications (dapps). The project plans to integrate zero proof of knowledge (ZK) technology later in 2023.
Huobi’s decision to join BTTC’s ecosystem reflects the industry’s increasing focus on layer 2 developments, and it is expected to contribute to the growth and development of the decentralized finance (DeFi) space.