Huobi, a cryptocurrency exchange, has announced that it will join the BitTorrent Chain (BTTC) ecosystem.
Huobi to Create Blockchain Super Network and Join BitTorrent Chain Ecosystem
According to a statement shared by the exchange, Huobi‘s integration with the layer 2 cross-chain solution will enable seamless asset trade by linking popular smart contract blockchains, including Ethereum, Tron, and BNB Chain. According to the exchange, the outcome will be a super network integrating all blockchains that will support the development of an open on-chain financial system.
“The crypto exchange’s move reflects an industry focus on layer 2 developments. The integration of the exchange with BitTorrent Chain demonstrates BTTC’s pioneering status among its peers in the field of building a complete and pragmatic Layer 2 cross-chain network structure and platform.”Justin Sun, Tron founder
About BitTorrent Chain
BitTorrent Chain, which went live in December 2021, is a layer 2 solution for Ethereum, Tron, and BNB Chain. By connecting various blockchains, BitTorrent Chain’s cross-chain solution facilitates the seamless exchange of assets across them, creating a safe, affordable, and quick environment for the development of decentralized applications (dapps).
On the other hand, the project said in a tweet that BitTorrent Chain would incorporate zero proof of knowledge (ZK) technology later in 2023.
About the Exchange
Huobi, a cryptocurrency exchange that was founded in 2013, now supports more than 50 million users globally and facilitates the trade of $100 trillion in cumulative assets. The business underwent a rebranding in November 2022, reflecting its transformation into an ecosystem of blockchain enterprises that includes trading in digital assets, financial derivatives, wallets, research, investments, and incubation.