Huobi Joins BitTorrent Chain Ecosystem, Builds Blockchain ‘Super Network’

Crypto exchange Huobi will join the BitTorrent Chain (BTTC) ecosystem, the company has revealed in an announcement.

Huobi’s integration with the layer 2 cross-chain solution will enable “seamless asset exchange” by connecting leading smart contract blockchains included Ethereum, Throne and BNB chainsaid the exchange in a release shared with Decrypt.

The result promises to be a “super network connecting all blockchains,” which will help promote an open financial system on the chain, according to Huobi.

“The crypto exchange’s move reflects an industry focus on layer 2 development,” said Tron founder and member of Huobi’s global advisory board Justin Sun. He added that the integration of Huobi with BTTC demonstrates BTTC’s “pioneering status among its peers in building a complete and pragmatic cross-chain layer 2 network structure and platform.”

What is BitTorrent Chain?

Launched in December 2021, BitTorrent Chain is a layer 2 solution for Ethereum, Tron and BNB Chain. BTTC’s cross-chain solution enables the seamless exchange of assets between these blockchains, connecting them together to provide a secure, affordable and fast development environment for decentralized applications (dapps).

Later in 2023, BTTC plans to integrate zero proof of knowledge (ZK) technology, the project revealed in a chirping.

Founded in 2013, crypto exchange Huobi has grown to support over 50 million users worldwide, trading $100 trillion in cumulative assets. In November 2022, the company rebranded with a new growth strategy that reflects its evolution into an ecosystem of blockchain businesses spanning digital asset trading, financial derivatives, wallets, research, investment and incubation.

The addition of Huobi to BTTC’s ecosystem will “promote the development and use of decentralized applications on the chain and improve the exchange’s own ecosystem,” a Huobi spokesperson said. They added that by supporting layer 2 development on mainstream chains including Ethereum and Tron, the exchange aims “to provide an open, secure and diverse environment for all relevant developer teams.”