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” through connecting leading smart contract blockchains including Ethereum, Tron and BNB Chain, the exchange said in a release shared with Decrypt.
The result promises to be a “super network linking all blockchains,” that will help to promote an on-chain open financial system, according to Huobi.
#Huobi is excited to announce that it will join the #BTTC (BitTorrent Chain) ecosystem & support the development of a layer 2 network based on BTTC to promote the creation and improvement of an on-chain open financial system.
“The crypto exchange’s move reflects an industry focus on layer 2 developments”, said Tron founder and member of the Huobi global advisory board Justin Sun. He added that the integration of Huobi with BTTC 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."
More Videos
0 seconds of 17 minutes, 28 secondsVolume 90%
Press shift question mark to access a list of keyboard shortcuts
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 to provide a secure, low-cost 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 tweet.
Note: ZK (Zero Proof of Knowledge) technology will be introduced later this year.
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 which reflects its evolution into an ecosystem of blockchain businesses spanning digital asset trading, financial derivatives, wallets, research, investments and incubation.
The addition of Huobi to BTTC’s ecosystem will “promote the development and usage of decentralized applications on-chain and enhance the exchange's own ecosystem,” said a spokesperson for Huobi. 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.”
Formula 1 has renewed its partnership with exchange platform Crypto.com, extending the agreement through 2030 as both entities seek to capitalize on their shared momentum.
The renewed partnership will see Crypto.com continue to feature prominently at key Formula 1 events, including the Miami Grand Prix, where it has been the title sponsor since the race’s inception in 2022.
The deal, first inked in 2021, marked Formula 1’s foray into the crypto world at a time when digital assets were experienc...
Mo Shaikh, a co-creator of the Aptos blockchain and co-founder and CEO of the Aptos Labs firm that helps support it, announced Thursday that he's leaving the company to focus on a "new chapter."
"Today, I am stepping away from Aptos Labs to start a new chapter," Shaikh wrote on X. "One of my true passions lies in building companies from the ground up, and we have done that at Aptos Labs by building a world-class team."
"I leave Aptos Labs with the utmost confidence in the team," he continued, "a...
Building on the momentum of anticipated changes to U.S. crypto policy, Binance.US said it aims to restore its USD services in early 2025, according to a statement shared with Decrypt.
It marks the exchange's first major operational shift as regulatory pressure forced the exchange to suspend fiat trading last year.
The platform has operated under restricted banking access since June 2023, when SEC civil claims triggered a suspension of dollar deposits and withdrawals.
"While I can't provide a de...
