February 28, 2023 – Singapore, Singapore
Huobi, a virtual asset trading platform, has announced that it will join the BTTC (BitTorrent Chain) ecosystem and support the development of a BTTC-based second layer network. The aim is to promote an open chain financial system.
BTTC, a layer two solution for the Ethereum, TRON, and BNB chain, was launched in December 2021 with ZK (zero proof of knowledge) technology expected to be introduced later this year.
This enables users to build decentralized applications anywhere and provides a secure, cheap and fast development environment for DAppsthus creating an open ecosystem in the chain.
Essentially, BTTC is a cross-chain solution that enables seamless exchange of assets through the connectivity of digital assets of major public chains such as Ethereum, TRON and BNB Chain, spanning a supernet connecting all blockchains.
Huobi’s addition to the BTTC ecosystem will further promote the development and use of decentralized on-chain applications and strengthen the exchange’s own ecosystem.
Huobi has over 50 million users worldwide with over $100 trillion in accumulated assets. The exchange enables blockchain developers to support a large number of verified users and connect vast digital assets around the world.
According to a report published by the Huobi Research Institute, at the end of 2022, the global number of cryptocurrency users reached 320 million. Huobi has the ability to provide virtual asset trading services to hundreds of millions or even billions of users around the world through the second layer of BTTC.
HE Justin Sun, a member of Huobi’s global advisory board, said:
“Huobi’s joining the BTTC ecosystem reflects the industry’s latest focus on Layer 2 development, and also demonstrates BTTC’s pioneering status among its peers in building a complete and pragmatic Layer 2 inter-chain network structure and platform.”
By supporting the development of Layer 2 networks of mainstream public networks, including Ethereum and TRON, Huobi provides an open, secure and diverse environment for all relevant development teams. Accordingly, users of the Huobi trading platform also have first-hand access to the highest quality projects.
In November 2022, Huobi completed the brand update with a new development strategy.
The exchange aims to promote the responsible use of cryptocurrencies by a wide range of users and educate more people on the daily adoption of cryptocurrencies by introducing them to an ever-changing network of high-quality digital assets, ensuring the free flow of value created by each person as a citizen of the world.
Huobi values the voice of its community and provides every opportunity for users to participate in the early stages of high-quality projects. The addition of a second tier BTTC ecosystem will certainly create new synergies, which in turn will foster Huobi’s further development.
Founded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that spans digital asset trading, financial derivatives, portfolios, research, investing, incubation, and more. Huobi serves millions of users in international markets.
More information can be found on the official Huobi website.
Michael Wang, Huobi
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