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 layer two network based on BTTC. The aim is to promote an open on-chain financial system.
BTTC, the layer two solution for Ethereum, TRON and BNB Chain, was launched in December 2021 with ZK (zero knowledge proof) technology to be introduced later this year.
This allows users to build decentralized applications anywhere and provides a fast, secure and cost-effective development environment for DApps. thus creating an open on-chain ecosystem.
At its core, BTTC is a cross-chain solution that enables the seamless exchange of assets through the connectivity of digital assets from conventional public chains such as Ethereum, TRON and BNB Chain, encompassing a supernet that links all blockchains.
The addition of Huobi to the BTTC ecosystem will further promote the development and use of on-chain decentralized applications and enhance the exchange’s own ecosystem.
Huobi has over 50 million users worldwide with over $100 trillion in cumulative assets traded. The exchange allows blockchain developers to serve large numbers of verified users and connect voluminous digital assets around the world.
According to a report released by Huobi Research Institute at the end of 2022, global cryptocurrency users reached 320 million. Huobi has the capability to provide virtual asset trading services to hundreds of millions or even billions of users across the world through BTTC layer two.
HE Justin Sun, member of Huobi’s global advisory board, said:
“Huobi’s entry into the BTTC ecosystem reflects the industry’s latest focus on layer two developments and also demonstrates BTTC’s pioneering status among its peers in the field of building a complete and pragmatic layer two cross-network framework and platform. ”
By supporting layer two network developments of conventional public chains, including Ethereum and TRON, Huobi provides an open, secure and diverse environment for all relevant developer teams. As such, Huobi trading platform users also enjoy first-hand access to the best quality projects.
In November 2022, Huobi completed its brand upgrade, launching a new growth strategy.
The exchange seeks to promote the responsible use of crypto to a wide range of users and educate more people about everyday crypto adoption by introducing them to an ever-changing network of quality digital assets, ensuring the free flow of value created by each individual as a global citizen.
Huobi values the voice of its community and creates every opportunity for users to participate in the early stages of quality projects. The addition of the BTTC Tier Two ecosystem will certainly create new synergies which in turn fuel Huobi’s growth.
About Huobi
Founded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses covering digital asset trading, financial derivatives, portfolios, research, investments, incubation and other areas. Huobi serves millions of users in international markets.
See Huobi’s official website here for more information.
Contact
Michael Wang, Huobi
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