- Assets on the TRON blockchain have exceeded $50 billion.
- BitTorrent has the biggest file-sharing protocol with over 100 million users.
TRON, a blockchain-based operating system, and BitTorrent have launched BitTorrent Chain (BTTC). It is TRON and BitTorrents’ first cross-chain venture, ushering in a new age!
In only three years, TRON has evolved into a network that processes over $10 billion in transactions averaging per day, rivalling Ethereum as a competitive Layer 1 blockchain technology. Assets on the TRON blockchain have exceeded $50 billion, while TRON decentralized financial programs have surpassed $10 billion. These accomplishments raised Justin Sun’s hopes for the TRON protocol’s future.
Meanwhile, BTTC is a Layer 2 solution incorporated into the TRON protocol. According to Justin Sun, the founder of TRON, layer 1 of the TRON protocol will concentrate on delivering safe and quick settlement services at reduced costs for financial institutions, crypto assets, and decentralized finance.
Asset Security For All BitTorrent Chain Users
The new BitTorrent Chain cross-chain bridge not only protects against assaults but also solves specific pressing requirements in this area. Also, it provides cheaper handling fees and quicker transactions by increasing primary chain throughput and TPS.
Meanwhile, developers may build apps using BitTorrent Chain faster and cheaper. Furthermore, BitTorrent Chain provides complete transparency of all nodes and custodial accounts and full transaction traceability. These features ensure asset security for all BitTorrent Chain users.
Currently, BitTorrent has the biggest file-sharing protocol with over 100 million users. The TRON Foundation bought the platform in 2018, but the project couldn’t begin until 2019. BTT Price closed the year 2020 at $0.0002. The price rose gradually afterwards. BitTorrent received good help from many organizations. The price skyrocketed from $0.0005 to $0.0129 in mid-February before plummeting down to $0.0005.
By the end of July, the cryptocurrency had recovered to $0.002849. August began with a positive price rise, hitting $0.004829. According to CoinMarketCap, BitTorrent price today is $0.003485 USD with a 24-hour trading volume of $441,144,572 USD.
BitTorrent is a promising cryptocurrency that allows investors to quickly enter the lucrative crypto industry. It will also keep improving its platform’s general performance, leading to a larger market for its crypto. Market analysts are confident that the upward trend of BTT would continue in 2021 and soon hit the moon.