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Huobi Joins BitTorrent Chain Ecosystem to Promote Open Financial System

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It is reported that Huobi, the cryptocurrency exchange, disclosed in a statement that it would join the BTTC (BitTorrent Chain) ecosystem and support the devel…

Huobi Joins BitTorrent Chain Ecosystem to Promote Open Financial System

It is reported that Huobi, the cryptocurrency exchange, disclosed in a statement that it would join the BTTC (BitTorrent Chain) ecosystem and support the development of Layer 2 network based on BTTC to promote the creation and improvement of the open financial system on the chain. Huobi said that the integration of Firecoin and Layer 2 cross-chain solutions will achieve “seamless asset exchange” by connecting the leading smart contract blockchain, including Ethereum, Tron and BNB Chain.

Huobi announced to join the BitTorrent Chain ecosystem

Interpretation of the news:


Huobi, the well-known cryptocurrency exchange, has made an announcement that it will be joining the BTTC (BitTorrent Chain) ecosystem to assist with the development of a Layer 2 network based on BTTC. The main goal of this collaboration is to promote the creation and growth of an open financial system on the blockchain.

According to Huobi, the integration of Firecoin, a Layer 2 cross-chain solution, will enable “seamless asset exchange” by connecting with leading smart contract blockchains such as Ethereum, Tron, and BNB Chain. This move will provide users with greater liquidity and flexibility in transferring and trading cryptocurrencies.

By joining the BTTC ecosystem, Huobi hopes to contribute to the growth of the blockchain industry by collaborating with other industry leaders. Huobi believes that the BTTC ecosystem has the potential to promote the adoption and development of decentralized finance (DeFi) services.

Furthermore, Huobi is expanding its horizons to explore the potential of Layer 2 networks. Layer 2 is a type of scaling solution that builds on top of layer 1, the main blockchain layer. This additional layer creates a more efficient network by increasing block sizes, reducing transaction costs and increasing transaction speed. This development will enhance the user experience and reduce the congestion in the network.

The partnership between Huobi and BTTC can also bring new opportunities for innovation and experimentation, which can further the growth of the DeFi ecosystem. Based on this collaboration, it is safe to conclude that Huobi is not just focused on providing services for trading cryptocurrencies but also invested in the development of blockchain technology.

In conclusion, Huobi’s collaboration with the BTTC ecosystem shows its commitment to developing the blockchain industry and promoting open financial systems. This move will make it easier and more efficient for users to exchange cryptocurrencies across various blockchains. This partnership will be significant for the long-term growth of the blockchain community.

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