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 devel…
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.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/4879/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Blur Ethereum Leads the Pack in NFT Market Destruction Volume
It is reported that the destruction volume of Blur Ethereum, the aggregator in the NFT market, has reached 8625.91 ETH, surpassing that of Arbitrum (8281.46 ET…
-
The SushiSwap Hack: Understanding the Recent ETH Losses
On April 9th, Twitter user Trust tweeted that they had just obtained 100ETH from Frog Nation\’s former CFO 0xSifu as a white hat hacker and planned to return these funds. Previously
-
Uniswap V3 Deployment Proposal: All You Need to Know
On April 14th, Tally\’s voting page showed that the Uniswap community is conducting an on chain vote on the governance proposal to deploy Uniswap V3 to Polygon zkEVM. The vote start
-
Dune Data Analysis Reveals the Rise of Polygon NFT Market: Y00ts Leads with $6.5 Million Trading Volume
According to reports, Dune data analysis shows that in the past 30 days, the trading volume of the Polygon NFT market has exceeded $1 million on two days; Y00ts has the highest tra
-
What should be paid attention to when buying Bitcoin (Is buying Bitcoin a guaranteed profit)?
What should be paid attention to when buying Bitcoin? What are the things to con
-
Why can’t some tokens view contracts (why are there only 295 tokens)?
Why can\’t some tokens view contracts? Blockchain security company PeckShield rel
-
Universal Music Group Requests Streaming Services to Prevent AI from Obtaining Copyrighted Songs
According to reports, Universal Music Group (UMG) has requested streaming services such as Spotify and AppleMusic to prevent artificial intelligence services from obtaining melodie
-
An Introduction to the LUKSO Blockchain Project: How to Become a Genesis Validator
On April 18th, it was announced that Fabian Vogelstell, one of the proponents of the Ethereum ERC-20 standard, and others, are planning to launch the Layer1 blockchain project LUKS
-
Decentraland’s Monumental Transfer: What Does it Mean?
On February 21, according to Santiment data, a giant whale address transferred 256.31 million MANAs to the new address in the early morning of this morning, wi…
-
Coinbase Trust Remains Qualified Custodian Despite Proposed SEC Regulations
According to reports, Paul Grewal, the chief legal officer of Coinbase, said: \”After the United States SEC proposed to formulate rules, we believe that Coinbas…
-
What can Blockchain do (What jobs can Blockchain do)?
What can Blockchain do? What can Blockchain do?How to understand what Blockchain
-
ANZ Bank Completes CBDC Trial Project in Australia with A $DC Stable Currency
According to reports, as part of the CBDC trial in Australia, ANZ Bank has confirmed that it has completed one of the projects. This use case involves using ANZ A $DC stable curren
-
The Future of Cryptocurrency: A Look at Huobi, ConsenSys, Zambia, and Musk
7: 00-12:00 Keywords: Huobi, ConsenSys, Zambia, Musk
Summary of important updates during the afternoon on April 13th
Cryptocurrency is rapidly transforming the world of finance and -
Understanding the Recent BTC Supply Volume Drop
According to reports, data shows that the supply volume of BTC in the last active 6 to 12 months has reached 1733568.490 BTC in the past hour (1d MA), a low of nearly 21 months.
BT -
Axelar Launches Virtual Machines for Cross-Chain Encryption Applications
It is reported that Axlar, a blockchain network that helps developers build cross-chain encryption applications, is launching Axlar virtual machines (VMs). Axl…
-
What is Bitcoin insurance (Bitcoin hedging)
What is Bitcoin insurance? What is Bitcoin insurance? According to the report of CoinDesk on April 1, the National Bureau of Economic Research recently released a report outlining the methods of providing multiple premium schemes to protect individual investors in Cryptocurrency and blockchain In this article, we will explain why insurance is an important part of Bitcoin investment and what Bitcoin insurance is. Insurance is a secure investment tool that allows users to purchase, hold, and pay interest on their digital assets in a low-risk manner. For example, if you want to use a Bitcoin or other Cryptocurrency as collateral to buy insurance, you need to apply to the bank for a Bitcoin loan. If this loan does not mature on time and cannot be repaid, your funds will be liquidated and sold on the exchange. Bitcoin prices fluctuate greatly, making it difficult to bear losses. In addition, due to its value storage properties, Bitcoin also has potential security risks….