Outside Source
[PRESS RELEASE – Dubai, UAE, February 16th, 2024]
CoinMarketCap Research, the research arm of leading crypto data aggregator CoinMarketCap, published a report covering an in-depth analysis of BitTorrent Chain (BTTC), an EVM-compatible, proof-of-stake layer-2 chain designed to address scalability issues and facilitate interoperability across blockchains. It is a collaborative project between TRON and BitTorrent, leveraging the latter’s extensive user base and the former’s blockchain expertise.
The BTTC Bridge serves as the cornerstone of the chain, facilitating liquidity movement across supported EVM chains. It currently supports TRON, Ethereum, and BNB Smart Chain, with plans to expand to more chains in the future.
BTT is the native token of the BTTC ecosystem, serving as a governance token, gas token, and utility token for various BitTorrent products and services. It is also accepted as legal tender in the Commonwealth of Dominica. Over 46 billion BTT tokens are staked with its 12 active validators, representing about 5% of the total circulating supply. Within DeFi, more than $9.1 million worth of BTT tokens are supplied on JustLend, TRON’s largest DApp and lending protocol
Find the full analysis here: https://coinmarketcap.com/academy/article/deep-dive-on-bittorrent-chain-bttc
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CoinMarketCap is ‘Home Of Crypto’, the world’s most trusted cryptocurrency data authority. Its mission is to accelerate the crypto revolution by organizing the world’s crypto intelligence and making it easily accessible to all.
Contact
CMC Research
Alice Liu
CoinMarketCap
alice.l@coinmarketcap.com
This article first appeared at CryptoPotato
