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In addition to heading Tron, Sun is now also CEO of a newly-founded BitTorrent foundation, which is incorporated in Singapore. BitTorrent emphasized Thursday that users will always be able to opt out of the scheme as well.

The BitTorrent token will be made available on Binance, but won’t be available to U.S.-based users at launch. “In one giant leap, the BitTorrent client can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.”

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“BitTorrent token is the first in a series of steps to support a decentralized internet,” said Sun in a blog post. Ultimately, the company plans to use the token for other use cases as well.

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The token will initially allow uTorrent users to achieve faster download speeds.

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One possible point of contention is BitTorrent’s increased focus on crypto-currencies: The company announced Thursday that it was adding a crypto token to its popular uTorrent Windows client. Tron has been steadily filling out its executive ranks with hires of seasoned people from Google, S&P and elsewhere.” “People leave companies in normal course of business. “The two had a good working relationship,” the spokesperson said in an emailed statement. This enables the vision of interoperability amongst multiple cross chains ,' said Samy Karim, BSC Ecosystem Lead Coordinator.A spokesperson for Sun’s Tron blockchain startup denied that there had been disagreements between Choy and Sun following the initial publication of this story. With this integration, millions of BitTorrent and Tron users can access the NFT, GameFi and Infra projects building on BSC while BSC users' can interact with dApps building on top of the Tron network. 'Tron and BitTorrent teams have a huge following from the crypto as well as mainstream tech/crypto audience. It is safe to say that the integration BTTC in the BSC ecosystem marks TRON's first stride towards an era of cross chain interoperability.'

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'The BitTorrent Chain (BTTC) provides a scaling solution for mainstream blockchains around the world ,' said Justin Sun Founder of Tron Network, 'more importantly, this will enable heterogeneous cross-chain communication that is decentralized and free of trust. With over 1000 dApps building on top of it, BSC bolsters a community of 100M DeFi users. These have endowed BTTC with core competencies such as a heterogeneous cross-chain structure, fast and cost-effective transfers, and asset security.īSC is a community-driven, decentralized and open source public infrastructure platform. It features a PoS consensus mechanism and multi-node validation, and supports off-chain matching and smart contract extension through sidechains. This will enable smooth exchange of data and value among different chains.Ĭo-developed by the core teams of BitTorrent and TRON, BTTC is the first heterogeneous cross-chain interoperability protocol in the industry. The integration of more mainstream public chains like BSC into BTTC will ease down the process of interacting between TRON/BTT users and the DeFi cross-chain ecosystem.

On BTTC, users globally can transfer mainstream assets between BSC and other integrated public chains in a decentralized manner.

The integration of BSC into BTTC will facilitate the circulation and exchange of cross-chain assets for both the ecosystem users. 4, 2021 /PRNewswire/ - BitTorrent Chain (BTTC), a cross-chain scaling solution has integrated with Binance Smart Chain (BSC) as one of the first public chains in its ecosystem to bring cross-chain features to its users.

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