Dear Huobi Users,
As one of the world's leading virtual asset exchanges, Huobi is pleased to announce that it will join the BTTC (BitTorrent Chain) ecosystem and support the development of a layer 2 network based on BTTC to promote the creation and improvement of an on-chain open financial system.
BTTC, a layer 2 solution for Ethereum, TRON, and BNB Chain, was launched in December 2021. This year, the platform will introduce Zero-Knowledge Proof (ZK) technology, which will enable users to develop decentralized applications anywhere as well as to provide a secure, low-cost, and fast development environment for DApps, creating an on-chain open ecosystem accessible to all.
BTTC's core competency is a heterogeneous cross-chain solution that enables seamless exchange of assets through virtual asset connectivity of mainstream public chains such as Ethereum, TRON, and BNB Chain. This creates a super network that links all blockchain networks.
Huobi's entrance into the BTTC ecosystem will further promote the decentralized ecosystem of the chain and enhance the prosperity of the exchange ecosystem. Huobi has more than 50 million users all over the world, with over $100 trillion in cumulative assets traded. Exchanges, as the largest traffic node aggregating crypto users, will enable developers to serve the massive number of verified users and link huge amounts of virtual assets. According to a report released by Huobi Research Institute at the end of 2022, global crypto users have reached 320 million, and Huobi will potentially provide virtual asset trading services to hundreds of millions or even billions of users worldwide through BTTC L2.
Joining the BTTC ecosystem signifies not only the industry's focus on L2 development, but also a recognition of BTTC's pioneering role in this field and its comprehensive ecological construction.
In addition, by supporting the L2 network development of mainstream public chains including Ethereum and TRON, Huobi will not only provides an open, secure and diverse development environment for the public chain developer ecosystem; but also provides users on Huobi with the first access to the best quality projects and assets.
In November 2022, Huobi completed its brand upgrade and put forward its development strategy including technology-driven development and technology for good. The strategy aims to serve a wider range of users with crypto technology, which means to attract more people to understand and embrace crypto and incorporate them into a new network of virtual assets, thus ensuring that the value created by each individual flows freely. Huobi consistently values the voices of its user community and creates opportunities for users to participate in the early stages of quality projects. By joining the BTTC L2 ecosystem, Huobi is accelerating its pace in these endeavors.
Please stay tuned！
Huobi
February 28, 2023
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Huobi reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.