Huobi, one of the major crypto exchanges in the world, announced that they would be partnering with the BitTorrent Chain ecosystem. The crypto exchange partnership with the blockchain solution will allow effortless crypto exchange by linking smart blockchains comprising BNB chain, Tron, and ETH, Huobi announced in a press release by Decrypt.
According to the crypto exchange, the partnership will link all blockchains to a super network, boosting an open on-chain financial structure. The virtual and digital asset platform was also pleased to partner with the BitTorrent Chain ecosystem and boost the development of a super network based on BitTorrent to support establishing and advancing an open on-chain financial system.
Justin Sun, an exchange global advisory board member and Tron founder, announced that the virtual asset platform actions represent an industry based on layer two innovations. Justin added that the partnership with the Blockchain indicates the Blockchain’s dominance over its competitors in establishing a pragmatic and complete Layer-2 cross-chain protocol platform and infrastructure.
Defining the BitTorrent Chain
BitTorrent blockchain ecosystem is a layer-2 solution that was launched a couple of years ago. The Blockchain is a layer-2 solution for BNB Chain, ETH, and Tron. The chain solution allows the effortless crypto transaction between these networks, linking them to offer a secure, quick, and affordable development ecosystem for decentralized apps.
Huobi, a crypto exchange established almost a decade ago, has developed to promote over fifty million customers worldwide, trading a hundred trillion dollars in total assets. In November of the previous year, the exchange rebranded with the new maturity plan, which indicated its growth into an ecosystem of blockchain enterprises boosting virtual asset trading, wallets, investments, incubation, research, and financial derivatives.
Huobi spokesperson purported that the inclusion of the exchange to the BitTorrent blockchain ecosystem will boost the utilization and the development of dApps on-chain and facilitate the firm’s ecosystem.
Furthermore, they emphasized that by promoting layer-2 innovation in mainstream chains comprising Tron and ETH, the firm targets to offer a safe, diverse, and open space for all relatable developer communities.
Tomi Available on Huobi
An anonymous initiative headed by eight big names in the virtual asset industry, Tomi, attained the third Huobi PrimeVote competition by a wide range as a result of the enthusiasm and team support from Huobi voters who were pleased about Tomi’s optional internet protocol that stopped scrutiny while providing a regulation mechanism to curb violence.
The asset registered the biggest margin of success in the contest. As the asset with the highest number of votes, Tomi registers on Huobi and becomes accessible to millions of customers on the platform. In addition, customers will utilize the Tomi asset currently available on Huobi and promote non-fungible tokens to vote on protocol regulation, including stopping pages that infringe the protocol’s blacklist developer regulations.
The Tomi network is designed in a way that develops a path for the residents of the new network to out-vote the pioneer technical leadership and developers within three years. That’s deliberate on the side of Tomi, which does not look for the type of power held by the leaders of the initiatives like Cosmos and Ethereum.
The Tomi community holds power equal to the average customer’s in voting about the network censorship and regulations; however, it will have enough assets to have the upper hand over the innovation direction of the initiative in the primary stages.
