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TRON-Post-blockchain Impact of the Era

source-logo  newsbtc.com 05 November 2021 18:39, UTC

What are Tron and BTTC

Early cross-chain technology paid more attention to the transfer of assets between the public chains. The existing cross-chain technology is the establishment of cross-chain infrastructure. TRON, a blockchain clearing protocol that can be side by side with Ethereum, as one of the world’s three largest public chains, has recently released an expanded cross-chain solution-BitTorrent Chain (BTTC), which is eye-catching. BTTC is compatible with TRON, Ethereum and Binance Smart Chain (BSC), providing developers with more efficient and lower-cost development tools and helping users enjoy low-cost transactions.

And BitTorrent Chain (BTTC) is not just about building infrastructure, but also in its expansion. Side chains, shards, and large blocks are all technologies that solve the problem of blockchain expansion. TRON’s expanded cross-chain is based on BitTorrent Chain, which will greatly improve transaction throughput and transaction speed.

At the same time, TRON plans to establish a fund of approximately US$1.1 billion to support the development of the TRON ecosystem.The Frog Nation project built on the TRON chain and the BitTorrent chain will be the first supported project after the establishment of the fund. To encourage Ethereum projects to migrate to BitTorrent Chain (BTTC). Ecologically overlapping cross-chain, this project will be the first scalable heterogeneous cross-chain interoperability in the blockchain network. In other words, with the help of BitTorrent Chain, users can transfer mainstream assets between TRON, Ethereum and BSC in a decentralized manner without restrictions. In addition, in the near future, BitTorrent Chain will be compatible with more public chains and complete the mission of connecting all chains. At this point, BitTorrent Chain has officially opened a new era of full-chain interconnection.

How will it help Tron and Bittorrent?

BTTC also solves some urgent needs in this field. By providing higher main chain throughput and higher TPS, users can enjoy lower handling fees and faster transactions. At the same time, developers can create applications on BitTorrent Chain at a higher speed and lower cost. In addition, BitTorrent Chain uses a more secure and transparent mechanism to ensure the complete transparency of all nodes and custodial accounts and the complete traceability of transactions. These features together ensure the asset security of all users on the BitTorrent Chain.

With the development of the blockchain industry, we have witnessed the introduction of new blockchain protocols, each with a unique method, a new consensus protocol and a new set of capabilities for hosting different applications. However, they are all growing in parallel and have not expanded to the next level because the very basic architecture of the blockchain forces them to operate in silos, which makes them plagued by scalability issues and is still struggling to deal with various problems. Severe network congestion and high fees have become obstacles to the development of Ethereum. Therefore, cross-chain technology is very important because it has the potential to promote blockchain interoperability. The TRON protocol has developed into a network, processing more than 10 billion US dollars of transactions per day on average, and has become a competitive layer 1 blockchain protocol coexisting with Ethereum.

And TRON has obvious advantages in infrastructure construction, higher scalability, reduced congestion, and lower related costs. For example, high throughput is achieved by improving the TPS in TRON, and the practicality of daily use has exceeded that of Bitcoin and Ethereum. Scalability is based on good scalability and efficient smart contracts. Applications can be deployed in more ways in TRON, so TRON can support a large number of users. And TRON has a more reliable network structure, user assets, intrinsic value, and a higher degree of decentralized consensus has brought an improved reward distribution mechanism.

DAppChain is a side chain project of TRON, which aims to allow DApps to operate on TRON with lower energy consumption, higher speed and safety, and unlimited expansion of TRON’s main network.

At present, TRON’s infrastructure construction has been very complete. As the interoperability between cross-chain protocols becomes more and more diversified, the interoperability between DeFi protocols is becoming more and more complex, and the asset scale of cross-chain protocols continues to expand. The mature TRON cross-chain protocol ecosystem has become very safe. Coupled with the support of the TRON Fund, TRON’s cross-chain and one-link access will further accelerate the development of TRON, gradually increase transaction volume and liquidity, and enrich the TRON ecosystem.

Judging from the impact of BTTC on the blockchain, the meta-universe under Meta (Facebook) will also grow into a universe with multiple cross-chain possibilities, and the virtual economy will become as important as the real economy. In the current situation of cross-chain, Meta Universe, DeFi and NTF are all combined. For example, the combination of games and DeFi produced GameFi, the gamification of financial mechanisms, making the process of profitability a fascinating and interesting experience. By taking advantage of the interests of different types of game players, the game’s money-making mechanism suits the players’ tastes while providing them with a large number of attractive activities and matching value. The rise of non-fungible tokens (NFT) heralds the transitional era from gaming to a decentralized environment. NFT will become an important infrastructure of Meta Universe. Its uniqueness and irreplaceability will provide a reliable basis for people to map things in the real world to the meta-universe. And it has initially shown its value at this stage, but the core and extension of NFT in the future still have a lot of room for development for imagination.

These are working together to OccupyDeFi: which means reclaiming the concept of decentralized finance from the VCs (suits) who want to control it, the traders who want to centralize it, and the heartless liquidity providers who simply want to profit from it.

Their objective appears to be straightforward: genuinely decentralised finance will provide financial freedom to anyone who wish to participate, collaborate, and spend their resources as they see fit.

OccupyDeFi’s vision may appear to be something out of Fairy tales. It’s this ridiculous notion that individuals would be able to own and utilise their own financial resources as they see fit without fear of interference or power grabs from those higher up in the hierarchy. It’s the one that incentivises you with promises of generational prosperity, only to reveal an even larger world.

Final Words

The birth of BTTC will surely bring a new round of ecological growth for TRON, and TRON will compete in the entire cross-chain field. This demonstrates that TRON Network and Justin Sun are fully committed to the DeFi and NFT revolutions, and the massive 1.1 billion fund will help TRON get widespread notice and reputation. All of this is attributable to the exponential expansion of its metrics, as well as the continuous development and innovation of its ecosystem.

TRON will lure additional users from other chains to its more rich and diversified environment when BTTC goes online, unlocking even more possibilities.It also pushes the blockchain to a new climax, making the blockchain epoch-making significance.

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