The BTTC cross-chain bridge is a new technology developed by BitTorrent Inc., designed to enhance blockchain scalability and interoperability. By using sidechains and a multi-layered architecture, the BTTC bridge facilitates seamless asset transfers between different blockchain networks like TRON, Ethereum, and Binance Smart Chain (BSC).
This technology works by connecting to the mainnet through a bi-directional anchored bridge. When depositing assets, they are locked on the main chain, and corresponding assets are issued on the side chain. Withdrawals involve burning assets on the side chain and unlocking the equivalent on the main chain.
This method ensures secure and efficient cross-chain transactions. The BTTC bridge employs a Proof of Stake (PoS) mechanism with multi-node validation, scaling smart contracts. It has a three-layered architecture, consisting of the root contract layer, the validator layer, and the BTTC layer, each playing a crucial role in maintaining system efficiency and facilitating cross-chain operations.
The root contract layer provides core smart contract functions and interacts with external networks, setting rules for cross-chain interactions. The delivery layer processes information from the root contract, ensuring compatibility and precision in cross-chain transactions. This architecture supports a range of operations, from transaction validation to asset transfers.
BTTC’s security is bolstered by its PoS consensus mechanism, requiring Precommit votes from over two-thirds of nodes to validate transactions. This ensures decentralization and fairness across the network. Additionally, BTTC is fully compatible with Ethereum-based smart contracts, allowing developers to leverage its cross-chain capabilities with ease.
Compared to other public chains like Polygon and Cosmos, BTTC offers broader adaptability. While Polygon supports only Ethereum, BTTC extends its support to multiple blockchains. Unlike Cosmos, which requires adherence to its network standards, BTTC’s Layer-2 scaling solution reduces transaction costs and enhances scalability, providing a comprehensive feature set for diverse applications.
In the future, BTTC aims to incorporate more public blockchains into its framework, further expanding its cross-chain connectivity. This adaptability positions BTTC as a pivotal player in the blockchain ecosystem, capable of facilitating asset transfers across a wide array of tokens and networks.
Source
<p>The post BTTC Cross-Chain Bridge: Revolutionizing Blockchain Interoperability and Scalability first appeared on CoinBuzzFeed.</p>