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BitTorrent Chain (BTTC)
The BitTorrent Chain (BTTC) is a blockchain-based project that emerged from the BitTorrent ecosystem. Here are the key details:
Ownership and Leadership:
The $BTTC project is owned by TRON DAO, which operates under the leadership of Justin Sun, the founder of TRON.
In 2018, Sun acquired BitTorrent Inc., integrating its peer-to-peer file-sharing technology into the TRON ecosystem.
The chain itself launched in 2021, introducing cross-chain capabilities.
Infrastructure :
This is an infrastructure consultancy specializing in the rail and energy markets. In November 2024, BTTC merged with Cumming Group, an international project management and cost consultancy. This merger expanded Cumming Group's infrastructure capabilities across the UK and North America.
Functionality:
BTTC enables seamless interoperability between TRON, Ethereum, and Binance Smart Chain.
It supports cross-chain asset transfers and scaling for decentralized applications (DApps).
BitTorrent Token (BTT):
BTT is the native utility token of the BTTC ecosystem.
It is used for transaction fees, staking, and supporting decentralized file-sharing within the BitTorrent network.
Vision:
To integrate decentralized storage and computation with blockchain scalability.
Aims to enhance the global adoption of blockchain technology by facilitating smoother transactions across different networks.
The term "BTTC" can refer to two distinct entities: