Justin Sun announced the launch of an L2 solution to scale TRON

TRON founder Justin Sun unveiled BitTorrent Chain (BTTC) — a cross-chain layer-two solution for scaling the blockchain. Its launch is planned for October 30, 2021.

According to Sun, once BTTC is implemented, all decentralised applications on TRON, including those in DeFi and NFT sectors, will harness its capabilities. The solution will also ensure compatibility with the Binance Smart Chain (BSC) and Ethereum networks.

«With BitTorrent Chain users will be able to transfer core assets between TRON, Ethereum and BSC in a decentralised and unrestricted manner. In the near future the solution will gain compatibility with a larger number of public chains, fulfilling its mission to unite them», wrote Sun.

TRON’s head noted that BTTC is fully compatible with the EVM, which is “the universal standard for cross-chain protocols”. This means that applications built on Ethereum will be able to migrate their projects to layer-two.

«Meanwhile, TRON has already invested in liquidity mining in DeFi to the tune of $450 million and plans to take another step to join the global arms race in the EVM space. The company will allocate $1 billion to incentivise migrating a large number of projects from Ethereum to BTTC», Sun said.

He also stressed that BitTorrent Chain will be fully decentralised. As in the main TRON network, the L2 will conduct elections for суперпредставителей (super representatives) among the nodes.

Earlier in July 2021, the Centre launched the USDC stablecoin on the TRON blockchain.