Interview with TRON Founder Justin Sun: Chain interaction is the only way to drive business.

On December 12, the BitTorrent Chain (BTTC), a variant of the interconnected chain developed by the core group of TRON and BitTorrent, was launched, and at the same time plans to separate BTT were also announced. With good market interest, the price and volume of BTT increased after the announcement. What innovation will BTTC bring to the TRON ecosystem after going off the main grid? What new capital investments will BTT bring? Justin Sun, founder of TRON and CEO of BitTorrent, provided detailed answers to these questions in a special interview.

Here is the interview form

1. I understand that BTTC's mainnet (BitTorrent Chain) was launched on December 12th of this year. First of all, please briefly BTTC.

Justin Soleil:On December 12, the main network BTTC (BitTorrent Chain) was launched and the distribution of BTT was also completed at the same time. It has been approved by the industry and has received good reviews from the industry. After the announcement, according to data from CoinMarketCap, BTT gained 56% and 24-hour trading volume over 327.47%, resulting in user satisfaction.

BTTC is the industry leader in the first generation of interconnect circuits and its first version supports TRON, Ethereum and BSC. BTTC was jointly developed by the core team of TRON and BitTorrent, and it took three months between the launch of the project, from September to December 12. on the chain side. , user experience, etc. make the business more profitable.

2. What new development will BTTC bring to the TRON ecosystem after going off the main grid?

Justin Soleil:The advent of BTTC has unleashed the productivity of TRON and is an important support for the new vision in which TRON becomes the bottom line of cleaning up the world for future humanity. Going forward, the location of TRON as the first layer (layer 1) of the TRON protocol is focused on the vision of the global payment layer of future users as the global payment layer. As a second layer (Layer 2) cross-chain scaling solution, BTTC will handle future operations on TRON DEFI, NFT, DAPP and blockchains. It is believed that BTTC will bring a siphon effect to the TRON ecosystem, and the new blood flow will be beneficial for the overall prosperity and development of the TRON ecosystem.

Since the start of this year, TRON has made great strides in promoting compliance with the crypto industry and connecting with global financial markets. Whether it's TRX ETN (Exchange-Trading Alert) linked to the main network TRON token, which is listed and launched on the Deutsche Börse Xetra world stock exchange, Bitcoin from Valkyrie Investments, the US cryptocurrency investment, which is the most important. Although it is an ETF, the United States has been approved by the United States' SEC to trade on NASDAQ, a key industry player while seeking compliance. The goal of keeping TRON in compliance further and reaching the bottom of global liquidation is believed to be just around the corner after BTTC revealed the heart of the Green Highway.

3. In November, Binance announced that BTTC had joined the BSC. How will this integration affect the development of BTTC? What about the public channel that BTC will develop in the future?

Justin Soleil:Yes, on November 4th Binance announced the merger of BTTC and BSC. This means that BTTC has become one of the first public channels in the BSC ecosystem to deliver to users throughout the operating chain. This means that we have seen the vision of the interconnection of several chains.

Today, the TRON ecosystem has thrived like never before, with performance from DeFi, NFT, Stablecoins, Metaverse, GameFi, and other tracks. BSC users can easily get to know the whole TRON ecosystem through BTTC. As a result, TRON users will have free access to projects developed by BSC. BTTC will initially support three key state-owned companies: TRON, Ethereum and BSC, and several public channels will join BTTC's support in the future.

I think the emergence of BTTC may better explain the spirit of “relationship and inclusion” of blockchain. The barrier between blockchain and chain will be broken, the future of human blockchain will be the generic word blockchain, which is no different from TRON network, Ethereum network and BSC network. In this new year, the expectations of the chain are endless and the time of the 10,000 chain links will inevitably come soon.

4. How does BTTC achieve heterogeneous cross chain to the point of high efficiency, safety and low cost?

Justin Soleil:BTTC judges by its architecture that it is a powerful, secure and affordable blockchain application platform. BTTC has a three-tier structure: smart contract process, PoS evidence layer, and block layer.

The protocol's PoS protocol guarantees a short time on the BTTC network, which can be set up in 2 seconds. Multiple audits, revenue tracking are transparent and the security of TRON's network basically guarantees the security of the BTTC network. BTTC completes the commercialization of the scale by diversifying the production of blockchain products, thereby reducing costs and preventing the chain from becoming too fun for the rich, which is beneficial for the use of large pearls.

Based on the three-tier model above, BTTC has easier access to key chains, provides extension to the mainstream global blockchain, and recognizes the heterogeneous cross-distribution of the blockchain. The foreclosure price and the full realization of the exchange rate.

5. BTT is an ecosystem token and its distribution started after the launch of the mainnet.

Justin Soleil:Simultaneously with the announcement of the main BTTC network, the BTT distribution was also carried out. Due to the minimization of the total transaction value of BTT tokens, we have adjusted the total transaction volume from 990,000,000,000,000 to 990,000,000,000,000,000 based on a split ratio of 1: 1000 After separation, the new currency was BTT and the old BTT token was renamed BTTOLD. At the same time, after the separation, the type of BTT token was also changed from TRC-10 to TRC-20. The new BTT will be placed on the main TRON network in the form TRC-20 and signed on the main BTTC network. for

What is the purpose of BTT's separate plan in relation to an issue that is of concern to everyone? This division of BTT is all user guidance. Some users have pointed out that the received BTT revenue, such as 0.00231 BTT, is a multi-digit number, which has some effect on the collection and transfer of tokens.

Based on BitTorrent's green token, we see that in the past, BTT's total revenue was 990 billion, which is less. BitTorrent has 90 million active users and over 2 billion active users. If the BTT is distributed evenly, each user will only receive 11,000. And a user under 500 is divided equally among all users. After BTTC's announcement, it would definitely be more of a utility and BTT richness. From a user experience perspective, token splitting is important.

6. How will the segregation plan affect the BTT ecosystem? Why did the price and volume of BTT increase after the separation plans were announced?

Justin Soleil:In the fact that the total market value remains the same, the BTT will be divided into 1: 1000, which is the initial reduction allowing users to keep their profits and make a profit for using the BTT status. First of all, when users trade essential assets in BTTC or interact with the DApp contract, the exchange rates are all in BTT. Second, the BTT, as a traditional symbol of the BTTC, would grant insurers more rights and benefits, such as voting and regulatory rights for community energy governance, as well as the benefit of retaining income rules and regulations. Participate in community management. Finally, the announcement of BTTC as a Standard 2 solution further strengthens the integration of BitTorrent and TRON and directly indicates that BTT has become the two pillars of the TRON ecosystem with TRX. BTT is part of the TRON ecosystem. China's values ​​and situation will reach an unprecedented level.

We have seen that the price and volume of BTT has increased as per the announcement since the split. In my opinion, this shows user satisfaction with the crossing line. I think this is just the start of BTT, and with the massive adoption of BTTC, the application scenarios for BTT will be richer and everyone will want to be bold in the future. BTT's distribution plan is to create a solid foundation for BTT to meet the rich demand process, reduce user interference for access, and improve user experience.

7. What is the application scenario of BTTOLD and BTTC division? Is it also your transition?

Justin Soleil:I think this is a concern for many users as well. I am clear to everyone here. Once the main BTTC network is opened, BTT and BTTOLD will be merged and the exchange agreement for the old token and the new token will be valid forever.

Most users can still use BTTOLD to pay for data storage on BTFS systems, participate in BTFS digs, or use Bittorrent Speed ​​to speed up BitTorrent protocol download. And if you want to learn more about our BTTC mainnet ecosystem, we would also like to host the new BTT. In this way, anyone can become a BTTC network validator and participate in the vote of the BTTC network for the benefit of BTT and community governance. BTT must also pay for gas from the BTC network. As more and more public bases are connected to BTTC, not only will it add value to BTT, but BTT will also have more demand.

Now there are two ways to convert BTTOLD to BTT. Automatic exchange of exchanges and manual exchanges of BTT conversion pages. Depending on how you store your BTTOLD, you may choose the method of redemption. Also, do not modify by other illegal means to avoid financial loss.

8. What are the next development plans for BTTC after the opening of the main network?

Justin Soleil:Since BTTC is a full-fledged distribution system, the next steps in the development process will be based on the information and needs of the communities. These policies will include the blockchain networks that BTTC will support below, support for private companies, and partnerships on blockchain networks.

Specifically, after the opening of the BTTC mainnet, our products support wallets, bridges, browsers and contract services, and all users can sign contracts or user requests. Supplies are available. Then BTC will continue to seek developers to develop more applications. On this basis, we will strengthen the choice of consumer products, introduce a variety of functional features and promote the integration of multiple network blockchains. Our ultimate goal is the Wanchain interconnection.

Finally, I would like to say that since the beginning of this year, new types of public channels have been developed more and more and the projects of phase 2 have started to follow one another, in around many channels, the connection of channels is the same . for the industry to improve. As a result, crosslinking is unlikely to become the new wing of the market in 2022, and BitTorrent Chain has done everything to become the best crosslinking solution. We welcome everyone who is new to the new BTT division and familiar with BTTC. We are eager to prove that BTTC is the king of connectivity with the majority of manufacturers and consumers and to recognize the positive prospects of connecting 10,000 channels.