BitTorrent Chain (BTTC) - the world's first heterogeneous cross-chain interoperability protocol - is preparing for its mainnet launch. This groundbreaking PoS (Proof-of-Stake) sidechain solution enables smart contract scalability while maintaining interoperability with Ethereum, TRON, and Binance Smart Chain networks, with plans to support additional blockchains in the future.
👉 Discover how BTTC revolutionizes blockchain interoperability
Key Announcements
- Mainnet Launch Date: December 12, 2021 (SGT)
- BTT Redenomination: 1:1000 ratio (old BTT to new BTT)
- Migration Deadline: January 12, 2022 for exchanges/wallets
- Total Supply Adjustment: From 990B to 990T while maintaining market cap
Why BTTC Matters
BTTC represents a significant evolution in blockchain technology by:
- Enabling cross-chain smart contract execution
- Providing scalable solutions through sidechains
- Supporting multiple blockchain ecosystems simultaneously
BTT Token Use Cases in BTTC Ecosystem
The new BTT tokens will power several essential functions:
- Validator participation in BTTC network
- Staking for network rewards
- Governance voting rights
- Gas fee payments for BTTC transactions
Comprehensive Migration Guide
Understanding the Redenomination
| Specification | Old Token (BTTOLD) | New Token (BTT) |
|---|---|---|
| Token Standard | TRC10 | TRC20 |
| Contract Address | ID: 1002000 | TAFjULxiVgT4qWk6UZwjqwZXTSaGaqnVp4 |
| Supply Ratio | 1 | 1,000 |
Step-by-Step Exchange Process
Exchange-Held BTTOLD
- Monitor your exchange's announcements for automatic conversion
- No action required if exchange supports auto-conversion
- If unsupported, withdraw to decentralized wallet for manual exchange
Manual Conversion via BTTC App
- Connect TronLink wallet
- Navigate to "Get BTT" section
- Enter desired exchange amount
- Confirm transaction and wait for chain confirmation
👉 Learn about advanced token migration strategies
Important Considerations
- Token Identification: Always verify token names, standards, and contract addresses
- Exchange Deposits: Confirm symbol/name matches before depositing
- Unsupported Transactions: Contact support immediately for accidental deposits
- One-Way Conversion: BTTOLD→BTT is irreversible
Frequently Asked Questions
Q: Can I still use BTTOLD after the migration?
A: Yes, BTTOLD will maintain its original use cases until converted, including BTFS file storage payments and BitTorrent Speed functionality.
Q: What happens if I miss the exchange deadline?
A: The conversion contract remains permanently active - you can exchange anytime after the deadline.
Q: How does this affect my BTT holdings value?
A: Your proportional ownership remains unchanged - only the quantity and denomination adjust.
Q: Are there fees for converting BTTOLD to BTT?
A: Standard network gas fees apply for manual conversions via BTTC App.
Q: Why was the TRC20 standard chosen for new BTT?
A: TRC20 offers enhanced functionality and smart contract compatibility needed for BTTC operations.
Q: How can exchanges implement this change?
A: Exchanges should contact BitTorrent's technical team at [email protected] for implementation support.