Justin Sun’s Open Letter to the Community on TRON’s New Vision and the Launch of BitTorrent Chain - The Tron Foundation

^{( September 3, 2021; The Tron Foundation )}

In an Open Letter, @justinsunsteemit outlines his vision to have Tron's layer-1 protocol take over from the half-a-century old SWIFT platform as the world's decentralized settlement network that will be augmented by the BitTorrrent (BTTC) chain as a layer-2 protocol that interconnects other public blockchains. The first next step towards this vision will launch on October 30, when BTTC will enable interoperation between Tron (TRX), Ethereum (ETH), and the Binance Smart Chain (BSC). Other public networks will be added in the future. For whatever reason, the @tronfoundation published the post on Medium instead of Steemit.

It is an opportunity bestowed by the time to have blockchain overtake SWIFT protocol and serve as the world’s future global settlement layer. It is also an opportunity as well as a duty for the TRON protocol to provide humankind a smart financial protocol that offers lower fees and low latency. This new protocol will not only enable society to run fast settlements at a fraction of the current costs. More importantly, smart operating systems of the Internet era can iterate quickly, offer interoperability, and hold enormous growth potential, as evidenced by the blooming decentralized finance (Defi) and non-fungible token (NFT).

Positioned as a global settlement layer, Layer 1 of the TRON protocol will focus on providing secure and fast settlement services at lower fees for financial institutions, crypto assets, and decentralized finance. In the meantime, the TRON protocol will soon launch BitTorrent Chain, a Layer 2 scaling and cross-chain solution, and migrate TRON’s DeFi, NFT, DAPP, and other emerging blockchains onto Layer 2 and cross-chain solutions.

Read the rest from The Tron Foundation: Justin Sun’s Open Letter to the Community on TRON’s New Vision and the Launch of BitTorrent Chain

-h/t Twitter/JustinSunTron