BitTorrent just lately launched an official submit to announce the launch of BitTorrent Chain mainnet. The digital asset enterprise can also be set to redominate plans for BTT after the mainnet launch.

BTTC or BitTorrent Chain is the world’s first cross-chain protocol with heterogeneous interoperability functionalities. The platform adopts the proof-pf-stake mechanism and makes use of sidechains to scale sensible contracts. The platform will now facilitate interoperability with public chains like TRON, the Binance Sensible Chain, and Ethereum.

As quickly because the community introduced its mainnet, merchants looked for the most recent BTT prediction to evaluate its efficiency. In line with BitTorrent’s developer group, the BTTC mainnet will launch on twelfth December with carried out redenomination. 

The submit acknowledged that each developer, pockets, trade, and different companion ought to conclude the redenomination and swap earlier than twelfth January 2022. BitTorrent will redenominate BTT tokens whereas sustaining th present market capitalization. The brand new tokens will probably be circulated out there at 1:1000.

However, BitTorrent will improve its whole token provide to 990,000,000,000,000. The provision was beforehand mounted at 990,000,000,000. The upcoming tokes will probably be known as BTT, whereas the previous tokens will probably be renamed as BTTOLD.

Holders of the upcoming BTT tokens can take pleasure in persk within the BitTorrent Chain ecosystem. A few of its major use-cases are:

Becoming a member of the BTTC community as a validator

Stking on the BitTorrent Chain to earn rewards

Participating within the governance and administration of the BitTorrent Chain group

Paying the fuel charges as BTTC’s native token

After releasing the BTTC mainnent, BTT and BITOLD will share the marketplace for a while. BitTorrent will launch the contract to trade the previous cash for the brand new tokens, and customers can full the swap at any time. Exchanges that don’t at present assist the redenomination course of can proceed to assist BTTOLD’s trade.