As the narrative of BTC expansion continues to develop, the BTC Layer 2 ecosystem is showing a situation where a hundred flowers are blooming, just like the last round of public chain disputes in early 2021. As one of the most important infrastructures in the digital age, TRON recently announced the much-anticipated roadmap for Bitcoin’s second-layer solution, which has attracted widespread attention.
How can TRON expand more functions and ecology beyond payment for BTC Layer 2, and can it surpass the prosperity of Ethereum Layer 2? This article will explain how TRON integrates resources with BTC Layer 2 according to the three stages of the roadmap, how to attract traditional users to enter Web3 applications and participate in ecological growth, and how to redefine users understanding of BTC Layer 2.
Roadmap Phase α
In Phase α, TRON will usher in a new milestone in integrating with the Bitcoin ecosystem. It is reported that BTC (TRC 20-BTC) issued based on the TRON chain has been officially launched in October 2020. Bitcoin has been connected to the TRON network through a cross-chain method. Users can directly purchase TRC 20-BTC on the TRON network. , without the need for cumbersome cross-chain transactions. In the future, more assets based on the Bitcoin network will also expand cross-chain to TRON.
At the same time, TRON will introduce more functions and uses to BTC Layer 2 by realizing the interoperability between TRON tokens and the Bitcoin network, allowing users to manage and trade digital assets more conveniently, thus attracting more users to join TRON. TRON’s ecology and jointly promote ecological prosperity and development.
In addition, TRON DAO Ventures will also be involved in Ordinals and Bitcoin Layer 2 solutions. The plan to launch user-friendly wallets and tools to support BRC-20 tokens through investment and incubation marks TRON’s exploration of Ordinals and Bitcoin Layer 2 solutions.
Roadmap Phase Beta
As Bitcoin is an asset in a global sense, the financial application layer based on the Bitcoin ecosystem is particularly important. Stacks introduced smart contracts into Bitcoin as an independent protocol, expanding the utility of Bitcoin. Rootstock tried to integrate smart contracts with Bitcoin network security and user acceptance, and developed a two-way anchor with Bitcoin on the premise of protecting the core value of Bitcoin. Determined side chain. Many Bitcoin second-layer projects are actively exploring to inject financial vitality into Bitcoin.
Phase β of the Bitcoin Layer 2 solution roadmap released by TRON is: it will cooperate with multiple Bitcoin Layer 2 protocols and gradually announce major partnerships. This strategic move provides TRON users with the opportunity to participate in re-staking events on major Bitcoin Layer 2 networks, further by unlocking the liquidity of staked assets and allowing stakers’ assets to be re-staking across multiple networks and services for additional yields. Improved capital efficiency and earnings potential.
In the future, TRON will play a key role in leading the trend of re-staking activities on the Bitcoin Layer 2 network, bringing more innovation to the industry, thereby making the industry more efficient and mature.
Roadmap Stages|
In Phase γ, TRON will launch a Layer 2 solution integrating TRON, BTTC and the Bitcoin network. This marks a new stage in TRON’s blockchain development. The solution is designed to be a highly synergistic protocol with Bitcoin, with the goal of ensuring POW and UTXO security alongside BTC Layer 2 while maintaining POS system speed and low fees.
The latest data from the blockchain browser TRONSCAN shows that the current TRON total pledge volume (TVL) exceeds 22.5 billion US dollars, a record high. At the same time, the total number of TRON accounts exceeds 210 million. Behind the continuous improvement of various data, it is not only a reflection of its uniqueness and advantages, but also a concentrated reflection of users trust and expectations for TRON. This also highlights the prosperity of the TRON ecosystem and injects strong impetus into the development of the industry.
BTTC (BitTorrent Chain) in the Tron ecosystem is the worlds first heterogeneous chain cross-chain interoperability expansion protocol. It adopts a multi-node verification mechanism, the custody account is completely transparent, and with the support of the Tron main network, it provides BTTC network Strong security. BTTC provides Web3 developers with a faster, lower-cost, and more scalable platform. Through BTTC, global users can directly exchange value between TRON, Ethereum and other public chains in a decentralized manner.
Looking forward to the future, the powerful combination of TRON, BTTC and the Bitcoin ecosystem will bring more surprises to the industry. This cooperation is also expected to inspire more partnerships, inject more vitality into the entire ecosystem, and form a powerful driving force for collaborative efforts to jointly promote the development of blockchain technology and industrial innovation.
at last
The second-layer Bitcoin solution and route officially launched by TRON will provide a strong driving force for the development of the Bitcoin ecosystem and will also provide more technical support for Web3 users. By improving performance, strengthening security, promoting asset liquidity and realizing cross-chain interoperability, the TRON ecosystem will form a positive flywheel effect in the future, continue to prosper and develop into a highly competitive global ecosystem, and bring 8 billion people around the world People achieve financial freedom.
