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Essentials Wallet Adds BitTorrent Chain
Essentials is a decentralized wallet that supports EVM-compatible and non-EVM-compatible networks. It has recently integrated BitTorrent Chain which is commonly referred to as BTTC. The Essentials wallet, audited by Slowmist, boasts a range of cutting-edge features that streamline the user’s experience in the world of decentralized finance and blockchain technology. One of these features is the automatic Decentralized Identity (DID) generation, allowing users to effortlessly establish their digital identities, enhancing security and privacy.
Seamlessly integrating with Web3 decentralized applications and various blockchains, the wallet ensures smooth interactions and transactions. Its crypto wallet offers advanced interoperability, enabling users to easily swap and bridge assets across different networks. Additionally, the wallet empowers users to engage in smart contract operations associated with the Elastos Smart Contract (ESC) Chain, enabling them to harness the potential of decentralized applications and services in the ESC ecosystem.
With its multifaceted functionalities, the Essentials wallet stands as an indispensable tool for navigating the evolving landscape of blockchain technology and decentralized finance.
Rainberry, Inc., based in San Francisco, pioneered the decentralized BitTorrent protocol, transforming global file sharing. Their BitTorrent and uTorrent clients have seen 2 billion downloads, while BitTorrent Speed introduced blockchain for faster downloads. Rainberry advances Torrent tech, simplifying streaming, enhancing BitTorrent Speed, and developing decentralized storage via BTFS. Now, they’re leveraging their P2P network to reshape live streaming, connecting creators and audiences directly, bypassing centralized platforms.
BTTC was launched in December 2021. It is a blockchain scaling solution and a heterogeneous cross-chain interoperability protocol on Tron. It supports the cross-transfer of assets from EVM-compatible blockchains via the BTCC Bridge. BTTC facilitates smart contract extension through sidechains, making it possible for developers to migrate easily to and create decentralized applications (dApps) on the chain.
Switch to BTTC in One Click
Through this integration on Essentials, users can effortlessly transition from another network to BitTorrent Chain in an instant. For example, if someone has recently sent or received ELA using the Essentials wallet, they can seamlessly switch networks from Elastos to BitTorrent Chain with just a single click.
BitTorrent Token (BTT)
Tokenizing the globe’s foremost decentralized file-sharing protocol is achieved through BTT. This TRC-10 utility token operates on the ecosystem of BTTC, fueling functionalities across the planet’s most renowned decentralized protocols and apps. dApps empowered by BTT encompass BitTorrent Speed, BitTorrent File System, and forthcoming innovations. Essentials wallet supports BTT token by default and users can easily send and transfer BTT.
FilDA on Both BTT Chain and Elastos
In addition to serving as a bridge between BTT and Elastos, the Essentials wallet also facilitates access to FilDA, a project established by the Elastos community. FilDA has successfully introduced its offerings on BTT as well. Through the Essentials wallet, users can conveniently access FilDA on the ESC network.
FilDA, a DeFi protocol that operates on both Elastos Smart Chain and BTTC, has introduced lending and borrowing services on the BTTC. Additionally, they have unveiled the veFILDA token mechanism on BTTC, enabling users to actively impact the protocol’s interest rates through a gauge voting system.
Following thorough testing and improvements on the BTTC, FilDA plans to expand the deployment of veFILDA to other platforms, including Elastos Smart Chain. This collaboration creates a unified DeFi platform bridging Elastos and BTTC.
The integration of BTTC into Essentials wallet signifies a leap toward seamless access to the leading Torrent client. Rainberry, Inc.’s transformative role in decentralized file sharing, with BitTorrent’s massive adoption and innovative features, is reshaping the digital landscape. This synergy enables effortless network switches, amplifying Essentials’ commitment to decentralization. BTT further elevates the protocol’s impact, powering decentralized advancements and propelling the future of digital content distribution.