Key details:
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Tron’s $55 billion stablecoin ecosystem will join with Bitcoin.
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Bridges shall be created between the networks and, sooner or later, additionally a pockets and a suitable L2.
Tron, the second most used community in decentralized finance (DeFi), introduced a collection of options that can enable its tokens to be built-in with the Bitcoin community. In this fashion, sooner or later it’s meant to realize a pure and frictionless integration between each networks, together with tasks reminiscent of Ordinals and the big stablecoin market in Tron.
The integration “is not going to solely instantly hyperlink Tron to Bitcoin, however may also facilitate entry to greater than $55 trillion in worth for the Bitcoin community, thereby injecting it with monetary vitality. Let’s make Bitcoin enjoyable once more!” wrote Justin Sun, founder and reference of Tron, in his profile on X.
The developer refers in his message to the stablecoin market in Tron, which has a capitalization of USD 55,000 billion. Tether (USDT), True USD (TUSD), USDD and USD Coin (USDC) are among the tokens with the best capitalization on the community. Its native token, TRX, is in a big uptrend in 2024as reported in CriptoNoticias.
The novelty is an enlargement of the present capabilities of the Tron community, which interacts with Bitcoin via connections between networks facilitated primarily by exchanges. Now, within the Alpha stage of the roadmap of this new venture, Bridges shall be created to permit cryptocurrency and token exchanges from one community to a different. This is how different networks have a tendency to attach, reminiscent of Ethereum with Tron, BNB Chain, Avalanche, Polygon and plenty of others.
We will work to combine Tron tokens reminiscent of USDT, TRX, BTT, JST, SUN, NFT, WIN and USDC, into the Bitcoin community via cross-chain know-how. “This will enable frictionless interaction and interoperability of Tron and Bitcoin.”
Justin Sun, founding father of Tron
Later phases of the Tron-Bitcoin integration
The integration shall be complemented with the event of a pockets that facilitates exchanges and that helps tokens reminiscent of these of the Ordinals protocol. That contains collections of BRC-20 tokens, that are fungible and will result in the popularization of stablecoins on Bitcoin sooner or later.
The Beta part, in the meantime, consists of Tron’s collaboration with varied Bitcoin layer 2 protocols. to drive the expansion of your ecosystem. According to Sun, these collaborations “will allow Tron users to participate in restaking initiatives between the main second-layer networks in Bitcoin, supporting the growth of that ecosystem through Tron’s diverse portfolio of assets.”
The final part within the roadmap, recognized because the Gamma part, would be the launch of a second layer that instantly integrates Tron and Bitcoin. Thus, a protocol suitable with Bitcoin would emerge that maintains the pace and low charges of networks with Proof of Stake (proof of stake or PoS), such because the one utilized by Tron, preserving the safety of Proof of Work (proof of labor or PoW). ), consensus algorithm utilized in Bitcoin.
