TRON announces layer-2 development roadmap on Bitcoin
TRON claims to want to fully develop the Bitcoin ecosystem through building a layer-2 for the world's largest cryptocurrency network.
TRON announces layer-2 development roadmap on Bitcoin. Photo: CCN
On the afternoon of February 15, founder of TRONJustin Sunsuddenly announced the "pivot" toBitcoin, posting a development roadmap to form a solutionlayer-2new for BTC.
The above project was formed with the ambition to connect a series of tokens operating in the ecosystemTRON- including USDT, TRX, BTT, JST, SUN, NFT, WIN and USDC - come to Bitcoin, opening up many new development opportunities in both DeFi and Ordinals.
Justin Sun claims TRON is the leading cryptocurrency network in stablecoins with $55 billion in stablecoins in circulation, plus $22 billion in TVL DeFi.
TRON's Bitcoin layer-2 development roadmap is divided into 3 stages:
- α (alpha): TRON develops a cross-cahin bridge to bring assets on TRON to Bitcoin.
- β (beta): TRON will gradually announce cooperation agreements with other layer-2 solutions on Bitcoin, helping users participate in staking activities.
- γ (gamma): TRON launches layer-2 integrating TRX and BTC, committed to providing the high transaction speed and low fees of a Proof of Stake network, but still ensuring the usual security of Proof of Work .
The TRON founder affirmed that the above roadmap shows the project's commitment to embracing and promoting new blockchain advances, while also setting standards for the entire industry.
SinceOrdinals - RegistrationAppearing in early 2023, the Bitcoin network has been given a breath of fresh air, with countless applications and features developed throughout the past year. After NFT and token creation, the next development trend is to build layer-2 on Bitcoin, with many projects having such ambitions, according to a summary fromDWF Ventures.
The TRON network will not have many notable developments in 2023, other than continuing to be part of the Justin Sun ecosystem, including TRON and TRX tokens, Poloniex exchange andCooperative (Old Huobi changed name).
In the past, TRON and Justin Sun also "caught the trend" of the cryptocurrency market many timesTRON sets up a 100 million USD AI fundas the AI wave emerges in late 2022 , Huobi announced registered to operate in Hong Kongto prepare for this special economic zone to recognize cryptocurrencies again, followed by announcementBuild layer-2 on BitTorrentafter news of Coinbase developmentBase.
TRX token price is increasing slightly after Justin Sun announced that TRON will build a layer-2 solution for Bitcoin. TRX has also recovered impressively following Bitcoin's upward trend since mid-January.
1D graph of the TRX/USDT pair on Binance at 03:40 PM on February 15, 2024
