BitTorrent Bridge Enables TRX Access on Ethereum
The founder of Tron blockchain, Justin Sun, has announced that Tron’s native asset, TRX, can now be fully accessed on Ethereum (ETH). This has become possible through BitTorrent Bridge, which allows interoperability between the two blockchains. Interoperability of blockchains refers to the ability of different blockchains to communicate and exchange data with each other smoothly. BitTorrent Bridge enables TRX to be transferred and accessed on the Ethereum network, and vice versa. The move is a significant development for Tron, which is currently the second-largest DeFi ecosystem in the cryptocurrency industry.
TRON Sets New Daily Transaction Record
Despite various challenges the cryptocurrency industry has been facing, Tron has continued to perform strongly. According to a Twitter thread by Justin Sun, the network hit a new record high in daily transactions; it processed over 10 million transactions in a single day. The robust performance of Tron’s network is a result of its quality, efficiency, and ability to continuously improve. Tron has set an ambitious target for the year, aiming to double its transaction volume. The growth in transaction volume is expected to further bolster protocol revenue and demonstrate the strength of the Tron ecosystem.
This news was first seen here: Justin Sun’s TRX To Reach Ethereum Network on 2023-06-02 10:30:19
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I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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