Categories: EthereumNews

Ethereum [ETH] and Tron [TRX] on the verge of collaboration?

On 6th April, Founder and CEO of Tron [TRX], Justin Sun hinted at an official collaboration with decentralized smart contract platform Ethereum.

As the founder of TRON and the CEO of BitTorrent has come up with a statement on TheCryptoChick podcast that something good is going to happen between the two projects within this year. In the interview, Justin Sun suggested that Tron could partner with Ethereum for the “betterment of the industry.”

He said:

“I think in the future we will even collaborate with lots of Ethereum developers and also the enterprises built on Ethereum before to make the industry better.”

Before moving onto its own platform, Tron was dependent on the Ethereum network and was also accused of copying the Ethereum whitepaper. Tron’s main selling point has been the scalability that Ethereum failed to deliver in order to build Dapps.

Justin said he is an advocator of brotherhood and true love of the ecosystem, Tron is planning to collaborate with lots of Ethereum developers (ETH) and in the nearest future to build enterprise solutions on the Ethereum Network.

According to Justin sun,

“The competitions are mainly based on the crypto community improvement.”

He also points out that the whole community will even gain extensively from the uniqueness of the stable coin Tether and Tron’s infrastructure. Tron has gained in importance after acquiring file sharing network BitTorrent and partnering with USDT to promote the use of stable coins, now Tron is trying to push its second layer technology “Sun network” named after the king himself, he claims that the network will help scale the transaction throughput by a 100 fold.

An employee of Ripple Labs mentioned that the Tron’s services and products are being developed so that they can attract more institutional investors. Sun assured that $20 million will be handled in a decentralized manner when he asked for clarification.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Manisha Agrawal

Manisha Agrawal is a cryptocurrency and blockchain enthusiast. She has worked as a content writer for two years and worked as a research based blockchain blog writer too. Also, she worked as a crypto news writer with various known firms like Crypto-News India, Coingape and The Coins Report.

Share
Published by
Manisha Agrawal

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago