Tron Decentralized Exchange Justin Sun
Tron CEO and Founder, Justin Sun just announced on Twitter that Tronscan.org and TRX.market will jointly be launching a new TRX Decentralized Exchange (DEX) trading platform.
The platform is set to be released in 48 hours and will support both TRC-10 and TRC-20 token together.
Just last month, Tron’s first decentralized exchange went live on Tronscan with six tokens being listed. The new exchange features a new engine and the support for both TRC-10 and TRC-20 tokens. TRC-10 is the native token standard on the TRON blockchain, while TRC-20 is the standard used for smart contracts on the TRON Virtual Machine, and is fully compatible with Ethereum’s own ERC-20.
Other developers have already released similar DEX but this one is officially from Tronscan, which is a part of Tron Foundation.
Even in the bear market, Tron is able to gain a lot of attention and still remain seated in the top 10th position among thousands of other Cryptocurrencies. Tron has been able to get a lot of traction, Sun announced that he plans to include privacy features like Zk-Snarks in Tron eventually, the network has managed to grow consistently in terms of the number of accounts and daily transactions.
Sun also has put forth a new proposal to attract developers from the Ethereum and EOS ecosystems by building a new fund. dApps like Bitizens have already migrated to Tron from Ethereum due to scalability issues.
Blockmanity’s Take
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.
Circle of Games (COG)—Web3's multi-gaming platform has raised a $1mn round from Nazara, with participation…
Unconference Bali 2024, Asia’s premier Web3 event, is poised to take center stage against the…
Tradeleaf, a leading FinTech company empowering global trade through digital solutions, recently celebrated a significant…
Foundership Global Accelerator, a prominent force in the Web3 & Emerging-Tech Community boasting over 10,000…
April 16, 2024 - Condo, the world's first real-world asset (RWA) meme token, was recently…
The Partisia Blockchain Foundation, at the forefront of crafting privacy-enhancing and interoperable blockchain platforms, today…