Boost

Bitcoin

USDC

TRON

Notable

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/tron-advances-bitcoin-layer-2-solution-to-boost-liquidity-and-interoperability/" data-wpel-link="internal">Tron Advances Bitcoin Layer-2 Solution to Boost Liquidity and Interoperability</a><br></p>
<p class="p1" style="text-align: justify">Layer-1 blockchain network <strong><a href="https://coin-turk.com/trona-bir-darbe-de-disneyden-geldi" data-wpel-link="internal">Tron</a>,</strong> is working on a <a href="https://en.coin-turk.com/bitcoin-btc-and-crypto-markets-face-downward-correction-threat-says-analyst/" data-wpel-link="internal">Bitcoin</a> Layer-2 solution that will support a “wrapped” version of <a href="https://en.coin-turk.com/unveiling-the-dynamics-of-stablecoins-tether-usdt-dominates-amid-shaky-economic-climate/" data-wpel-link="internal">Tether</a> and potentially allow billions of dollars in liquidity to flow into the <a href="https://coin-turk.com/tecrubeli-analist-bitcoin-alma-zamani-gelmis-olabilir" data-wpel-link="internal">Bitcoin</a> ecosystem. In February, <a href="https://en.coin-turk.com/challenging-days-ahead-for-tron-as-profitability-sparks-concern/" data-wpel-link="internal">Tron</a>‘s founder Justin Sun revealed a roadmap for Tron’s Bitcoin Layer-2 solution in a tweet; this solution will enable the movement of stablecoins and tokens between Tron and Bitcoin.</p> 
<h2 class="p1" style="text-align: justify" id="tron-team-s-noteworthy-move">Tron Team’s Noteworthy Move</h2> 
<p class="p1" style="text-align: justify">According to Sun, this integration will not only directly connect TRON to <strong>Bitcoin</strong>, but also facilitate access to over $55 billion in value, thereby injecting financial vitality into Bitcoin. A Tron spokesperson discussed the plans, likely including the creation of a wrapped version of USDT. Tron’s network currently hosts over half of the $104 billion of USDT issued across multiple blockchain networks.</p> 
<p class="p1" style="text-align: justify">The integration is expected to attract new users to the Bitcoin ecosystem and particularly expand the network’s use cases in the decentralized finance sector. Sun stated that the Bitcoin Layer-2 solution would allow TRON-based tokens to interact and work seamlessly with Bitcoin.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-332654" src="https://coin-turk.com/wp-content/uploads/2024/03/sun-tweet.webp" alt="" width="500" height="365"></p> 
<p class="p1" style="text-align: justify"><strong>Tron</strong> spokesperson mentioned that the plan is still at the concept stage but is likely to proceed. For now, the firm will utilize existing cross-chain protocols to bridge USDT and other tokens between Bitcoin and Tron. Part of Tron’s plan also involves collaborating with various Bitcoin Layer-2 protocols.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-332653 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/tron.jpg" alt="" width="750" height="424"></p> 
<h2 class="p1" style="text-align: justify" id="notable-details-on-the-process">Notable Details on the Process</h2> 
<p class="p1" style="text-align: justify">USD Coin, a stablecoin rival to Tether, may be a different story due to issuer Circle halting USDC minting on Tron in February. A Tron spokesperson said that the recent increase in community interest in expanding Bitcoin’s functionality and scalability was one of the main reasons for considering a Layer-2 solution. They added that developing decentralized applications on Bitcoin, with fees in Bitcoin, could potentially improve Bitcoin’s price dynamics as well.</p> 
<p class="p1" style="text-align: justify">Meanwhile, Tron’s decentralized autonomous organization, TRON DAO, is also working to create a user-friendly wallet and toolset to support Bitcoin-based Ordinals and BRC-20 tokens. In January, cryptocurrency investment firm CoinShares predicted that a Bitcoin-based stablecoin could emerge in 2024, potentially competing with other stablecoins in speed and cost.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/tron-advances-bitcoin-layer-2-solution-to-boost-liquidity-and-interoperability/" data-wpel-link="internal">Tron Advances Bitcoin Layer-2 Solution to Boost Liquidity and Interoperability</a></h5>

Tron Advances Bitcoin Layer-2 Solution to Boost Liquidity and Interoperability

Indice dei contenuti

COINTURK NEWS

Altri articoli pubblicati su 25 mar 2024

Solana Meme Coin Mania Continues, Coinbase's BASE L2 May Be the Next Big Opportunity For Memecoin...

Bitcoin Halving: A Beacon of Hope Amidst Crypto Market Hype!

Why Did Bitcoin (BTC) Price Soar Today? Here are Analysts’ Theories

Turkey’s Cryptocurrency Market Reacts to Bitcoin’s Record Surge

Crypto Market Update: Bitgert Coin Shines as Solana and Cardano Falter

ANZ Partners with Chainlink to Advance Global Asset Exchange and Smart Contracts

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!