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

Mục lục

COINTURK NEWS

Các bài viết khác được xuất bản trên 25 thg 3, 2024

Wealth Multipliers: The Altcoins That Could Skyrocket

Bitcoin Value Surges Past $70K Amidst 9-Year Low in Coinbase BTC Supply

Xuirin Finance ($XUIRIN) Dives Into the Crypto Arena, Challenges Polygon (MATIC)

Bitcoin Surpasses Previous High: Turkish Investors’ Crypto Preferences

XRP Attracts Massive $1.2 Million Inflows Amid Bitcoin Exodus

Solana (SOL) Memecoin Presale Trend keeps rising and BTC faces price corrections while Healix Pre...

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!