TRON and Waves Partner on Inter-chain DeFi With Gravity
TRON, one of the most popular blockchains in the world, enters a strategic partnership with Waves.
Together, Waves and TRON are using Gravity to connect their respective blockchains' smart contract languages: Ride and Solidity. Gravity is a blockchain and token-agnostic oracle with a cross-chain communication network. TRON and Waves are establishing a bridge through Gravity which will allow both ecosystems to enhance access to services for two userbases.
One barrier to the mass adoption of cryptocurrency is the fragmentation of blockchain ecosystems. The lack of inter-chain communication between different products and services inhibits positive network effects. TRON and Waves aim to provide user-friendly integrations so that communicating becomes easier for everyone across each network. With seamless inter-chain connectivity, network effects such as Decentralized Finance (DeFi) may lead to growth for all blockchains involved.
DeFi revolutionizes the way people and companies manage capital and assets. DeFi started as a field that dealt only with cryptocurrency-collateralized loans, staking, and algorithmic stablecoins. Today, DeFi is developing into a full-fledged infrastructure for capital management, including non-cryptocurrency capital (such as tokenized Forex and Stocks).
"We are enhancing the future of decentralized finance with Waves," said Justin Sun, Founder of TRON and CEO of BitTorrent (News - Alert). "We are syncing TRON'shigh-throughput, scalable blockchain ecosystem with best-in-class partners to explore real-world use cases for our community. Working with Waves means speeding up blockchain mass adoption through agile service development."
To achieve deeper inter-chain connectivity, TRON and Waves will cooperate on the following collaboration and integration mechanisms:
TRON has taken major steps to build the necessary infrastructure for DeFi to thrive, with close to $4 billion USDT now issued on TRON's blockchain. The scope of cooperation between Waves and TRON is not limited to the above list of integrations, where research and prototyping are currently in progress. The coalescence of TRON and Waves' ecosystems exemplifies the bright future of the inter-chain DeFi industry.
TRON is dedicated to creating a boundary-free internet that inspires innovation across industries. TRON, one of the largest blockchain protocols, offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps). The ecosystem is governed by Super Representatives and the TRON community.
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