CHINA endorsing the #TRON blockchain
CHINA endorsing the #TRON blockchain... Think about how big China is... and what this could mean? ;)
Tron, a blockchain-based ecosystem for digital content, might be the latest new kid on the cryptocurrency block — but with the help of the Chinese government, this latest crypto venture has a shot at giving bitcoin a run for its money.
On Saturday Tron Labs announced on its Medium page that a sibling social media company — Peiwo APP — received official recognition from the Chinese government. Known as the National High-tech Enterprise qualification, this endorsement will provied Peiwo with preferential status for research funding, staffing, and more.
Both Tron and Peiwo are part of the Tron Union, which is owned by the Beijing-based tech entrepreneur, Justin Sun. This newfound national recognition means that the fusion of social media and blockchain tech might become more common, but it also might mean a boost in the value of TRX, the coin used for exchanges in this digital ecosystem.
As far as Sun himself is concerned, the endorsement of Peiwo represents a larger acknowledgment on the part of the Chinese government of what the Tron Union is doing.
Tron was originally designed to give digital media creators total control and ownership of the content they create. Instead of having to publish the stuff they create on intermediary sites like Google Play or the Apple Store they have the power to manage their own content with Tron.
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