TRON is Now Available on the Ethereum Blockchain Network

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Justin Sun on June 2, 2023 has tweeted on his own Twitter account that TRON (TRX) can be used on the Ethereum Blockchain through the BitTorrent bridge. This utility can consequently broaden the scope of well-known altcoin projects. Access allows clients to move their TRX tokens from the TRON blockchain to the Ethereum blockchain.

https://twitter.com/justinsuntron/status/1664582616098705409

This can empower TRX clients to get decentralized applications at the Ethereum (Dapps) and decentralized finance (DeFi) organizational stage. The BitTorrent extension is referred to as a decentralized scaffold that uses smart agreements to work with the exchange of tokens between the TRON and Ethereum blockchains.

After this declaration, the price of TRX today jumped more than 10%, surpassed $0.084 and it was the highest value for the last 7 days which exceeded 20% more during the span of the last few months. TRON is the ultimate blockchain convention that is supposed to decentralize the web.

The TRON blockchain has low exchange fees, making it an attractive one for use by Dapps and DeFi applications. The BitTorrent Bridge is one of the ways for TRON to expand its scope in the crypto environment. The TRON establishment has also tried to bring in new engineers and accomplices. They also clearly intend to make TRON the main platform for Dapps and DeFi applications.

This then makes Tron usable on ethereum, where Tron holders can transact on ethereum, as well as Ethreum holders who can transact with Tron, also access to Defi and Dapps for Tron or Ethereum blockchains.. For these situations, the BitTorrent Bridge serves as a support service between the two blockchains, essentially working with the exchange of resources and information in a solid and decentralized way.

In my analysis, this will also increase TRX's liquidity and its use in DeFi conventions. In the news media, it is stated that the service is open-source and anyone can take part in the turn of development.

As we may know, currently Ethereum is known as the largest DeFi system in the blockchain industry. On Dapp Radar for example, we can see that more than 800 conventions hold more than $80 billion worth of resources.

https://twitter.com/justinsuntron/status/1664105903958941699

Meanwhile, TRON with $5.8 billion secured across 22 conventions, occupies the top spot among blockchain networks. Previously, on June 1, 2023 Justin Sun also detailed that a record number of daily transactions was reached on the TRON blockchain on May 31, with approximately 10,935,762 transactions.

In my opinion, the launch of the BitTorrent Bridge is a significant achievement for the TRON blockchain system. Likewise Tron, which was based on ERC-20 which was later created to remain the TRON blockchain. On the other hand, I see that it is also a potential that is also responsible for building TRX acceptance by Ethereum clients in the future.

It seems that through new ventures opening up to this world, it will be significant for the advancement of the system by executing cross-chain usability. The acceptance of cross-chain functionality will probably attract the attention of the crypto industry in the future, because it will affect the increase in the reach and support of multi-chain access services.

If you are interested in reading this news based on media analysis, you can read it in the following news media:

• TRON (TRX) Expands to Ethereum with BitTorrent Bridge
• TRON's TRX to Leverage BitTorrent Bridge on Ethereum Blockchain
• BitTorrent Bridge Breakthrough: Justin Sun's TRX To Reach Ethereum Network
• Justin Sun Drops Bombshell; TRON (TRX) Goes Live on Ethereum Blockchain

Disclaimer: This post is made as an education and not investment advice. Digital asset prices are subject to change. All forms of crypto investment have a high risk. I am not a financial advisor, before jumping to any conclusions in this matter please do your own research and consult with financial advisor.

Thus my post hopefully can help provide guidance and education to carry out functions in Wormhole3. Thank you for reading and responding to my post, have a nice day ♥️☺️

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