- A recent partnership has been completed between Tron and the cross-chain data Oracle project, band protocol in a new corporation.
- From here, scalability for all developers on Tron will be improved as it will bring in higher throughput and a customisable (and decentralised) oracles to the ecosystem.
A recent partnership has been completed between Tron and the cross-chain data Oracle project, band protocol in a new corporation. From here, scalability for all developers on Tron will be improved as it will bring in higher throughput and a customisable (and decentralised) oracles to the ecosystem.
The CEO of Tron, Justin Sun has commented on the partnership as he has said the following:
“We are ecstatic to enhance TRON with the most valuable oracle product on the market. This integration marks a new era of high-quality partners, protocols, and services migrating to TRON’s blockchain. The future of blockchain technology is bright as we kick off a series of TRON DeFi partnerships to come. TRON’s ecosystem is growing faster than ever and having Band Protocol secure our top applications helps us speed up the adoption of DeFi and DApps worldwide.”
Both of these projects have been working with some of the biggest dApps on the Tron network. This will help ensure the success of the band protocol implementation. From here, numerous Cryptocurrency pairs will be able to be read on the BandChain and bridges month contract.
Co-founder and chief executive officer of band protocol Soravis Srinawakoon also commented on this partnership saying:
“Band Protocol is thrilled to be the first oracle solution integrated into the TRON public blockchain, a pioneer platform for scalable blockchain technology and world-leading operating system for almost 1000 decentralized applications. Working closely with the TRON team to support and bring secure, customizable and decentralized oracle technology will power the next generation of scalable applications that fuel the next wave of blockchain adoption.”
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!