Tron’s founder and CEO Justin Sun has confirmed the news on Twitter after a subsequent tweet suggested that the ninth biggest cryptocurrency, Tron, was partnering with Coin Exchange ABCC. As one of the top exchanges, this could be a good move for Tron.
ABCC was seen to be adding support for tokens using the Tron TRC10 and TRC20 technical standards, before the partnership was announced. This makes it the first Coin Exchange to use Tron’s technical standards.
In an exciting declaration, Tron’s founder Justin Sun has said that they are building funds through this method to potentially save Ethereum and other EOS developers from what he believes could be their collapse.
The TRC10 technical standard allows developers to use the platform without the use of the Tron Virtual Machine, or TVM. It is also fully compatible with Ethereum’s ERC-20 standard tokens. By contrast, the TRC20 does go through use of the TVM.
However, some are sceptical, arguing that Tron won’t be able to tokenise the incoming torrent of clients through this method, as it is simply too large. Namely the former chief strategy officer of BitTorrent believes that this is the case. In 2018, Tron acquired BitTorrent, and used its own protocol to launch a token for the platform now called ‘BTT’.
By market cap, Tron’s native token, TRX, is listed as the world’s ninth largest cryptocurrency, and is trading at $0.03 with a market cap of $1.63 billion.
Whether or not this partnership will hold exciting things for the regeneration of Ethereum and other platforms has yet to be seen, but it could be a move that reaps rewards in the field of cryptocurrency. Only time will tell if this partnership will help to save one of the biggest Cryptocurrencies from collapse.