- TRON founder Justin Sun announced the protocol’s road map to launching Ordinals and Bitcoin Layer 2 solutions.
- Sun’s plan is to decentralize and connect various token types within the TRON network, including stablecoins, with the Bitcoin network.
- TRON tokens including USDT, TRX, BTT, JST, SUN, NFT, WIN and USDC, will be made to integrate into the Bitcoin network.
- TRX price climbed nearly 2% on Thursday, alongside Sun’s announcement.
Justin Sun’s decentralized blockchain protocol TRON has unveiled plans for expansion into Bitcoin Layer 2 solutions. Sun states that his plan is to enable TRON’s tokens to interact with the Bitcoin network.
Also read: XRP price hits $0.5590 riding the wave of Bitcoin price rally and surge in on-chain activity
TRON to expand into BTC Layer 2 solutions
On February 15, Justin Sun announced TRON’s plan to expand into Ordinals and Bitcoin Layer 2 solutions. Sun plans to expand to Bitcoin network-based assets by bridging them to TRON. Sun informed his 3.5 million followers that TRON tokens, USD Tether (USDT), Tron (TRX), Bittorent (BTT), Just (JST), Sun (SUN), NFT, WINkLINK (WIN) and USD Coin (USDC) will be integrated into the Bitcoin network, via cross-chain technology.
The move will enable TRON’s tokens to interact with the Bitcoin network. Sun states that the innovative approach will bring TRON’s $22 billion Total Value Locked (TVL) to Bitcoin. Sun revealed that stablecoins, other token types in the TRON ecosystem, Layer 2s and Bitcoin Ordinals will inject financial vitality into BTC.
The TRON founder plans to build a user-friendly wallet and tools to support BRC-20 tokens.
#TRON Announces Its Bitcoin Layer 2 Solution and Road Map
— H.E. Justin Sun 孙宇晨 (@justinsuntron) February 15, 2024
Today is a significant day for #TRON.
Let's make #Bitcoin fun again!
As the protocol behind the world's largest stablecoin market, boasting $55 billion, and the decentralized finance Total Value Locked (TVL) of $22…
In the roadmap, Sun explains that TRON will collaborate with multiple Bitcoin Layer 2 protocols, announcing partnerships, staking initiatives and aim to launch a protocol with low fees and ensure the safety of the Proof-of-Work blockchain.
At the time of writing, TRX price is up 1.38% on the day. The altcoin is exchanging hands at $0.13137 and yielded over 6% weekly gains for holders.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Celebrity meme coins controversy continues amid Pump.fun revenue dominance
Pump.fun outperformed the Ethereum blockchain on Tuesday after raking in $1.99 million. Following this achievement, a meme coin based on actress Sydney Sweeney was the subject of controversy after its developers dumped their bags on investors.
PEPE's on-chain metrics indicate potential rally after weeks of silence
PEPE has struggled to see any significant price move after reaching an all-time high in May. Increased adoption rate and low MVRV ratio indicate a bullish run may be on the horizon. A single PEPE outflow from Binance worth $14.7 million gives credence to signs of bullish expectation.
Ethereum has failed to overcome key resistance despite bullish sentiment surrounding ETH ETF
Ethereum (ETH) is down more than 1.4% on Tuesday following another ETH sale from the Ethereum Foundation. Meanwhile, crypto exchange Gemini's recent report reveals that ETH ETF could see about $5 billion in net inflows within six months of launch.
Crypto community blasts Polkadot following report of treasury spending
Polkadot reports $87 million of treasury spending during H1. Crypto community members expressed harsh feelings toward the DOT team's high spending. DOT is up more than 2% in the past 24 hours but risks correction following the report.
Bitcoin: BTC price correction could end in July, according to seasonal data
Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.