TRENDING:
Canadian Unemployment
EUR/USD
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

TRON announces plans to venture into Ordinals and Bitcoin Layer 2 solutions

  • 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. 
TRON announces plans to venture into Ordinals and Bitcoin Layer 2 solutions
Ekta MouryaEkta MouryaFXStreet

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. 

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. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Pi Network Price Forecast: Bearish streak nears critical support trendline

Pi Network Price Forecast: Bearish streak nears critical support trendline

Pi Network (PI) edges lower on Friday for the third consecutive day, approaching a local support trendline. The on-chain data suggests an increase in supply pressure as Centralized Exchanges (CEXs) experience a surge in inflows.

Top Crypto Gainers: Zcash rallies as MYX Finance, Dash test critical EMA levels

Top Crypto Gainers: Zcash rallies as MYX Finance, Dash test critical EMA levels

Zcash , MYX Finance, and Dash are the top-performing assets in the top 100 cryptocurrency list over the last 24 hours. The privacy coin leads the rally while MYX and DASH struggle to clear their 100-day Exponential Moving Averages (EMA).

XRP slides amid record on-chain activity, mixed technical signals

XRP slides amid record on-chain activity, mixed technical signals

Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual DEX had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.

Orange Juice Newsletter – Smart insights by real people. Every day.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.