The Tron protocol has made waves in recent months for its attempts to bring blockchain adoption and involvement to a global audience. The blockchain solution is one of the top projects looking to shape the future of cryptocurrency and its underlying tech.
Tron made headlines a while back when Samsung added the project to its Blockchain Keystore, enabling smartphone users to access TRON dApps. The move allowed individuals to explore and appreciate what the world of decentralization can do through a smartphone.
During a recent interview, Justin Sun projected that more smartphone manufacturers could soon start integrating TRON into their devices and apps, extending the reach of blockchain tech infrastructure and apps to anyone with a smartphone.
In 2021, Tron is looking to build on its new decentralized finance (DeFi) infrastructure. The blockchain project will leverage JST, the native token of its DeFi ecosystem, as a base to integrate decentralized oracle lending/borrowing, exchange, and many other financial services.
Moreover, the Justin Sun-led will expand the functionalities of BTFS, TRON’s decentralized storage ecosystem.
A Bumper Year For the Tron Network
Over the past 12 months, Tron has emerged as a sector leader, and innovator focused on building a truly decentralized Internet.
Tron-based dApps created on the network hit 1,400 in 2020, with milestones also met for daily transaction volume as the platform onboarded millions of new users.
The project is emerging as one of the most prominent blockchain-based ecosystems in the crypto space. It offers high scalability, availability, and throughput support that serves as the backbone for all dApps in the Tron network.
In Dec of 2020, Tron launched its first borrow and lending platform dubbed JustLend, establishing a new and revolutionary DeFi ecosystem accessible to the masses.
That same month, the blockchain project focused on expanding BitTorrent’s decentralized file-sharing network by forging a partnership with giant technology brand Huawei. This collaboration featured plans to add the BitTorrent app to Huawei smartphones’ AppGallery store.
Sun, the CEO of BitTorrent, noted that his project was bringing the benefits of crypto to the masses by enabling file-sharing, trading, P2P payments, and more.
“2020 was the year when crypto went mainstream, and TRON played a pivotal role in integrating blockchain technology into the everyday life of billions”, Sun stated.
Latest Developments On Tron
More recently, in Jan 2021, Tron announced a partnership with Bitgo to bring DeFi-friendly Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH) to the Justin Sun-founded network. As reported by The Daily Chain, interested traders will now be able to tokenize their assets by minting WBTC and WETH.
In the coming months, crypto and blockchain enthusiasts can expect more acquisitions and industry-transforming partnerships from Tron . The Justin Sun-led platform looks set to continue positioning itself as the world’s largest decentralized network for entertainment, gaming, trading, and file sharing.