Tron Founder Unveils BTC Layer-2 Solution Amid Rising Cryptocurrency Values

Tron Founder Unveils BTC Layer-2 Solution Amid Rising Cryptocurrency Values

By: Eliza Bennet

Justin Sun, the founder of the Tron blockchain, recently revealed plans for a Bitcoin-based layer-2 solution aimed at decentralizing and integrating diverse token formats within the Tron network. This comprehensive approach seeks to bolster interoperability and enable Bitcoin to leverage Tron's $55 billion stablecoin pool.

Tron's roadmap for its Bitcoin layer-2 solution involves three key phases. The initial phase entails integrating various Tron token formats with the Bitcoin network through cross-chain technology. Following this, the stage two involves collaboratively working with multiple Bitcoin layer-2 protocols to allow users to participate in staking activities across various BTC-based layer-2 networks. Finally, the network will implement a layer-2 solution interfacing Tron, BitTorrent Chain (BTTC), and the Bitcoin network. This innovative protocol will combine the efficiency of a proof-of-stake (POS) blockchain system with the robust security offered by proof-of-work (POW) networks.

Among recent developments in the crypto sphere, Bitcoin's total value of assets locked (TVL) exceeded $1 billion, marking a significant milestone in the crypto landscape. This surge has been attributed mainly to a recent event hosted by Merlin Chain, a native Bitcoin layer-2 network developed by Bitmap Tech. This milestone underscores the rising trend of DeFi activities within the Bitcoin ecosystem and further consolidates its position as the leading blockchain in the evolving crypto space. Meanwhile, BitTorrent's BTT token, issued on Tron, continues to surge alongside this positive news.

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