php editor Xigua Sun Yuchen caused a sensation in the Bitcoin L2 market, leading TRON to launch three new technologies "αβγ", which attracted widespread attention. This move not only accelerates TRON's layout in the Layer 2 market, but also injects new vitality and innovation power into the entire blockchain industry.
The law of heaven is cyclical, everything returns to nature, and the encrypted narrative seems to be in a cycle.
The performance issues discussed at the beginning of Bitcoin have now surfaced again - block space, side chains, Lightning Network, especially after Bitcoin Inscription Ordinals triggered a new round of market hot spots, the encryption community Started to return to the original intention and re-examine the early expansion solution, which is Layer 2 based on the Bitcoin blockchain. In this context, TRON DAO promptly noticed the focus of the community. After the Year of the Dragon began, Justin Sun quickly responded to community needs and played a trump card driven by the atmosphere of the TRON community: officially announcing the second-layer solution and route of Bitcoin. picture.
According to the roadmap plan disclosed by Justin Sun, Tron’s Bitcoin L2 strategy has three stages, namely roadmap stages α, β and γ.
First, in the roadmap phase α, the TRON network will be connected to Bitcoin through a cross-chain connection, and Enable conversions through exchanges. In the future, assets based on the Bitcoin network will be expanded to TRON's bridge. TRON will also strive to integrate various TRON tokens including USDT, TRX, BTT, JST, SUN, NFT, and WIN through cross-chain The integration of technology into the Bitcoin network will enable TRON’s tokens to interact and interoperate seamlessly with the Bitcoin network.
TRON DAO will also further research Ordinals and Bitcoin second-layer solutions, planning to invest in an easy-to-use wallet and tools to support BRC-20 tokens. This move marks TRON DAO’s continued efforts in exploring Ordinals and second-layer solutions for Bitcoin.
In fact, TRON has cut into the key point of Bitcoin L2 in the first stage - "bridging". This innovative method aims to decentralize and interweave various tokens in the TRON network , including stablecoins, with the Bitcoin network and the Layer 2 it is built on, such as Bitcoin Ordinals. Among many combinations, this integration will not only directly connect TRON with Bitcoin, but will also enable more than $55 billion in TRON. Ecological value can be connected to the Bitcoin network and inject more vitality into Bitcoin.
Needless to say, TRON will not simply play the role of a "Bitcoin side chain" because TRON itself has its own security model that is independent of the Bitcoin blockchain. From this perspective, since bridging is already relatively mature, extending the Bitcoin blockchain in this way is not an option in itself, but TRON’s solution to Bitcoin’s decentralization, security, and speed/scalability The best solution to the "trilemma" is that in the future, transactions on the Bitcoin chain can even be transferred to off-chain, from the Bitcoin blockchain to TRON.
Market attitude also proves this. After the news was released, TRX, BTT, JST, SUN and other related cryptocurrencies all rose, reflecting the market’s optimism about TRON’s Bitcoin second-layer network integration plan. (Note: The data in the table below comes from Coingecko, and the data is taken on February 27, 2024):
According to the roadmap phase β, TRON users will participate in the re-staking activities of the main Bitcoin second-layer network. This will not only increase the value of the two major ecosystems at the same time, but also achieve the purpose of user interoperability. A large number of TRON users will enter the Bitcoin ecosystem, bringing a steady stream of incremental users to the world’s largest blockchain. On the other hand, more high-quality Bitcoin chain projects will also be transported to the TRON ecosystem. , reaching a wider user audience and community, ultimately allowing the two major ecologies to benefit from each other and achieve a win-win situation.
As the community has seen, the TRON ecosystem is currently developing rapidly, and has built a prosperous and diverse blockchain ecosystem after active deployment in gaming, finance, social networking and other fields. According to Tronscan data (as shown below), the number of TRON ecological accounts has exceeded 200 million, hundreds of thousands of developers, and thousands of DApp applications. The number of contracts created on the chain is close to 3.5 million.
As the world’s largest stablecoin market protocol, TRON has a stablecoin market value of US$55 billion, and in this article At the time of writing, TRON’s decentralized finance total value locked (TVL) also exceeded $22.5 billion, setting a new all-time high.
In the roadmap phase γ, Justin Sun proposed to integrate TRON and BitTorrent Chain (BTTC) and the Bitcoin network’s second-layer solution, this move undoubtedly marks an important milestone. It is reported that the relevant solution will introduce a Bitcoin-compatible protocol, aiming to maintain the speed and low fees of the POS system, while ensuring that it is compatible with Security of POW and UTXO when combined with Bitcoin L2.
In fact, although most existing Layer 2 inherit the security and reliability of the original chain, they have not been tested in terms of robustness like Bitcoin. As an independent network to a certain extent, the introduction of TRON to Bitcoin L2 is bound to add new risks and challenges. Frankly speaking, the key point of roadmap stage γ is the focus on the security of POW and UTXO when combined with Bitcoin L2, which is also an area ignored by other similar solutions.
As the world’s first heterogeneous chain cross-chain interoperability expansion protocol, BTTC jointly created by TRON core team and BitTorrent adopts a multi-node verification mechanism, the custody account is completely transparent, and it also has the TRON main network As a powerful guarantee for the security of BTTC network, it is one of the best cross-chain expansion solutions for current mainstream public chains. Of course, on the basis of perfect security, efficient speed and low fees may inject new energy and financial resources into the TRON network, which is likely to have a positive impact on the valuation of TRX and BTTC tokens in the future.
Frankly speaking, the TRON Bitcoin L2 "αβγ" three-phase strategy has attracted attention in the industry as soon as it was launched, especially Just after the New Year of the Dragon, Bitcoin successfully broke through the US$57,000 mark. The "powerful alliance" between TRON and Bitcoin came at the right time. This series of operations can't help but make the crypto community sigh: Why can Justin Sun catch it every time? Live at the forefront of the industry?
In fact, although he has mastered huge wealth, Justin Sun has always been working on the front line of the encryption market. He became famous at a young age as a post-90s generation and is a legendary and controversial figure——
Justin Sun’s relationship with Bitcoin began in 2012, when he was still studying for a master’s degree at the University of Pennsylvania. At that time, Bitcoin was in its infancy, with its decentralization, anonymity and other characteristics. Deeply attracted by Justin Sun, he is keenly aware of the huge potential contained in Bitcoin and regards it as the future financial revolution.
In 2017, Justin Sun founded TRON, committed to building a decentralized Internet infrastructure. TRON is based on blockchain technology and aims to break data islands and realize the free flow of information.
During the development process of TRON, Justin Sun cleverly integrated the concept of Bitcoin into it. However, compared to Bitcoin’s “rest on its laurels”, Justin Sun was obviously more innovative, and it only took just one year. , the TRON mainnet was successfully launched and launched a number of innovative technologies, such as the DPoS consensus mechanism, TVM virtual machine, etc., which greatly improved the performance and scalability of TRON, providing users with a more secure, transparent, and efficient Use experience.
In terms of industry enthusiasm, Justin Sun and Vitalik Buterin, the founder of Ethereum, have many similarities. Both of them came into contact with Bitcoin early and were keenly aware of its huge potential. Later, they continued to pay attention to the industry. Technology development, actively promote technological innovation, community building, and the formulation of industry technical standards. Justin Sun is not only a firm believer in the future of cryptocurrency, but also a builder who has consolidated infrastructure for the cryptocurrency industry.
For example, TRON has launched a number of industry initiatives to promote industry self-discipline and standardized development, including strengthening support for TRON inscriptions, accelerating the integration of TRON and BRC20, and launching a US$100 million The TRON Developer Fund aims to encourage innovation and reduce energy costs to attract more developers and users to use TRON. Regarding encryption supervision, Justin Sun also actively participates in international exchanges to promote the global development of the cryptocurrency industry. He calls on governments and Regulators have adopted a more open attitude towards cryptocurrencies, helping the international community to raise awareness of cryptocurrencies and promoting the understanding and acceptance of cryptocurrencies by governments and regulatory agencies.
Of course, the road to development is not smooth sailing, but in the face of doubts and slander from the outside world, Justin Sun has always maintained a candid and confident attitude, adhered to his original intention, and constantly proved himself with practical actions. He firmly believes in blockchain technology. future, and is committed to promoting TRON to become the world's leading blockchain platform. As Justin Sun said in response to previous negative news:
"After ten years of entrepreneurship, I have looked down upon the so-called injustice and unfairness, and deeply Know how heavy your responsibilities are, whether user assets are 100% safe, whether Huobi has 100% margin, and whether the daily transfers of Tron’s 200 million users are smooth, decentralized and safe enough. Money is more like a part Order is an order that requires a lot of time and effort to defend. We also deeply understand the serious consequences of disorder in the financial field, and blockchain will be a better financial order for mankind. ."
Today, TRON, as a top public chain, plays an important role in industry construction. Its safe, stable and efficient underlying technical support provides convenience for encryption development. It also provides convenience through ecological funds, incubators, etc. We provide financial, technical, operational and other support to help the encryption ecosystem grow and develop, and we also actively cooperate with other blockchain projects and institutions to jointly promote the development and application of related technologies.
Justin Sun’s “αβγ” three-stage strategy provides a clear roadmap for TRON to enter the Bitcoin L2 field. The successful implementation of this strategy will have a great impact on the TRON ecosystem and Bitcoin. It has a significant impact on the development of currency ecology. Obviously, the strong ecological value on the chain will promote the smooth implementation of TRON’s Bitcoin L2 roadmap plan and drive the entire industry to return to the original intention of blockchain and encryption technology. However, at the same time, TRON needs to also Overcome technical difficulties, improve product competitiveness and actively respond to changes in the regulatory environment. Only in this way can our position as a leading public chain be further consolidated.
This time's success in seizing the Bitcoin L2 trend is undoubtedly a full reflection of Sun Yuchen's keen market insight and strong resource integration ability based on many years of industry experience. As a new round of bull market begins, TRON is bound to gain Greater development space will bring more value to the industry and will play a more important role in the development of global blockchain.
The above is the detailed content of Dropping three blockbusters of 'αβγ', Sun Yuchen led TRON to enter the Bitcoin L2 market strongly. For more information, please follow other related articles on the PHP Chinese website!
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