TRON and Waves partner to improve inter-chain compatibility

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Last Updated on 14 August 2020 by CryptoTips.eu

Popular blockchain platforms Tron and Waves announced a partnership that will enable cross platform interoperability. The partnership which was revealed on Twitter aims to connect their respective blockchains using Gravity.

Gravity is a blockchain and token Oracle that enables inter-chain communication. Using Gravity technology, Tron and Waves will be able to connect their smart contract languages Rude and Solidity leading to increased features.

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DeFi compatibility key factor for partnership

Tron and Waves are regarded as one of the top third gen blockchain platforms and keen on becoming key players in the DeFi sector. However the fragmentation of blockchain ecosystems is seen as a major barrier.

The introduction of Gravity represents an intermediary that will provide user-friendly integrations allowing developers to easily create apps that are cross compatible across both blockchains. With the recent surge in DeFi, inter-chain connectivity has become more important as more financial solutions become increasingly cross-chain compatible. Tron and Waves are looking to take full advantage of this and have highlighted some key features in the partnership.

Trc-20 tokens will be accessible on the Waves blockchain via a DEX gateway and would be listed on various Waves DEXs. This would lead to more users on the Waves ecosystem transacting with TRC-20 tokens. Tokens from the Waves ecosystem would also be listed on the Tron blockchain ecosystem via Gravity.

In addition there will be seamless swap system between Tron USDT stablecoin and Waves USDN stablecoin. Furthermore developers from both platforms will be able to create dApps with cross-chain compatibility.

Tron is considered as one of the top blockchain projects in the crypto space with a market cap of $1.7 billion. Its ecosystem also consists one of the most exciting comprising P2P sharing platforms BitTorrent and decentralized social media Steemit.

Waves meanwhile is one of the major players in the DEX ecosystem and ranked within the top 50 crypto projects based on market cap. This partnership is a win-win situation for both platforms and an important one in the advancement of DeFi ecosystem.