Tron has completed integration with Oracle's cross-chain data project, the Band protocol in a recent partnership. This will improve scalability for all Tron developers by bringing high-performance, customizable, and decentralized oracles to the Tron ecosystem.
Plans are underway to protect all Tron applications covering Business, Government, Gambling, Gaming, RNG DeFi and more, integrating them with Band Protocol as part of the partnership. Tron JUST's leading stablecoin protocol, with $ 30 million in collateral, will be the first to integrate with the Band Protocol. This will extend to several other dapps that process transactions in high volume to ensure that the entire ecosystem is protected.
Commenting on the partnership, Tron CEO Justin Sun said:
“We are delighted to enhance TRON with the most valuable Oracle product on the market. This integration marks a new era of high-quality partners, protocols and services migrating to the TRON blockchain. The future of blockchain technology is bright as we initiate a number of TRON DeFi partnerships to come. The TRON ecosystem is growing faster than ever and having the secure band protocol for our core applications helps us accelerate the adoption of DeFi and DApps around the world. "
Both projects have already started working with the major dapps on the Tron network to ensure the success of the Band Protocol integration by making a number of cryptocurrency pairs readable on the BandChain bridge smart contract. This includes BTC / USD, ETH / USD, BNB / USD, BUSD / USD, BAND / USD, XAU / USD, XAG / USD, EUR / USD, CNY / USD, JPY / USD, GBP / USD, and KRW / USD.
Band Protocol CEO and Co-Founder Soravis Srinawakoon, also speaking about the partnership, said:
“Band Protocol is delighted to be Oracle's first solution integrated into the TRON public blockchain, a pioneering platform for scalable blockchain technology and a world-leading operating system for nearly 1,000 decentralized applications. Working closely with the TRON team to support and deliver secure, customizable and decentralized Oracle technology will power the next generation of scalable applications that will fuel the next wave of blockchain adoption. "
Also as part of the partnership, a TRC20 BAND token will be created specifically for TRON DeFi DApps to use as a collateral asset, store of value, and medium of exchange, among other uses. The integration will also allow Tron developers to create highly secure decentralized applications, as well as reduce data cost and network congestion issues as scalability increases. Hopefully this will drive adoption of your blockchain to help realize the dream of a fully decentralized internet.