- Through the partnership, Oraichain will add TRC20 token compatibility to OraiBridge, allowing for the simple and secure transfer of assets between the two blockchains.
- The Tron network can process smart contract payments much faster, thus expanding its global use case.
The Tron network and BitTorrent, under the leadership of Justin Sun, continue to make significant progress in blockchain innovation. With the artificial intelligence (AI) hype that has seen crypto-related tokens rally more than other digital assets, the Tron network has not been left behind in this sector. At the beginning of last month, Sun announced that Tron had reached its first AI partnership.
The tech entrepreneur announced that the Tron network can now build decentralised payment channels free from centralisation hurdles. Moreover, artificial intelligence could revolutionise the cryptocurrency trading industry through the fast execution of automated trades.
Exciting news! #TRON and #BitTorrent has reached its first AI partnership. To be announced soon! By combining AI and blockchain technology, we’re unlocking new possibilities and creating a more efficient future.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) February 2, 2023
Tron Meets Oraichain
The Tron foundation has announced its first official artificial intelligence (AI) partnership with Oraichain. This public blockchain enables smart contracts to request data from AI APIs alongside user-created data requests. Notably, the Oraichain uses Cosmos SDK and Terdemint’s Byzantine Fault Tolerance consensus to ensure fast transaction confirmation.
Through the partnership, Oraichain will add TRC20 token compatibility to OraiBridge, allowing for the simple and secure transfer of assets between the TRON blockchain and Oraichain. This will create the opportunity to offer new asset pairs on OraiDEX and open the door to exciting new cross-chain DeFi opportunities.
As a result, the Tron network can process smart contracts payments much faster, thus expanding its global use case.the announcement noted.
Through this partnership, TRON and Oraichain will work together to foster a community of developers, investors, and enthusiasts who are passionate about the potential of blockchain and AI. With the goal of expanding smart contract functionality and innovating new use cases, they will also provide educational resources to help developers learn more about the technology and how to integrate it into their projects,.
The Tron network is bound to significantly benefit from Oraichain’s partnership, particularly from its decentralized file storage, AI and crowdsourced data annotation, model training and test cases, on-chain execution, a data and AI marketplace, and the ability to publish models to AI Oracle.
The Tron network developers can now tap on the artificial intelligence in building scalable Dapps. Ultimately, the Tron and BitTorrent networks are expected to gain more global markets.
Moreover, the Tron network takes pride in over 143 million total user accounts on the blockchain, more than 4.9 billion total transactions, and over $11.6 billion in total value locked (TVL), as reported on TRONSCAN.
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Side Notes
Ranked 17 by market capitalization, TRON coin has over 95,777,050 holders according to on-chain data. According to our latest crypto data, TRON is trading around $0.069 on Thursday, up approximately 11 percent in the last 30 days.
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