This time, the Ethereum (ETH) blockchain community is feeling the effects of the Tron blockchain platform. The protocol’s creator Justin Solar said Tron is still on Ethereum by using the BitTorrent Bridge in a recent update that he provided with his more than 3.6 million Twitter followers.
Then Solar shared a public agreement on the Tron–Ethereum good contract, reiterating Tron’s complete accessibility to the world of decentralized finance (DeFi). For Tron, whose ecosystem had been mostly closed since its birth, the information is a huge issue.
The bridge to Ethereum means that a lot of Dapps and DeFi platforms that are built on Ethereum now support direct functionality for TRX.
With various protocols establishing compatibility via the Ethereum Digital Machine Engine (EVM), the Ethereum protocol is likely the most significant and more reliable hub for DeFi advancements.
Although Tron is connecting to Ethereum via a completely different path, the overall objective is undoubtedly to tap into the latter blockchain protocol’s extremely high liquidity. The value of TRX, which has always lagged behind that of its peers, will greatly benefit from this transfer.
Overly strong affinities towards Ethereum
While Justin Solar isn’t raising much of a fuss over the new interoperability Tron has just acquired with Ethereum, other protocols saw it as a very significant development.
Since the beginning of the year, protocols like File coin and EOS have introduced their EVM compatible wares, each focused towards using the robust Ethereum ecosystem to the benefit of their users.
The connected blockchain may access more protocols beyond just Ethereum with related compatibility, which is one benefit of establishing EVM compatibility with Ethereum.
