ABCC Exchange, a digital asset exchange, recently announced that it has with TRON (TRX), . The collaboration was first announced via a tweet posted yesterday from ABCC Exchange’s account.
We are excited to announce our partnership with ahead of ! is the 1st exchange that will list 10 tokens – We are one of the top exchanges with great security and user interface. Stay tuned!
mass adoption is coming
— ABCC Exchange (@ABCC_Exchange)
As part of the agreement, the ABCC Exchange will become the first to support the TRON ecosystem and list tokens based on its TRC10 technical standard. Justin Sun, the founder and Chief Executive Officer (CEO) of TRON confirmed the tweet yesterday via twitter.
is the 1st exchange to support ecosystem and we expect more exchanges to come in 2019!
— Justin Sun (@justinsuntron)
The news comes just days after ABCC revealed that it was adding support for tokens that are based on both the TRC10 and TRC20 standards.
According to Tron’s guide for developers: “TRC-10 is a technical token standard supported by TRON blockchain natively, without the TRON Virtual Machine (TVM). TRC-20 is a technical standard used for smart contracts on the TRON blockchain for implementing tokens with the TRON Virtual Machine (TVM). It is fully compatible to ERC-20.”
Back in December of last year, the CEO of TRON, Sun, announced via a tweet that he will build a fund to and EOS developers from what he called, the collapse of their respective platforms. Although, this will only happen if the developers migrate their decentralised apps to TRON.
will build a fund to rescue and developers from the collapse of their platform as long as those developers migrate their dapps to .
— Justin Sun (@justinsuntron)
Former BitTorrent CSO believes TRON is in over its head
However, the former chief strategy officer (CSO) of BitTorrent, Simon Morris, has recently expressed his doubts as to whether the TRON blockchain can handle the transaction volume that the popular file-sharing platform will demand in an interview with Breaker Magazine.
Morris was the CSO of BitTorrent up until it was acquired by TRON last year. Whilst working at BitTorrent, Morris shared that when he was the CSO his team discovered that tokenisation had the potential to make a platform run significantly faster. Whilst he believes that TRON is trying to implement a similar concept, Morris thinks there’s “no way” the capacity of its network would be sufficient.
Source: LinkedIn
At press time, TRX’s average trading volume is around $1.63 billion. The coin is now trading at $0.024, down by 3.63% on the day, according to data from CoinMarketCap.
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