Cryptocurrency exchanges are obviously an integral for the entire crypto ecosystem and lately they have been making quite a few headlines on their own. This just in, the ABCC cryptocurrency exchange has struck a partnership with the cryptocurrency Tron (TRX), which is the ninth largest cryptocurrency around the cryptoverse. The announcement came on the 15th of January via Twitter.
We are excited to announce our partnership with @Tronfoundation ahead of #niTROn2019! @Justinsuntron#ABCC is the 1st exchange that will list #TRX 10 tokens – We are one of the top exchanges with great security and user interface. Stay tuned!
#Blockchain mass adoption is coming pic.twitter.com/8T5mcgB9jn— ABCC Exchange (@ABCCExOfficial) January 15, 2019
And considering the whole Fortnite and Monero (XMR) debacle, we have learnt a thing or two about not trusting tweets entirely. But this particular news however, was also subsequently confirmed by the founder and CEO of Tron itself, Justin Sun.
ABCC Exchange is truly an awesome platform that has witnessed great development. We are glad to partner with #ABCC as it's the first exchange listing #TRX10 tokens. #TRON #TRX $TRX https://t.co/8VO7Z2jGOY
— H.E. Justin Sun 孙宇晨 (@justinsuntron) January 15, 2019
According to the announcement, owing to this recent partnership, ABCC has become the first crypto exchange to list tokens based on Tron’s TRC10 technical standard. This news of the partnership came following ABCC’s first announcement about the crypto exchange being in the process of adding support for tokens based on both the TRC10 and TRC20 standards.
Tron’s guide for developers explains the TRC10 token as a technical standard for tokens that are supported by the crytpocurrency’s native blockchain without the Tron Virtual Machine (TVM), being deployed.
Coming to the TRC20 token, it too is a technical standard, however for smart contracts that implement with the TVM. Furthermore, this particular token is also fully compatible with Ethereum’s (ETH) ERC-20 standard tokens.
Interestingly enough, before we stepped into 2019, Tron’s CEO, very boldly claimed that the company will build a fund specifically for the purpose of rescuing developers of Ethereum (ETH) and EOS, from what Justin called the collapse of their respective platforms.
However, not everyone has such high hopes from Tron. Only recently the former chief strategy officer of BitTorrent put forward his argument that Tron will fail to handle the necessary transaction volume needed to tokenize the torrent client.
BitTorrent and Tron actually share quite the history; in fact Tron acquired BitTorrent back in July of 2018. After which, Tron used its very own protocol to launch a cryptocurrency token for the platform that was referred to as “BTT”, and this was earlier this month only.
As of now, Tron is valued around $1.63 billion, which isn’t surprising as TRX is ranked the ninth largest cryptocurrency by market cap and is trading at $0.03.
For more details, stay tuned to BlockPublisher.
