In line with a recent official ‘tweet‘, ABCC crypto exchange has partnered with the 9th largest cryptocurrency Tron [TRX]. Tron’s founder and chief executive officer ‘Justin Sun’ confirmed this ‘follow-up on Twitter‘.
According to the announcement, the partnership has led ABCC the first crypto exchange to list tokens supported as per Tron’s TRC10 technical standards.
This announcement was ‘revealed‘ after the exchange formally discovered that its was within the process of adding support for tokens based on both TRC10 and TRC20 technical standards.
In line with Tron’s ‘guide for developers‘, TRC10 can be understood as a technical standard for token that are based on the crytpocurrency’s native blockchain without using TVM [Tron’s Virtual Machine].
While on the opposite side, TRC20 is the technical norm used for smart contracts that implement tokens with the TVM. It’s conjointly completely compatible with Ethereum’s [ETH] ERC-20 standard tokens.
Earlier in Dec. last year, Tron’s chief executive officer Justin Sun aforementioned that the corporate can build a fund to rescue Ethereum and EOS developers from wuhat he mentioned as the collapse of their individual platforms.
More recently, former chief strategy officer of BitTorrent argued that Tron would be unable to handle the mandatory transactions volume required to tokenize the torrent consumers. Having ‘purchased‘ BitTorrent earlier in July 2018, Tron used its own protocol to launch a cryptocurrency token for the platform dubbed “BTT”, earlier in Jan. this year.
However, at the reporting time, Tron’s native token TRX is listed as the ninth largest cryptocurrency by market capitalization, that is at around $1.63 Bln.
Tron [TRX] is presently trading at around ‘$0.024‘ USD, down around 1.31% on the day, in line with data provided by CoinMarketCap.