TRON Announces Its Bitcoin Layer 2 Solution and Road Map

TRON, a leading blockchain platform and protocol, has announced a major shift in its strategy, aiming to develop a comprehensive ecosystem for Bitcoin through building a layer-2 solution for the world’s largest cryptocurrency network. On February 15, TRON founder Justin Sun surprised the crypto community by revealing his “pivot” to Bitcoin, posting a road map to create a new layer-2 solution for BTC. Sun tweeted:

TRON Announces Its Bitcoin Layer 2 Solution and Road Map

Today is a significant day for TRON.

Let’s make Bitcoin fun again!

According to Sun, TRON is set to unveil its groundbreaking Bitcoin Layer 2 solution, which will enable various token types within the TRON network, including stablecoins, to interoperate with the Bitcoin network and its existing layer-2 solutions, such as the Bitcoin Ordinals. The Bitcoin Ordinals are a new form of digital assets that are inscribed on satoshis, the smallest unit of Bitcoin, using the Taproot upgrade that was activated on the Bitcoin network in November 2021. The Bitcoin Ordinals, also known as Ordinal Inscriptions, are similar to non-fungible tokens (NFTs) that represent unique and scarce digital collectibles.

Sun claimed that this integration will not only link TRON directly with Bitcoin, but also facilitate access to over $55 billion in value to the Bitcoin network, thereby injecting financial vitality into Bitcoin. He added:

Let’s make #Bitcoin fun again!

Sun also shared a detailed road map, outlining three stages (α, β, γ) in the rollout of its Bitcoin Layer 2 solution. In Stage α, TRON will expand its cross-chain connections with the Bitcoin network, allowing various TRON tokens, such as USDT, TRX, BTT, JST, SUN, NFT, WIN, and USDC, to be integrated into the Bitcoin network via cross-chain technology. This will enable TRON’s tokens to interact and interoperate with the Bitcoin network seamlessly.

In Stage β, TRON will collaborate with multiple Bitcoin Layer 2 protocols, gradually announcing significant partnerships. These collaborations will allow TRON users to participate in restaking initiatives across major Bitcoin Layer 2 networks, supporting the growth of the Bitcoin Layer 2 ecosystem with TRON’s diverse asset portfolio.

In Stage γ, TRON will announce a Layer 2 solution that integrates TRON, BTTC, and the Bitcoin network, marking a significant milestone. This solution will introduce a protocol that is compatible with Bitcoin, aiming to maintain the speed and low fees of POS systems while ensuring the safety of POW & UTXO in conjunction with BTC L2.

This ambitious road map demonstrates TRON’s commitment to enhancing the interoperability and utility of blockchain technologies, setting a new standard for the industry’s future.

TRON’s announcement comes at a time when the Bitcoin network has been experiencing a new wave of innovation, thanks to the emergence of Ordinals – Inscription in early 2023. Since then, the Bitcoin network has seen a plethora of applications and functionalities being developed throughout the past year. After NFTs and token creation, the next trend is to build layer-2 solutions on Bitcoin, with many projects having such aspirations, according to a summary from DWF Ventures.

TRON is one of the largest blockchain-based networks in the world, with over 50 million users and 2.5 billion transactions. TRON is also the protocol behind the world’s largest stablecoin market, boasting $55 billion, and the decentralized finance Total Value Locked (TVL) of $22 billion. TRON has recently been active in NFT technology, launching its first NFT standard (TRC-721) in March 2023, and enhancing the distributed storage system BTFS, providing an efficient infrastructure to turn artworks into NFTs on the blockchain.

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