Blockchain
TRON Breaks the 100 Million Users Mark, Celebrates Mainnet 4th Anniversary, and Announces Huge Hiring Push Amid Market Meltdown
Geneva, Switzerland–(Newsfile Corp. – June 29, 2022) – TRON user accounts have reached 100,048,526, officially breaking the 100 million ceiling, according to data from the blockchain browser TRONSCAN, as of June 25. On the same day, TRON Mainnet celebrated its 4-year anniversary since network independence.
Latest Milestone Achievements from TRON
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Launched in May 2018, the mainnet of TRON is one of the three major public chains worldwide and remains committed to building the infrastructure for the decentralized internet. As a result, TRON has become one of the world’s largest and longest-running blockchain platforms.
TRON integrated BitTorrent into its ecosystem in July 2018, a pioneer in peer-to-peer file-sharing protocol and Web3 services. Its distributed technology allows creators and consumers to have autonomous control over their content and data while being innovative and highly scalable, with more than 170 million monthly active users.
Since 2021, TRON has substantially grown its presence in the NFT sector. In March 2021, the TRON-based TRC-721 NFT standard was established, which helped improve one of the world’s largest distributed storage systems, BitTorrent File System (BTFS), to support NFTs and blockchain-based assets. The community has since built a comprehensive infrastructure and partnered with GameFi and NFTFi projects deploying on the TRON blockchain, such as APENFT Marketplace and WIN NFT Horse.
Currently, the total number of transactions on TRON has exceeded 3.4 billion, the daily transfer volume of stablecoins has surpassed $10 billion worth of U.S. dollars on multiple occasions, and the daily settlement stands at least five times that of PayPal. TRON has no doubt already established a leading global clearing infrastructure layer. More recently, the TRON DAO Reserve was founded in May 2022, guiding the world’s first over-collateralized decentralized stablecoin USDD and providing 24/7 transparency on real-time collateralization.
TRON dApps have seen tremendous expansion during the past few years. TRON now boasts one of the largest dApp ecosystems in the world and commands a leading position in areas such as stablecoins, DeFi, NFT, and distributed storage, among others.
After four years of sustained growth, TRON DAO is also thrilled to announce that its team is further expanding, offering a unique opportunity to work directly with a Layer 1 Blockchain and touch every corner of the industry. The company has a fun, diverse, and challenging work environment that fosters creativity, efficiency, and teamwork.
TRON continues to thrive amidst a market for rescinded job offers and staff cuts. Despite the volatile market, TRON is taking this opportunity to scale up and align its internal culture around a set of shared values that remain driven and forward-thinking as they enforce its mission to accelerate the decentralization of the internet via blockchain technology and decentralized applications (dApps).
View open positions here.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2022, it has over 100 million total user accounts on the blockchain, more than 3.4 billion total transactions, and over $9.2 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
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Media Contact
Feroz Lakhani
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129413
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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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