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Tron DAO Enters a Strategic Partnership with Merlin Chain

Twitter icon  •  Published 1 year ago on February 27, 2024  •  Hassan Maishera

The Tron DAO team announced via X on Tuesday that it has entered into a strategic partnership with Merlin Chain, a native Bitcoin layer-2 blockchain.

Tron DAO Enters a Strategic Partnership with Merlin Chain

The Tron DAO team announced via X on Tuesday that it has entered into a strategic partnership with Merlin Chain, a native Bitcoin layer-2 blockchain. The partnership will see the two entities work together to expand Bitcoin interoperability, utilities and financial accessibility.

The team added that this latest development will drive cross-chain growth, expanding DeFi opportunities, and fueling innovation on the TRON Network.

TRON is a public blockchain attempting to become the core infrastructure for a decentralized internet. TRON relies on a Delegated Proof-of-Stake (DPoS) mechanism in which 27 Super Representatives rotate every 6 hours to validate blocks and transactions. TRX is up by 2% so far today and is trading at $0.14283 at press time.

 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.