Tron’s motto of decentralizing the internet was met with a lot of trepidation from the cryptocurrency market, but with every update and development, the Justin Sun led company looks closer and closer to achieving that mantra. Today, in the latest twist of events, Sun, the Chief Executive Officer [CEO] of the Tron Foundation had confirmed:
“#TRON has reached a partnership with the information security center of State Key Laboratory of Networking and Switching, BUPT. The reinforcing efforts from both the industry and the academia will be sure to advance the block chain sector. #TRX $TRX”
The tie-up is made to ensure that both the parties will work in tandem to bring in a wholesome change to the field of security and encryption. The proposed updates in the pipeline include working on the smart contract-based zero-knowledge proofs, homomorphic encryption, and many others. The official release from the organization stated:
“To TRON, this move is of great significance, where TRON Foundation can draw on the expertise of academia to advance the research and development of its protocol. TRON, in turn, will inspire university researches with its cutting-edge technologies.”
Users in the community were split on the latest development, with some saying that the partnership was just a media stunt, while others believed that it was a positive step in creating Web 4.0. This divide was evidenced by Trontonium, a Tron enthusiast who tweeted:
“I’m guessing your all salty because of Justin’s success & tron’s rise towards the dominant developers blockchain & you’ve backed a pile of leaderless horse shit crypto – checked your Twitter shills …I’m right.”
Tron was also in the news recently when BitGo confirmed that they would be providing institutional-grade support to the 11th ranked Tron. Sun had then tweeted:
“We are excited to be supported by BitGo, which will enable TRON to further delve into various DeFi applications and we welcome them as a partner.”
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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