TRON and Waves Strategies a Partnership Creating Gravity

Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

  • TRON and Waves connected their blockchains’ smart contract language using Gravity. 
  • Gravity Oracle services can be used dApp developers of both platforms.
  • $TRON-USDT and 4USDN swap services will allow users to hold stablecoins.

TRON, a global blockchain ecosystem, is committed to starting to lead the next wave of DeFi innovation. For this, they have even built an infrastructure for DeFi which is near to $4 billion USDT that are issued on their blockchain’s platform. TRON for this has collaborated with Waves, a Ride based platform. With TRON’s programming language on Ethereum, which is Solidity combined with the two will be called Gravity will enable the two chains to be tangible with each other’s language. Gravity will act as an Oracle to query data on either of the chain and support both the smart contract languages.

How will user’s benefit?

The users will get the best of both the worlds i.e. Gravity will allow TCR20 tokens like BTT, TRX, JST available on the Waves blockchain and tradable at Waves DEXs. Same goes for Waves’ their native assets like USDN, WEST and NSBT will be tradable on TRON DEXs. Gravity has also made stablecoin swap between USDN of Waves’ and USDT of TRON possible for users.

Users from both platforms will also be able to create dApps or cross-chain decentralized applications. These applications will work equally effective on TRON and Waves and expandable via Gravity on blockchains. Both the companies with this strategic merger are planning to create seamless inter-chain connectivity and network effects of Decentralized Finance (DeFi) which will give growth to all the blockchains involved. 

Syncing the Blockchain ecosystem 

The partnership was announced on twitter where Founder of TRON and CEO of BitTorrent expressed that they are enhancing the future of DeFi by this partnership with Waves. They will be syncing the scalable blockchain ecosystem and TRON’s high-throughput with the Waves for exploring the real-world cases for the combined community. Sasha Ivanov, Waves association President commented that TRON has a strong technical structure with a solid community which is rare in the crypto world. And they are expecting strong synergy between the mutual projects.

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