BTSE Launches Tron TRX Token on its Global Network

BTSE, a financial technology exchange, announced this Tuesday that it has integrated Tron’s TRX token to its global network, as content sharing platforms continue to grow amid COVID-19.

The integration is the result of a number of the exchange’s users requesting that the TRX token be listed on the exchange, the company said in its statement today. It is also part of the exchange’s plans to accelerate retail adoption of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

TRON (TRX) was founded in 2017 by Justin Sun through a Singapore-based non-profit called the Tron Foundation. Sun, who is also the CEO of BitTorrent, recently acquired Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-based social network site Steem.

Following the acquisition, Sun is planning for TRX to create Web 3.0, or a “third web”, the statement explains. Via this third web, information and content will be transferred on an open decentralised network, without the need for content applications.

Commenting on the integration, Jonathan Leong, CEO of BTSE said in the statement: “TRX has been one of the most requested tokens to be listed on the BTSE Exchange. We are happy to now provide our users with access to one of the largest cryptocurrencies by market capitalization and support the further growth of the TRON network in its quest to make content sharing more accessible, cheaper and faster.”

TRON token available on BTSE Order Book

On BTSE, the TRX token will be available to trade on the exchange’s Order Book. The token is the 24th currency to be made available on BTSE, with the virtual currency available to trade in both fiat and crypto pairing.

TRON is the 13th largest cryptocurrency in terms of market capitalisation, according to CoinMarketCap. At the time of publishing, there is currently $1.15 billion worth of TRX in circulation.

“It is our pleasure to be one of the most requested tokens listed on the BTSE Exchange. This integration is another step closer to real-world cryptocurrency adoption which is a major goal in the blockchain industry,” added Justin Sun, Founder of TRON in the statement.