Place/Date: San Francisco, CA, US - August 13th, 2020 at 4:00 pm UTC · 3 min read
Contact: TRON, Source: Tron
Together, Waves and TRON are using Gravity to connect their respective blockchains’ smart contract languages: Ride and Solidity. Gravity is a blockchain and token-agnostic oracle with a cross-chain communication network. TRON and Waves are establishing a bridge through Gravity which will allow both ecosystems to enhance access to services for two userbases.
Decentralized Finance (DeFi) is a new movement that can revolutionize the way people work with capital and assets. Started as a field that dealt exclusively with crypto-collateralized loans, staking, and algorithmic stablecoins, DeFi is quickly developing into a full-fledged infrastructure for capital management, including non-crypto capital (aka tokenized Forex and Stocks).
One of the strongest barriers to mass adoption of crypto is the fragmentation of blockchain ecosystems and the lack of inter-chain communication between different products and services. As deeper integrations are introduced, it becomes easier for users to interact within the ecosystems and a stronger network effect will lead to growth for all blockchains involved.
As a major stepping stone on the endeavour to unite all blockchains, we are pleased to announce a strategic collaboration between the Tron and Waves ecosystems, both of which have a rich history of successful and popular product cases.
Although these platforms use blockchains with different types of consensus, native tokens ($ TRX / $ WAVES), wallets (TronLink / Keeper), as well as smart contract languages (Solidity / Ride), thanks to the development of the Gravity protocol, this symbiotic collaboration becomes possible. Gravity, as a blockchain- and token-agnostic oracle and cross-chain communication network, will initially support two smart contract languages: Ride and Solidity.
In order to grow the accessibility of our products and the outreach of our cumulative userbase, Tron and Waves will establish a bridge through Gravity, which will allow for both ecosystems to thrive together.
To achieve deeper inter-chain connectivity, Tron and Waves will cooperate on the following collaboration and integration schemes:
Tron has made major steps to build the necessary infrastructure for DeFi to thrive, with close to 4 billion $ USDT issued on Tron’s blockchain as proof of their dedication. The scope of cooperation between Waves and Tron is not limited to the above list of integrations, where research and prototyping are already in progress. We believe that the Tron and Waves ecosystems have the potential to revolutionize the inter-chain DeFi industry by pioneering and expanding this trend to other blockchain ecosystems.