Justin Sun says Tron is exploring ways to integrate ZK-EVM

Share This Post

Tron network founder Justin Sun said his blockchain networks — TRON (TRX) and BitTorrent (BTT)– are exploring ways to integrate zero-knowledge Ethereum (ETH) Virtual Machine (zkEVM) into their ecosystems.

The Zero Knowledge (ZK) rollup is a layer2 solution allowing several transactions to be batched off-chain and executed on the mainnet.

In an April 5 Twitter thread, the crypto entrepreneur explained that such integration has the potential to benefit the TRON and Bittorent ecosystems.

He added that such benefits include increased privacy and security, improved scalability, and enhanced interoperability with other blockchain platforms.

Meanwhile, Sun’s statement comes at a time when the development of Zero-knowledge proofs is gaining momentum. In March, Matters Lab and Polygon zkEVM went live on the mainnet.

Sun noted that they are merely still exploring the possible integration of technology. It is not a guarantee that it will be implemented.

He added:

“Tron and Bittorent are known for their commitment to innovation and pushing the boundaries of blockchain technology, so it’s not surprising that they are exploring new avenues for improvement.”

It is uncertain how the integration will work.

BitTorrent is a cryptocurrency token project that Sun acquired in 2018. Tron is a smart contract blockchain network with the total value of assets locked within its ecosystem at $5.37 billion, according to DeFiLlama data.

TRX is trading at $0.0665 after gaining 3.5% in the last seven days, while BTT is up 4.2% within that period, according to CryptoSlate’s data.

Sun legal issues

Meanwhile, Justin Sun is facing civil charges from the U.S. Securities and Exchange Commission (SEC) for violating securities law.

The lawsuit also specifically mentions the manipulation of the secondary market for TRX through celebrity marketing and wash trading.

Sun has described the charges as lacking merit and an attempt by US authorities to silence the crypto industry. He added that Dominica had adopted TRX and BTT as legal tender.

The crypto entrepreneur’s ambassadorship to the World Trade Organization (WTO) ended on March 31.

The post Justin Sun says Tron is exploring ways to integrate ZK-EVM appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

World’s First Vote-to-Earn Meme Coin Flockerz Hits $400K in Trending ICO

A new meme coin called Flockerz (FLOCK) is gaining huge attention in the crypto market This project, which introduces a first-of-its-kind Vote-to-Earn (V2E) mechanism, has now raised $400,000 in its

Coinbase’s MiCA alignment in Europe to cause controversial delisting of major stablecoins like Tether’s USDT

Coinbase plans to remove all non-compliant stablecoins from its platform in the European Economic Area (EEA) by the end of the year This move aligns with the company’s efforts to adhere to the

Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes

On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 229%, approaching the $62,000 mark at 9:30 am EDT Ethereum (ETH) joined the upward trend, gaining a more modest

RIP Altcoin Seasons? Crypto Analyst Debates Whether They’ll Ever Return

In an analysis shared on X, crypto analyst Astronomer (@astronomer_zero) delves into the question that’s been looming over the crypto community in recents months: “Will we never have a

Bitcoin threatens breakout as US employment falls to 4.1%, jobs surge

US Non-Farm Payrolls increased by 254,000 in September, affecting Bitcoin prices The Department of Labor reported an addition of 254,000 jobs, surpassing the consensus estimate of 140,000 The

Spot ETH and BTC ETFs Hit by Withdrawals, Losing $54.13M and $3.2M Respectively

The latest figures reveal that 12 US spot bitcoin exchange-traded funds (ETFs) faced $5413 million in net outflows on Thursday Similarly, nine spot ether ETFs weren’t spared, as they saw $32