TRON Network has announced a strategic partnership with Band Protocol to bring secure and verified decentralized oracles to power its rapidly growing DeFi and decentralized application space. Both teams have joined forces to solve the blockchain scalability issue and bring customizable and decentralized oracles for all TRON developers as well as various leading DApps in the TRON ecosystem, one of the largest blockchain-based operating systems in the world.
Band Protocol is the first oracle solution integrated into the TRON public blockchain.
As part of the strategic partnership, the TRON Foundation is already working closely with Band Protocol to integrate and secure all TRON applications covering enterprise, government DeFi, betting, games, RNG and more that process millions of dollars in value. The first Band Protocol DApp integration is with JUST, leading stablecoin protocol on TRON, to secure over $30M in collateral.
The TRON public chain is considered to be one of the most secure and operationally efficient public chain systems in the blockchain industry and trusted by an extensive ecosystem of major partners such as Samsung, Opera, enterprise and government departments. The decentralized network is operated by over 925+ unique and active nodes in which creation and storage of data does not rely on a particular individual or organization
The strategic partnership with TRON will be extended into the long-term. Both teams will be playing a pivotal role in creating a secure standard for the treatment of oracles and data in decentralized applications to ensure the highest level of security guarantee with usability to bring the industry closer to mass adoption.
Founded in September 2017 by Justin Sun, TRON has delivered a series of achievements, including MainNet launch on May 2018, network independence on June 2018, and TRON Virtual Machine launch on August 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting approximately 100M monthly active users.