Loom Network Is Bringing DeFi to Tron, Binance Chains
Dai will first join tron and then binance chain, the blockchain hosted by crypto exchange Binance.
TRON is a blockchain operating system/platform for decentralised apps and was founded in Singapore by TRON CEO, Justin Sun. It originally sought to target the entertainment industry but has since evolved to cover the whole dapp market. The main idea is to enable content producers to sell direct to consumer rather than using third party app stores or other apps. The creator also owns all data in relation to their content. The plan is to evolve over 4 stages – exodus, odyssey, great voyage and Apollo with this idea to graduate from a free peer to peer platform to TRON tokens being issued by content producers. The currency is known as TRX and cannot be mined. The TRON mainnet was launched in June of 2018, however it raised $70m of funding through an ICO in the fall of 2017.Blockchain 101
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