Justin Sun Unveils Tron DAO’s Roadmap for Bitcoin Layer-2 Solution
The TRON DAO, a decentralized autonomous organization governing the TRON network with over 210 million user accounts, has disclosed its plans for an innovative Bitcoin Layer-2 solution, as shared by Tron founder Justin Sun in a tweet on Thursday.
Justin Sun expressed the belief that this solution will revolutionize blockchain interoperability and the utilization of stablecoins within the Bitcoin ecosystem, aiming to bring back a sense of fun to Bitcoin. Justin Sun outlined the protocol’s ambitious roadmap, emphasizing its goal to inject funds into the BTC network, enhancing scalability, speed, and security.
Furthermore, TRON aims to foster seamless interactions and interoperability between its network and the Bitcoin blockchain by integrating tokens. In a three-phased approach, Sun highlighted TRON’s commitment to advancing blockchain interoperability and utility. The first phase involves integrating various TRON network tokens, including TRX, SUN, JST, BTT, WIN, NFT, USDT, and USDC, with the Bitcoin blockchain using cross-chain technology.
The second stage of TRON’s roadmap includes strategic collaborations with diverse Bitcoin Layer-2 protocols to boost the growth of the ecosystem and enable TRON users to participate in restaking programs on Bitcoin Layer 2 networks. Finally, the third stage aims to create a Bitcoin Layer-2 solution integrating TRON, BTTC, and BTC.
TRON’s solution seeks to combine the advantages of low fees and fast transactions from Proof-of-Stake (PoS) systems with the security features of Proof-of-Work (PoW) and unspent transaction output (UXTO) models. The ultimate goal is to enhance the performance of the Bitcoin network while maintaining robust security.
Additionally, TRON DAO is developing a wallet and tools compatible with BRC-20 tokens, contributing to the Ordinals and Bitcoin Layer-2 solutions. The resurgence of Ordinals, introducing decentralized finance (DeFi) and non-fungible tokens (NFTs) to Bitcoin, has generated both praise and criticism within the community due to increased transaction fees and network congestion, leading some critics to label it as a scam.
