Altcoins News
By Steven Anderson
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Ethereum Should Move to TRON
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In The Great Bay Area International Blockchain Week hosted by Cointelegraph China and Cointelegraph, Justin Sun, TRON CEO’s remote speech was about “How to become the winner of…
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Sydney Ifergan, the crypto expert tweeted: “Defi might prove rocking success for TRON. Let’s wait to see the stats soon.”
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When asked: TRON recently launched 3 products that relate to DeFi space, and why is it important for you to tap in to this field. What is your vision?
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Justin Sun replied: " I definitely believe DeFi is one of the most important trend in our industry. The reason is very simple.
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For example, we can do decentralized lending. You can get a stable coin. The same time you can do yield farming by decentralized way that I think is the most…
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Instead of, today if you are looking at lending, you need to get a broker to evaluate the assets for you and at the same time you need to have a sub party to get money and then…
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But all of these in the DeFi takes only 15 minutes, and all of these happens 24/7. So, that is why I believe these kinds of concepts is very interesting.
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And, also at the same time, I think this is one of the best chance for TRON, because you can see these days, DeFi is very popular on Ethereum, but the biggest obstacle for…
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Recently, it takes you even more than a 100 dollars. Sometimes it is even like 150 dollars to complete a transaction and it takes a very long time to process all the transactions…
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So, that is why I believe since TRON offers instant and almost free transactions, it is definitely going to be for the next wave of the DeFi.
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So, that is why we encourage lots of developers on TRON to develop lot of DeFi products.
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