- Speculations run wild regarding TRX and ChainLink partnership
- ChainLink is a smart contracts solution company
- TRX sits at 10th position on CoinMarketCap trading at $0.022
TRON (TRX) might be brewing a surprise for its community as rumors are running wild in the cryptospace that the blockchain project might announce an official partnership with smart contracts solution firm ChainLink.
When it comes to business and strategic partnerships, TRON is one of the very best out there. Partnerships are fairly common in the nascent cryptocurrency industry where companies don’t shy away from coming together to tackle a common problem.
No Official Word Yet
According to Twitter account LINK News Oracle, TRON might enter into a new partnership, this time involving smart contracts solution provider ChainLink.
Still unconfirmed but possible @Tronfoundation + @chainlink partnership being announced tomorrow. This email was supposedly sent by the $TRX foundation.#Chainlink can trigger #SmartContracts on any #Blockchain.
— LINK News Oracle (@LINKNewsOracle) March 12, 2019
It’s worth highlighting that this alleged partnership is nothing more than rumors at the moment. Blockchain Reporter will publish a separate article as soon as an official word comes from either company regarding the unconfirmed partnership.
As is the case with anything on the internet, the buzz surrounding the potential partnership quickly spread through other social media websites.
A Reddit user with the name /u/LongDong699 asked the subscribers of subreddit r/Tronix to “be on the lookout” for the official announcement of the aforementioned speculation at 8 AM Pacific Standard Time (PST) on March 13, 2019.
As to what benefits ChainLink could bring to TRON ecosystem, a Reddit user by the name /u/silentnow stated:
“Chainlink is an Oracle solution that allows a safe and secure stream of data onto smart contracts. If any smart contract on the TRON network wants to utilize outside data like connecting to a pre-existing legacy system, or connect with data on another blockchain, it can now do that thanks to chainlink oracles. This will be beneficial to TRON’s ecosystem and allow for a wider variety of applications to be built on top of it while still maintaining a level of security that is guaranteed by smart contracts.”
Blockchain Reporter would like to stress again that as yet, no official word has come out regarding this partnership.
Recent Developments in the TRX Ecosystem
TRON had inarguably the strongest start in 2019 compared to its rivals such as Ethereum and EOS.
As reported by Blockchain Reporter on March 11, 2019, TRON has surpassed the combined volume of daily transactions of Ethereum and EOS by almost 27 million transactions.
At press time, TRX trades at $0.022 with a market cap of $1.492 billion.