What if Ethereum Integrates With TRON, Others?
A platform is seeking to integrate Ethereum with other top public blockchains like TRON but no one knows to what end it would be.
Loom Network says it’s working to release interoperability for TRON and EOS into a shared Ethereum sidechain that supports top 100 Ethereum-based ERC 20 tokens including six stablecoins.
The planned launch of the platform may not gain traction as there has not been much demand for an integration in the past 10 years since crypto’s inception. However, the CTO of IOST blockchain says such a conjunction could be positive.
Terry Wang notes via email that integrating the multiple consensus mechanisms and varying network performances of blockchains today will take time. He adds that some projects have already started to build tools and platforms to make integrating different mainnet ecosystems and blockchain interoperability a reality. Wang states:
“Blockchain interoperability will remove the need for intermediaries, enabling new protocols like IOST to freely exchange digital assets and arbitrary data. An interoperable blockchain solution will allow users to access a greater number of decentralized apps (DApps) and therefore offer more seamless and valuable user experiences. It will also allow DApp developers to save on mainnet migration costs and lower the barriers to adoption.”
The move was prompted by the view that there’re now more dApp developers on both EOS and TRON and the number of users using EOS and Tron dApps is increasing, James Duffy, a co-founder at Loom Network explains. He adds that despite the philosophical differences around consensus algorithms, blockchain governance or other reasons, the bottom line is:
“…dApp developers want the maximum number of users possible using their DApps and spending money on their services— and they’re going to gravitate toward whichever platform offers that.”
The integration would enable Ethereum, TRON and other chain’s dApps to interact seamlessly like they were native of each platforms. End users with no technical knowledge of blockchain may care less about the platform producing the service they use in the adoption phase since their priority is mainly on ease of use. Technically, dApp developers may like it for providing wider access to their applications but the integrated platforms may not as they have excelled in part by acting as a stand-alone so far.
The planned integration begs the question of whether it will not solidify Ethereum’s strength since it has the largest number of developers building on it while reducing TRON and others’. Or it could be an opportunity for developers to start seeing other chains aside Ethereum’s as promising. It could lead to a competition for developers to choose what works best for their stakeholders’ use cases based on considered strength and weaknesses of the platforms.
It is worth noting that Ethereum and EOS seems to have started cooperating in the direction of a decentralised DNS system. EOSNS decentralised DNS was introduced this week and it’s just like Ethereum’s ENS.