TRON Announces Partnership with Baidu
TRON Foundation recently tweeted that the name of its latest partner—which has been a secret for days—is the Chinese multinational Baidu.
#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX pic.twitter.com/v39Zm7zMc4
— TRON Foundation (@Tronfoundation) October 18, 2018
The partnership is quite similar to that of QTUM and Amazon—Blockchain as a Service (BaaS)—wherein Baidu, China’s largest internet search provider, would provide cloud computing resources to TRON Foundation.
Also Read: TRON Foundation Makes Major Announcements
While it doesn’t seem like as big a deal as TRON Foundation and Justin Sun hyped it to be on Twitter, it is certainly a step in the right direction for the cryptocurrency. At the time of writing this article, TRX was trading at 0.024932 USD—an increase of 3.84 percent in the last 24 hours.
The community is quite a rapidly growing one for the cryptocurrency. With some really great projects on the network, the cryptocurrency is expected to show a great deal of growth in the future.
One of the most talked-about projects on the network, TronWatch Market, recently updated users about what the team has been up to ever since it hit the soft cap in a recent Medium blog:
“As planned, we started development of TronWatch Market the day after reaching softcap. This article is a short update of what we’ve been up to in the last 12 days, and the plans for the next couple of weeks.
The first few days were spent on designing the architecture and individual components of our exchange. The following days were spent implementing basic versions for each of them.”
The first update was about Smart Contracts. Here’s how the update went:
“The most important aspect of the exchange; smart contracts manage users’ funds and facilitate trading. We are aiming to implement the smart contracts as early as possible so to allow adequate time for testing, reviews, and a code audit. The contracts for trading TRX20 tokens have been implemented, and are feature complete.
Next steps include thorough testing and optimizing energy usage to ensure interacting with the exchange is as cheap as possible, without sacrificing security. Additionally we need to add support for TXR10 tokens including the ability to purchase a discount on trading fees with TronWatchMarket tokens, support TRX20 base pairs, and create the Listing Manager and DAO contracts.”
Moving on to the Web Interface, the team said:
“To help provide our users with a positive and reliable user experience, we have a big focus on the web interface of the DEX. We have taken influence from many of the most popular exchanges on the web and have been working on improving our design to meet both community needs and functionality.
Like with our other projects we’ve decided to use React to build the frontend. React allows us to efficiently produce the frontend while keeping a maintainable codebase. It’s important that we have proper data flows and maintain concise development patterns so that the community are able to build on the frontend. TronWatch Market uses its own bootstrapping system to build the application on the first run, also loading in the appropriate localisation data and token information.”
The team then updated everyone about what it had done in Backend:
“The backend of our exchange is there to offer a fast api for the information that is off-chain, and events that can’t be queried efficiently using TRON nodes. We have split it into three main components. During the last week we developed early versions for all of them, that are now ready for integration with the frontend.”
The rest of the blog talked about the updates on API, Events, Balances and about what the team intends to do next.