Blockchain Intelligence platform Arkham Enables Support for Tron Network June 27, 2023 June 27, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJune 27, 2023 by Kelly Cromley

Blockchain Intelligence platform Arkham Enables Support for Tron Network

The TRON DAO has announced that Arkham, the leading blockchain intelligence platform, has initiated its support for the TRON blockchain. Arkham facilitates the administration of the blockchain by providing users with information pertaining to individuals and businesses involved in cryptocurrency transactions. The integration of Arkham’s services with the TRON blockchain will enable merchants and researchers to track entities on the TRON network by utilizing its AI-powered analytics engine.

TRON has emerged as the global leader in blockchain technology, boasting the highest number of active addresses, with an average of over 2 million per day this month, surpassing Ethereum and Bitcoin. It also holds the second-largest position in terms of secured value. The collaboration between TRON and Arkham represents a significant milestone in Arkham’s worldwide blockchain coverage.

A spokesperson from the TRON DAO expressed their excitement regarding the collaboration, affirming that it aligns perfectly with their principles and presents a significant opportunity for numerous users to enhance their comprehension of blockchain technology. The implementation of Arkham’s advanced analytics engine facilitates a more comprehensive understanding of the TRON blockchain, thereby empowering merchants and researchers to effectively map network entities. TRON and Arkham have joined forces with the aim of transforming the perception and application of blockchain technology.

Miguel Morel, the CEO and founder of Arkham, expressed his satisfaction with TRON’s partnership as they initiated the integration of the TRON blockchain into their platform. The speaker recognized TRON’s exceptional achievements, particularly in the Asian market, which aligns with Arkham’s objective of broadening its reach in the region.

The TRON DAO is a decentralized autonomous organization governed by the community. Its primary objective is to expedite the decentralization of the Internet through the use of blockchain technology and decentralized applications (dApps). The TRON network, established by HE Justin Sun in September 2017, has achieved several significant milestones since its mainnet debut in May 2018. In July 2018, the TRON ecosystem successfully integrated BitTorrent, a prominent player in decentralized Web 3 services, boasting over 100 million monthly active users. As of June 2023, the blockchain platform TRONSCAN has recorded more than 168.8 million user accounts, over 5.97 billion transactions, and a total value locked (TVL) of over $12.49 billion.

Since April 2021, TRON has exceeded Ethereum in having the largest circulating supply of the USD Tether (USDT) stablecoin. In December 2021, the TRON network achieved full decentralization and underwent a transition to a DAO governed by the community. In October 2022, the Commonwealth of Dominica made an important decision to designate TRON as its national blockchain. This marks a significant milestone as it represents the first collaboration between a major public blockchain and a sovereign nation for the purpose of developing national blockchain infrastructure. The collaboration also encompassed official backing from the government for the launch of Dominica Coin (“DMC”), a blockchain-based fan token aimed at enhancing worldwide fan participation with Dominica. Furthermore, the country has granted legal status to seven TRON-based tokens, namely TRX, BTT, NFT, JST, USDD, USDT, and TUSD, as authorized digital currencies and exchange mediums.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.