Cryptocurrency, Featured

The Partnership Tron Secured With Baidu Is Not A Real One, Says Experts

The recent tweet by Tron founder Justin Sun, the Tron partnership has secured with Baidu but experts think that it is not a real one. This time, the well-known coin is mentioned an unnamed firm worth tens of billions of dollars. As soon as this announcement was published, the complete crypto community started presuming regarding the company’s identity. While still not confirmed, a lot of them have seen certain that the mysterious giant is none other than Baidu, one of China’s largest IT firms.

Tron is a customer of Baidu Cloud that recompenses the China-based Internet corporation to use its cloud computing infrastructure. Hence, it is not suitable for Tron to claim that it has secured a formal partnership with Baidu. The confirmation came in a post that explained that Tron and Baidu are joining forces in order to work on a huge cloud service with the ultimate goal of offering better blockchain solutions. This is one of Tron’s major steps on the road of accomplishing mass adoption of blockchain yet.

Cryptocurrency analyst Boxmining further emphasized that Tron partnership joining forces with internet service giant Baidu remains unreal as Baidu operates its own blockchain network called Xuperchain and as such, it does not have a strong motivation to rely on the blockchain protocol of external projects.

As per the news published in CCN, the Tron Foundation did not officially announce its “partnership” with Baidu. But, Justin Sun, the founder and CEO of Tron, wrote to the investors of Tron that for the first time in the company’s history, it partnered with a business giant.

However, despite the complete disappointment with the announcement of Tron partnership with Baidu, it is clear that Tron is still making big steps forward. As per News BTC, this really means that Tron’s price is not going to flash a new instruction run, as depositors hoped. Tron is still trading in the green, with a 2.18 percent growth in the last 24 hours. Its present price is at $0.024661 per coin, and it is the 11th largest cryptocurrency by market cap seems to be comparatively unchanging.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Janhvi has been working as a content writer/editor for many years. With her interpersonal skills, she has the ability to generate content in a clear and precise manner. She is currently writing cryptocurrency news stories for OWLT Market.

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