TRON (TRX) Teams Up with Fears Off to Fortify Blockchain Security
- TRON (TRX) has partnered with a leading cybersecurity firm, Fears Off to enhance its cybersecurity system.
- This collaboration and the integration of LayerZero strongly hold TRON’s position in the cryptocurrency space.
Tron (TRX) has joined forces with Fears Off, a leading cybersecurity auditing firm based in Dubai in a strategic plan to improve its cybersecurity system. Fears Off are renowned worldwide for its aristocratic group of hackers and its proficiency in helping major crypto exchanges and blockchain networks worldwide secure their digital assets.
This collaboration will be used to enhance the already tight security in the Tron blockchain. Fears Off group of expertise and modern tools will be a great asset to the Tron blockchain. Marwan Hachem, Chief Operating Officer at FearsOff, expressed great joy in this collaboration stating:
We’re delighted to collaborate with TRON and honored to play a pivotal role in strengthening the cyber resilience of the #1 blockchain by monthly active users and USDT settlements. This proactive collaboration enables us to build a safe Web3 ecosystem.
The well-placed collaboration portrays Tron’s dedication to ensuring a secure, transparent blockchain. This collaboration makes sure the TRON blockchain remains secure while at the same time holding its 16th ranking position with a market cap of $9.69B.
Since the launch of the TRON blockchain in 2017 by the renowned Justin Sun, The blockchain has hit major milestones in a sole search for decentralizing the internet through blockchain technology. Among the major milestones hit by TRON was back in mid-2018 after the launch of its mainnet and the integration of BitTorrent in July 2018.
As of May 2024, TRON is home to over 231.9 million total user accounts, more than 7.69 billion total transactions, and over $21.94 billion in total value locked (TVL).
Additionally, Since April 2021, TRON (TRX) has been housing the largest circulating supply of USD Tether (USDT) stablecoin, surpassing USDT on Ethereum.
It is also noteworthy that TRON (TRX) gained full decentralization in Dec 2021 after transitioning to a community-governed DAO.
In October 2022, Tron was named the national blockchain for the Commonwealth of Dominica. This instance marked the first major public blockchain collaboration with a sovereign country.
In making sure that TRON offers efficiency to its users, in a recent development, TRON announced the integration of LayerZero, a cross-chain interoperability protocol, into the TRON blockchain. This major milestone positioned TRON as the second non-EVM chain to join LayerZero’s network.
This incorporation will see its developers expand their applications with easy access in across over 70 other supported networks. The integration will further enable developers to expand their reach considering that TRON is working effortlessly to surpass the nearly 1.8 million daily active users.
For now, this collaboration between TRON and FearsOff marks a stepping stone that will strengthen the TRON blockchain. However, in the wake of the news, this had little effect on TRX which is trading for $0.1122 after a marginal change in the last 24 hours.
