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Tron Foundation And Baidu To Collaborate In Cloud Computing

18:32 16/10/2018

Tron Foundation, a crypto platform, has entered into an agreement with Baidu, based on which the former will acquire cloud computing resources, cnLedger reports on Twitter with reference to Chinese media ODaily.


At the same time, none of the companies will participate in the blockchain development. Tron will create, manage and monitor blockchain products based on Baidu Cloud for their compatibility and optimization. In turn, Baidu will offer turnkey solutions to its partners in accordance with the blockchain commercial development plan.


Representatives of the Tron crypto community criticized Justin Sun, the founder and head of the platform, for the acquisition of computing resources from Baidu and failure to meet their expectations. They assumed that Tron Foundation would make a serious deal with another large company. The simple acquisition of resources, according to many representatives of the crypto community, cannot be called a full-fledged partnership.


According to CoinMarketCap, as of October 16, 15:10 (UTC), the TRON cryptocurrency is 11th with a market capitalization of $1.6 billion and is priced at $0.024. The daily trading volume amounted to $1113 million.


Source: CoinMarketCap


Earlier, Justin Sun announced that the decentralized Tron platform will start a new “Smart Contract Era” by launching the TRON Committee function and the TVM virtual machine, and the Odyssey 3.1 update will allow the TRON blockchain to work 200 times faster than Ethereum.

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