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RE: Interview with @andrarchy about TRON and OpenLink.

in Threespeak9 months ago

Why did he say a "Tron-based 'steemit' token" and not a Tron-based STEEM token? I'm beginning to wonder if we're going to see a completely separate asset from STEEM emerge that will actually compete with STEEM...

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I was imagining something more like an SMT designed specifically to be the currency of steemit.com. Tron could then host a "sister" currency on the Tron blockchain, and with cross-chain atomic swaps, a user would be able to exchange their Tron-based token for their Steem-based SMT and vice versa. Cross-chain atomic swaps would enable an infinite variety of such token exchanges. The Steem token would remain the base currency of the Steem blockchain which would mean that the more tokens, and the more token exchanges, that are happening the better it is for STEEM. Cross-chain atomic swaps enable capital to flow more easily from Tron into Steem, which is a good thing for the Steem Economy.

I was imagining something more like an SMT designed specifically to be the currency of steemit.com. Tron could then host a "sister" currency on the Tron blockchain, and with cross-chain atomic swaps, a user would be able to exchange their Tron-based token for their Steem-based SMT and vice versa. Cross-chain atomic swaps would enable an infinite variety of such token exchanges. The Steem token would remain the base currency of the Steem blockchain which would mean that the more tokens, and the more token exchanges, that are happening the better it is for STEEM.

This would be a great. This is the sort of information that gets us relaxed to see a future with this partnership. Thanks for explaining.

Posted via Steemleo

Okay, thank you for clarity.

I have no doubt that this is what will happen.

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