Huawei Cloud announces support for TRON Blockchain

Huawei Cloud has announced that it now supports more than eight public chain networks, bringing them to the mainstream market. This includes the Tron blockchain, along with Polygon and Ethereum. Together, Huawei Cloud attempts to bring down the development cost, increase node income by approximately 10%, and node online reliability by 99.95%.

H.E. Justin Sun has reposted the announcement on X, expressing his excitement with the development by saying that they are pleased to see a partnership being cultivated between Huawei and Tron.

Huawei Cloud has introduced NES, an acronym for Node Engine Service. The console enables developers to run full and staking nodes for higher performance and efficiency and roll out rewards without having to work on the infrastructure. What NES does well is abstracting complexities for dApp developers and network validators. Hence, it paves the way for a seamless experience.

The advantages of NES extend to saving time and money, maximizing rewards, boosting reliability and node availability, and leveraging the full potential of DVT, which is Distributed Validator Technology.

NES comes with three applicable scenarios:

  • Public Chain Interconnection
  • Ethereum Validator Operations
  • Layer 2 dApp Development

Public Chain Interconnection entails the functionalities of a crypto wallet. Features highlighted are faster response, user-friendliness, and support for related services, including, but not limited to full node and specifics: 8 vCPU and 32 GiB memory/16.

Ethereum Validator Operations is ideal for operators at individual and organizational levels. It offers worry-free hosting, distribution verification, a dual-engine drive, and other related services: Ethereum as a network type and full node as a node type.

The interconnection of well-known blockchains, widespread post-development deployment, and cost-effectiveness support L2 dApp development.

As fancy as it sounds, the announcement has done little for the native token of the Tron blockchain. TRON was last seen exchanging hands at $0.1082. The value on the board is down by 0.93% in the last 24 hours. Keeping sentiments optimistic is the increase in the last 7 days and 30 days by 1.07% and 6.85%, respectively. The market cap has plummeted by 0.95% despite the rise of 18.39% in its 24-hour volume.

The Tron community has responded positively to the development. Members have called it a significant step in the direction of embracing innovation in the blockchain sphere.

The assumption is defendable on the grounds that NES supports a wide range of functions. They include, among other things, efficient validator interconnection, rapid creation, and support for multiple protocols.

The development occurred days after Huawei Cloud announced its market share of 28.1% in the Chinese region, which placed it at the top of the IDC Report.

As for Tron Network, it has been through its fair share of developments in recent days. The native token earned its listing on Brazil’s crypto exchange platform, surpassed the milestone of 204 million in user accounts, and TVL surged by roughly 43% in the second half of the last year, 2023.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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