In the cryptocurrency and blockchain technology market there are thousands of technical projects.

It is good to see new cooperation and partnerships among them, each according to his specialization and the technology he owns, which in turn contribute to improving the work of these projects and improving the working environment of the blockchain technology in general.

The MakerDAO stablecoin “DAI” we have already talked about in this topic:

Learn about (Maker) project and (DAI) and (MKR) currencies

This currency “DAI” will be present to work on the Tron and Binance blockchain in the near future, through the Loom Network project, which is working to create and work on solutions at the level and second layer of the blockchain.

Read:Trading volumes on decentralized exchanges (DEX) hit an all-time low

Learn more about: What is the Loom Network project?

The coin “DAI”, which runs on the Ethereum blockchain with the ERC-20 protocol, is one of the largest cryptocurrencies in the field of DeFi (decentralized finance) with more than $337 million held in closed contracts.

The organizers of the Loom project believe that improving the work of the “DAI” currency and transferring its work to other blockchain networks would help this currency to grow more and improve with it decentralized finance in general.

Matthew Campbell, Co-Founder and CEO of Loom to source as follows:

With interchain asset transfers, we’re opening up some entirely new possibilities for things like DeFi.

With Maker being the clear leader in this space, it makes perfect sense to work as a team and make DAI coin work multi-string reality.

This will be a huge step forward in bringing more users and developers to DAI, and discovering what’s possible with assets operating on different networks. “

Thus, the “DAI” coin will join the Tron blockchain after a testing period, and work is underway to adapt the coin to the Bitcoin blockchain.

Read:Ripple CEO Explains Why Companies Are Turning to Bitcoin

Loom believes that moving the “DAI” currency to work on different and diverse networks will improve the fully decentralized finance system and will one day enable the “DAI” currency to be used by users to pay for services or for certain products without considering the application or network they are using.

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