TROY, the global prime broker specialized in crypto trading and asset management announced its strategic partnership with IOST today. Together with Troy, IOST will conduct comprehensive cooperation in areas including technology study, development, mass adoption, and Decentralized Finance (DeFi).
IOST officially became the fourth member of the “Global Ecological Community Program” launched by TROY, which is designed to break the trading barriers of crypto assets and build a frictionless, integrated crypto asset trading ecosystem.
IOST is capable of operating high degrees of scalability and decentralization, delivering optimal performance for developers and enterprises, thanks to its unique PoB consensus mechanism. IOST shall work with TROY to develop layer 2 solutions that can drive DeFi innovation with high throughput capacity.
In this partnership, IOST will utilize its mature and advanced scaling technology to assist TROY in developing a scaling solution on Layer 2 off-line trading layer in TROY network. In return, TROY will provide IOST with multiple DeFi adoption scenarios, such as applications in the trading market and clearing and settlement.
About Troy Network
In Troy Network, the entire system architecture consists of four layers, including the public chain protocol layer, the off-chain trading layer, the settlement network layer and the application layer. In order to improve users’ trading experience and further enhance the privacy protection, Troy Network will deploy a public chain settlement protocol, which adopts Layer -2 scaling technologies as the foundation.
With its mature off-chain scaling technology, IOST will spare no efforts in assisting TROY to realize higher throughput and scalability, so that the latter can be able to offer better service to its customers with higher efficiency, enhanced security and better privacy protection.
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