3 days to go for Tron (TRX) Virtual Machine launch: What you need to know
The launch of Tron Virtual Machine (TVM) is a big project that all Tron users have been waiting for. As the launch gets closer, Tron aims to make its network scalable and efficient.
Tron is a decentralized network that aims to create a decentralized world. It has also attracted lots of big companies all over the world today and achieved much success. Additionally, Tron has been consistent and has launched many projects in due time.
We already know that Tron’s TestNet was launched on the 31st of March this year. The blockchain firm also launched its MainNet two months later. The two projects have propelled Tron to greatness and led to its mass adoption so far. Not only have these led to a serious mass adoption, they positively affected its market value during recent times.
Tron has created its own Virtual Machine, but it is still in its testing phase. The main version will be officially launched on August 30th, 2018. Meanwhile, as the date draws nearer, Tron has also decided to upgrade its MainNet for better reliability. Justin Sun, in an open letter, explained all that’s there to know on the company’s recent actions.
Tron Virtual Machine (TVM)
Tron Virtual Machine (TVM) is a custom-built blockchain network that will make Tron very scalable and proficient. The test version was launched on June 25, and the digital asset had a high number of transaction on July 30 – more than a million. At that period, the number of daily transaction grew to 49,518 daily, according to an announcement made by Justin Sun.
Sun also stated during the announcement that TVM will be congruent with Ethereum VM for Ethereum Dapps developers. He further confirmed that after the launch of TVM, Tron will attain a high transaction speed – 4x greater than that of Ethereum. As said earlier, TVM will be a big feat for Tron users due to the fact that Tron will be more scalable and efficient.
Additionally, the concept of bandwidth will also be used on TVM; there will be no charges on daily transactions performed by Tron users.
Lucein Chen, the CTO of Tron Foundation, made it known regarding the launching of TVM that it will have 3 developmental tools: Development, Engine, and Third-party. Once the main version of TVM is launched in a few days’ time, these developmental tools will be useful to create Dapps (decentralized apps).
🔥#TRON virtual machine launch event. 📡Blockchain the global ecosystem, #TRON to the future. 📹Please wait for the live stream on 9:30am, August 30 (SGT), there will also be a lottery draw, see you there. 👇#TRX $TRX https://t.co/q553J2pHjW
— Justin Sun (@justinsuntron) August 27, 2018
According to Justin sun, there will be a live coverage of the TVM launch on August 30th and there will also be a lottery draw for all Tron users a the very same day.
It is important to know that after the launch of TVM, Tron users are anticipating to see new projects centered on Tron’s network. Also, if there are more activities on Tron’s network, it is likely that the value of TRX will increase. Indeed, lots of Tron users are also hopeful that the launch of TVM and other upcoming projects will increase the value of TRX.
With the launch of TVM and the upgrade of Tron MainNet, we hope to see a positive change in the value of TRX in the coming weeks.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.
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