Justin Sun Launches the Tron Virtual Machine (TVM)
On 30th July, through the ‘Blockchain the Global Ecosystem’ Livestream, Justin Sun, the Founder of Tron Foundation, spoke about the Tron Virtual Machine and gave an update on the existing tasks. On 30th August, Tron Foundation will complete the launch of the official version of TVM and in addition complete the MainNet update. The Tron Virtual Machine [TVM] has been launched, and in the next months, it’ll be tested by all of the Tron community members.
The Tron Virtual Machine is totally appropriate for Ethereum but is quicker and less expensive. The ecosystem like the development equipment and the developing group will eventually bring in regards to a better and user-friendly digital machine with higher overall performance. The beta version will likely be more stable, better and built with optimized compile and instruction set.
Tron provides a sandbox because of its global community to check the virtual machine and discover bugs. After this, all of the Super Representatives will update this program of the Tron Virtual Machine right into a new version. Predicated on the opinions, Tron would initiate a voting campaign among the Super Representatives while adjusting the beta version.
The Tron MainNet has been running smoothly and the block height has reached 1,005,756 with over 74,112 addresses. The peak number of single day transactions is 49,518 and the global nodes at present are 362. There are more than 40 exchanges which have completed the migration from ERC20 tokens to Tron TRX without any financial loss incurred by the users. This includes top exchanges such as Binance, Bittrex, Bitfinex, Upbit, Huobi and OKEx.
Moreover, the foundation has burned over 92,424,664,154 ERC20 tokens, i.e, more than 92% of the total tokens before the completion of the migration. The remaining tokens will still be valid on exchanges like Binance and Gate.io.
Justin Sun said that the launch of TRX contracts on BitMEX and the new credit card choice for TRX purchase on Changelly implies that the marketplace potential of TRX has been ‘further acknowledged’. He further spoke about Tron’s collaboration with Pornhub and stated that it’ll provide a ‘more extensive application situation’ for the Tron technologies. The support of Ledger and Freewallet would offer a better user encounter to the TX holders.
The Founder of Tron Foundation also spoke about Tron’s acquisition of BitTorrent, a respected P2P player in the market. The acquisition would allow Tron and BitTorrent to be the biggest decentralization ecosystem in the globe. He stated that BitTorrent supplies the top-notch downloading services for a lot more than 1 billion users across 168 countries.