The TRON community [TRX] may have to wait a little longer for the upcoming launch of the "secret project". After unveiling the beta TRON from the Virtual Machine (TVM) on Monday, founder Justin Sun was quite amazed at the secret project and said that more details will be announced next month.
So far, the first team building has been completed and a development plan for the project for the next three months has been put in place. He stopped shedding light on every other detail, which he said will be revealed by the end of next month.
The beta of [TRON #TVM was launched today! 15 GR have been replaced by #TRONSR . The height of the block has reached 1M +. 40+ exchanges completed the token migration to $ TRX . Project Atlas with @ BitTorrent will produce a great future for both! TRON to the future! https://t.co/XbSKoU2KP9 pic.twitter.com/3rHLK8r2qH
– Justin Sun (@justinsuntron) 30 July 2018
Previous speculations of the TRON community that the project could be related to the recent acquisition of BitTorrent could prove true. Justin Sun said the team was exploring the possibility of using the TRON protocol to improve the BitTorrent protocol, making it faster. TRON also plans to offer rewards to users who sow torrents on BitTorrent after downloading the files.
"I hope the integration of TRON and BitTorrent will allow both parties to work better as one in the future," said Sun, noting that BitTorrent will be the largest application on the TRON network.
See also: The acquisition of Post Tron, is the encryption of BitTorrent mining? The company answers
He believes this will allow the TRON network to overcome Ethereum in terms of daily transactions and eventually become the most influential public blockchain in the world.
He added that the project is not associated with mining projects, but will improve the current BitTorrent protocol and make it more competent.
Launch of the beta version of TVM
Regarding TVM, which was advertised as a game change for TRON, the beta version allows people to test the virtual machine before its official launch. On August 30th the MainNet update will be completed, after which the official version of TVM will be unveiled.
In addition, TRON will provide a sandbox that will allow users to test TVM and solve problems with the software. After the test, TRON will collect feedback, which will be followed by an election campaign between its Super Representatives. Once a consensus is reached, all Super Representatives will start updating the virtual machine.
See also: Tron's acquisition of BitTorrent promotes decentralization of the web
Justin Sun highlighted the fact that although the virtual machine is compatible with Ethereum, it is much faster and cheaper. He believes that the official version of TVM will be more stable, secure and user-friendly.
TRX / USD
The launch, however, failed to bring cheer into the encrypted market. Starting from 1132 GMT, TRX fell about 2% against the US dollar to trade at $ 0.036. The currency was trading 1.6 percent less than Bitcoin at 0.0000045 BTC.
Although virtual currency started the day in the bullish zone, it quickly sold off to selling pressures and is now trading in bearish territory.
The coin stumbled after reaching a daily maximum of $ 0.04, and continues to fall even lower. Currently, it is ranked as the eleventh most valuable cryptocurrency, with a market capitalization of $ 2.40 billion, according to CoinMarketCap.
Other related articles
- Tron is 80 times faster than Ethereum, states Justin Sun
- Post Tron & # 39; s acquisition, is BitTorrent's cryptography mining? The company responds
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