Tron has captured the attention of various crypto traders since its major surge back in January. Despite market correction, Tron appears to be positioning itself for even more gains as platform releases become finalized. In fact, those gains may be right around the corner. In a recent Tweet, Tron founder Justin Sun announced the main net launch will be brought forward from its original date of July 1st to May 31st.
Tron in a Nutshell
To put it briefly, Tron is a decentralized platform that aims to revolutionize the entertainment industry by allowing users to publish and store data. Content creators receive compensation according to the type of content published and its popularity. Visitors also have the ability to enjoy platform benefits. Tron’s goal is to develop a decentralized content distribution platform.
Currently, Tron’s technology is based on Ethereum. Its cryptocurrency is Tronix (TRX), though the platform does allow other coins such as Bitcoin and Quantum.
What the main net means for Tron
The release of Tron’s main net is a big deal for a number of reasons. Perhaps most importantly, when the main net is finally launched, Tron will run on its own blockchain instead of Ethereum, which will allow the Tron network to expand significantly. In an exclusive interview featured on Tron Labs’ blog, Tron CTO Lucien Chen shared details about the Tron team’s vision to mold Tron into a completed ecosystem. He expanded on Tron’s architecture, which includes a storage layer, core layer, and application layer.
Here are the main takeaways of the interview:
- Tron’s team designed a distributed storage protocol consisting of block storage and state storage.
- Smart contracts written in Java will be supported on the main net, with support of other advanced languages to be added in the future.
- Tron is adopting a refined POS consensus to achieve a higher number of transactions per second (TPS). Additionally, Tron anticipates low transaction fees.
- To protect user anonymity, Tron plans to add anonymous protocols.
- Tron will use TRX to encourage developers to partake in expanding and improving Tron’s main network.
Chen also emphasized that the team’s main goal is to provide the best platform available by perfecting Tron’s core features rather than work on versatility. While the launch of the main net has been moved to May 31st, the date of the test net is still set for March 31st.
Tron moving forward
Tron peaked back in January when it reached a high of $0.30 and was in 6th place in the market capacity charts. Although the price has fallen significantly since then, many expect that the main net release will put Tron back in the game, as it will show the crypto world what it is truly capable of achieving. Tron has already started to climb back up after recently being listed on the Bittrex Exchange as well as Upbit, the largest cryptocurrency exchange in Korea.
In addition, Tron has recently announced various new partnerships. These partnerships, coupled with the team’s progress on the main net launch, give confidence that the best of Tron is yet to come.
