Tron Set to Launch Main Net Earlier than Expected

March 2, 2018

4 min

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.
Justin Sun tweet

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.
Tron Net
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.
Tron price
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.

What should you learn next? Turn the wheel to find out!

rainbow circle

Top-Performing Pharma Stocks of 2021

share

previous post

The 2024 US Election: How Will the Markets React?
US election impact on markets
The 2024 US Election: How Will the Markets React?

next post

Who Controls Bitcoin?
Who Controls Bitcoin?

Latest posts

The 2024 US Election: How Will the Markets React?

31.10.2024

US election impact on markets

Breaking a Losing Streak

29.10.2024

How to Trade Commodities on IQ Option: A 360° Guide

14.10.2024

Trading commodities on IQ Option

The US Presidential Race 2024 Market Influence: What You Need to Know Now

11.10.2024

Top TV Series and Reality Shows about Trading

07.10.2024

Top TV shows about trading

Short Selling: How to Trade Forex in a Downward Market

30.09.2024