As TRON Moves To Native Blockchain With Odyssey 2.0, TRX Price Falls
TRON Begins Transition To Native Blockchain With Odyssey 2.0
TRON (TRX) one of the largest cryptocurrencies in the market, has started to move from the Ethereum blockchain to a public blockchain that has been produced and developed by the TRON Foundation and interested developers from all around the world.
The information has been released by Justin Sun, CEO and founder of TRON Foundation, in a blog post on May the 31st. He explained that the development for TRON Mainnet, Odyssey 2.0 was complete and that all materials were submitted to Github. Since yesterday, the TRON community is able to download and run TRON’s official mainnet Odyssey 2.0 on the TRON Github page.
TRON has been facing some challenges so as to launch its mainnet. The truth is that TRON has been helped by Ethereum to achieve its fundraising acquisitions and the proliferation of its platform. But the fact around it is that Ethereum had different issues that were not helping the TRON’s network to spread – indeed this was one of the main reasons that pushed TRON to move to a new public blockchain.
TRON described Ethereum as ‘an authoritarian system’ that is ‘dominated by the foundation and develop team.’ They are clearly talking about Vitalik Buterin, Ethereum’s co-founder.
It is important to mention that TRON was able to develop a platform and release it in just three months. Additionally, the network has been growing almost exponentially. In less than a year, it was able to expand from less than 20 participants, to a global community of more than 200 individuals helping developing the platform.
The platform was able to accomplish:
- 2,513 Commits
- 547 Merged Forks
- 15 Software Iterations
- 102 New Features
- 384 Unit Tests
- 461 Function Tests
During June, Odyssey 2.0 will be tested and the transition will formally take place on June the 25th. Once everything is complete, the network will start operating independently as a blockchain entity.
At the moment of writing this article, TRON is the 10th virtual currency by market capitalization and it has a market cap of $3.82 billion dollars. Additionally, TRON is the top ten currency with the biggest lost in 24 hours (-4,65%).