Justin Sun Elaborates on the Importance of Multi-Signature Features Before the Tron Hard Fork
Tron (TRX) has been in the eyes of the community lately as the company is preparing a huge update: a hard work, which will see Tron receiving many new features. In order to prepare the field for the upgrade and to communicate with the community, the founder of the Tron Foundation, Justin Sun, has participated in a Ask Me Anything (AMA) session that was hosted recently by Binance.
Justin Sun Talks About the Upgrade
After talking about BitTorrent, Sun moved to tell the world more about the hard fork, which is set to happen today, on February 28. The upgrade will be called Odyssey 3.5. According to Sun, this is the most significant update since December, as all the previous ones were mostly to set up space for this one, which will see a major improvement in the performance of the services being offered by Tron.
A new important feature will be added during the upgrade to Odyssey 3.5: a multi-sig and account management feature. According to the creator of the network, this will be an important solution aimed at institutions and it will count with dynamic energy adjustment to real-time network performance.
Sun says that the improvements can reach 50% with the upgrade and that dapp developer and users will notice the difference. He also took some time in order to explain better all the features that would help new investors who are interested in using Tron.
The multi-signature feature, as affirmed by Justin Sun, will be essential to high net worth investors because they generally use large institutions in order to manage their funds and they have several employees.
With this feature, it can be easier to compartmentalize the management of the assets. This, Sun expects, will bring in more institutional investors to the table. They are important because they have high sums of money that can bring a lot of value to the network. According to Sun, some hedge funds already asked for this feature in order to invest in Tron.
About Tron (TRX)
Tron is currently the ninth largest cryptocurrency by market cap. Tron is important crypto in the market which is centered around the figure of Justin Sun, the creator of the Tron Foundation. He is a very high-profile executive which has studied under Jack Ma, the founder of Alibaba. This has obviously caused some debate on its decentralization.
The network is run by Super Representatives, which were elected in order to run the TRX community (Justin Sun is one of them). The services of Tron are focused on being a platform for the development of decentralized apps just like Ethereum is. The company has been on the rise since last year when it launched its mainnet.