Justin Sun Officially Releases Tron’s Virtual Machine (TVM) to the TRX Community

The Tron Foundation has just released the awaited Tron Virtual Machine (TVM). This is a very anticipated moment for the whole Tron community that is a landmark for the evolution of the network. The launch was broadcasted on 10:30 am (Japanese time) on August 30.

During the release, Justin Sun cited the word of the famous painter Vincent van Gogh on Weibo, the Chinese version of Twitter:

“It is not that you are wrong because you are not recognized by the world. Even if you do not understand its charm at this time, there will be time to be noticed someday. Your efforts will surely be rewarded”.

Justin Sun was born in the 1990s and has always been on the forefront of the blockchain technology to realize his vision of the world: a decentralized technology that is democratic and fair. According to him, Tron will become one of the world's leading virtual machines.

What Is The Tron Virtual Machine?

Basically, you can summarize a virtual machine as a software that is virtually created. This software is able to create a computer inside your computer. By using a virtual machine, you can perform the functions of a multiple number of computers with only one of them.

The virtual machine technology is very important because the users can operate software on any circumstances on the environment. You can still use the computer even if you log to a site to watch a movie or if a malware freezes your computer.

The Tron Virtual Machine was created to simulate an environment and to enable the users to make many types of work at the same time. According to Justin Sun, this is a particularly important development for the Blockchain 3.0.

Blockchain 3.0

According to Justin Sun, in the next era of the blockchain, virtual machines will be widely used around the world. In case you are in doubt about why this era is called 3.0, you should understand how the nomenclature works.

The first era of the blockchain was when Bitcoin (BTC) was originally launched in 2009. The blockchain of the time was made to provide a simple technical support to the trading of various currencies and it was very simple. However, after the Bitcoin era, the technology has continued to improve a lot.

During the second era of the blockchain, Ethereum (ETH) and the ETH Virtual Machine were created and equipped with smart contract technology, which began a new era of the technology.

Finally, the third and current era of the blockchain technology is focused on the decentralized applications (dapps). At the same time, however, virtual machines have been also increasing their efficiency and technology.

Virtual machines are important to actually complete decentralized apps because they can be used to test them at various terminals. However, they have to be good for the decentralized application to work properly. This way, virtual machines, although they are not such a buzzword like cryptocurrencies, blockchain or smart contracts, are very important.

Is The Tron Virtual Machine Worth Paying Attention?

As virtual machines are very important to the development of large scale businesses, the Tron Virtual Machine should attract your attention because of its new features.

It is important to notice that the TVM was specifically built to solve problems that virtual machines generally had. While BTC has features that are very appreciated like transparency and speed, Ethereum and its Ethereum Virtual Machine had a complete system architecture but it also had several problems in design and execution.

It is mostly to solve all the problems of the Ethereum network that this new technology was created. One of the main problems of the EVM is that it uses too much GAS. You can only use the stack area to store freely, and you have to pay GAS to use other areas. Because of this, the ETH community has seen many problems happening over time. The new Tron Virtual Machine, however, intends to be able to solve these issues.

What Problems Can The Tron Virtual Machine Actually Solve?

For instance, one of the main new features that the company has is the introduction of the “bandwidth” concept. Remittance and smart contracts on the Tron network can be used free of charge instead of burning something like GAS like in Ethereum, which reduces the costs of developing on the platform.

Also, Tron will use Java, which is one of the most popular programming languages. Ethereum used Solidity, which was inconvenient and difficult for the users, so Tron has chosen simplicity instead. By using Java, the developers will not have to waste their time studying a new programming language just to use the platform.

The platform will also support other programming languages to help people to develop dapps and the company has plans to introduce more of them in the future. This way, it can offer better results for the users.

Tron’s Expansion

According to data from the Tron Foundation, the number of users of the Tron Network has increased to nearly a billion people, specially after the acquisition of BitTorrent. The company is expecting to increase its reach in the future.

The release of the virtual machine is just another step to transform the network into one of the major blockchains in the market for the 3.0 era of the blockchain.

About Justin Sun

Justin Sun was born in 1990 and he has a Masters degree from the University of Pennsylvania and a bachelor on Beijing University as a Bachelor of Science. He is the founder of the Tron Network and was elected as World Economic Forum's World Excellent Youth in 2014, CNTV China Internet Freshmen Year in 2015 and Fortune’s 30 People Under 30 in 2017.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide