Justin Sun Reveals July 7th As TRON 4.0 Launch; TronZ Privacy, TPOS Consensus, and TICP Protocol

  • Justin Sun has now disclosed that the much anticipated TRON 4.0 will be rolled out on July 7th.
  • He highlighted some new unique features that the Tronic are to expect from the update.

Justin Sun, Tron CEO has revealed the possible launch date of TRON’s awaited update dubbed TRON 4.0. In a Twitter post, Sun announced that TRON 4.0 will be unveiled on July 7th.

The CEO explained to the Tron Community (Tronics) of what new features to expect as when the update would be rolled out. There were four key improvements. Their smart contract privacy protocol, TRONZ, would now be supported by Virtual Machine (VM) environment. He remarked that this was currently the most secure and energy-efficient protocol available.

Their TPOS Dual-layer Consensus mechanism had also received major upgrades as they were able to slash the block confirmation time from 57 to 3 seconds. This was achieved by the integration of DPoS and PBFT advantages which has had a hand in bolstering Mainnet’s security.

Perhaps the most exceptional feature was their new TICP cross-chain protocol. This and the three public chains that are set to be availed on the release date would enhance communication between the developers globally on their mainnet.

He also disclosed that they had successfully completed the financial institution and enterprise Blockchain solution. This would go a long way in trimming the time and costs of deploying dApps on their mainnet.

The update would be free for any developer leveraging the Tron Network. The Tron Dev team were however keen to cite in a bid to uphold compliance with international standards, the TRX transactions would no longer be anonymized.

“The TRON 4.0 upgrade will not make TRX anonymous in any way, nor will it have added privacy features”

TRX In the Market

The TRX currently trading at $0.018461 has recorded a trading volume of $1,855,700,770 in the past 24 hours as per this writing. Currently, sitting at the 16th spot with a market capitalization of $1,231,843,851 and 66,682,072,191 TRX in circulation currently.

Tron 2nd anniversary

Notably, the Tron community just celebrated its second anniversary at the close of last month. Their mainnet launched May 2018 has remarkably morphed into a colossal ecosystem now supporting over 750 dApps and so far surpassed 6 million users.

Also Read: High Gas Fees are Affecting Ethereum Dapps’ Daily Activity; Tron’s Long-Term Trend on Decline

TRON (TRX) Live Price

1 TRX/USD =$0.0175 change ~ 4.37%

Coin Market Cap

$1.17 Billion

24 Hour Volume

$246.23 Million

24 Hour VWAP

$0

24 Hour Change

$0.0008

Get Free Email Updates!

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

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,471FansLike
2,795FollowersFollow
4,194FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin Adoption Explosion in Africa, Led by Nigeria, Kenya, and South Africa

Bitcoin continues to gain traction in Africa, with Kenya being the most bitcoin maximalist country, with 94.7% dominance. The top 10 list also contains...

DeFi App Growth Boosts Total Transactions On DApp Blockchains By $4.5B In Q2 2020: DAppRadar Report

In a report by DApp Radar, the total transactional volume on DApps touched the $12 billion mark in Q2 2020, representing a $4.5 billion...

Bitcoin to Follow the Equities Market Up or Down? One-Month Correlation Spikes to an All-Time High

Yet another week of weak price movement. The world’s leading digital asset is trading at $9,072, in red with 24 hours ‘real’ volume of just...

Public Mint Launches Its Blockchain; Over 200 Banks Plan to Support Its Digital Money

vPublic Mint, a firm founded by CNET founder Halsey Minor, has announced the launching of its ‘fiat-native’ public blockchain, which enables anyone to easily...

BTC Halving Week Brings in Record Monthly New Accounts & Doubles the Revenue for BlockFi

The past two months have been incredibly dull for the price of bitcoin, but it didn’t affect the businesses in the cryptocurrency space. The...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today