Justin Sun’s Tron Foundation Releases New Report Detailing TRX Upgrades and Future Projects
New Weekly Report Released by Tron Shows Upgrades, Future Projects, and Ongoing Innovation
As part of an effort to keep consumers informed about the goings-ons of the platform, the Tron Foundation issued one of the many weekly reports to come on August 6th. Justin Sun, the CEO, commented on the substantial progress of the company, mirroring the upgrades and new developments that the weekly report describes.
The first section of the report has to do with everything that has already been finished with the company, like the launch of the Tron Virtual Machine. By reaching the deadline that the company planned, it helped to maintain the planned progress of the company. This machine works alongside the Ethereum Virtual Machine, and the migration is low in cost.
Presently, the ecosystem involves development tools, engine tools, and third-party tools. They have modified the platform enough to limit node storage and the CPU resource. They also added a node blacklist, which will eliminate bad nodes.
The next section is in regard to the work that they have yet to complete. There is very little detailed in that section, the company says that they are working to add features to the Tron Virtual Machine, including receipt verification and CPU deduction logic. There will also be an interface that helps consumers with smart contracts.
The final section discusses the activities that have been going on in the Tron community, where they said that their online store is prompting a flash sale. The sale is on July 30th, though they released a collection of videos only a few days before. During the sale, anyone who participated would receive points when they invite friends to “like” Justin Sun’s Twitter account. The following day, Tron launched the Atomic Wallet. This wallet lets users trade the tokens they just earned.
When users take advantage of the Atomic Wallet, it is easier to perform cross chain swaps. There is less of the chance of being attacked by a third party. Furthermore, they cannot create their own crypto assets.