Official Tron Virtual Machine Launch Could See TRX Topple Ethereum During Next Bull Run
Tron Virtual Machine Finally Launches, And Gives Heavy Competition For Ethereum
The launch of the Tron Virtual Machine (TVM) has been a long time coming, and the founder (Justin Sun) could not be happier to pit his new technology against the archaic nature of Ethereum.
Sun believes that the reason that Ethereum has fallen behind as a result of a lack of action on their part, suggesting that “other public chains that are benchmarked against Ethereum.” Now that Tron Virtual Machine is active, the heat between the two platforms is reaching a new high.
Being the cause of this benchmark has been Tron’s goal from the start, and it looks like their wish is coming true. Officially, Tron Virtual Machine launched on August 30th, which came with an upgrade for the existing MainNet. For Tron, the big events keep coming, as they have recently held TRON Independence Day and their election for Super Representatives.
This virtual machine essentially helps the company to continue to promote development within the Tron platform as a whole, and it is a lightweight Turing machine. This system helps developers around the world to optimize transactions for the Tron network, making it efficient, stable, and secure. The middle layer is already compatible with the Ethereum Virtual Machine (EVM), which should entice other developers to participate in the updates.
Some of the public has been curious about the impact that TVM could have on EVM, considering that the TVM is “safer, more stable, and more compatible” than its predecessor. Ethereum has managed to pave the way for a lot of newcomers to cryptocurrency, and even Sun cannot deny the support that it is given Tron during their development.
Along with their use on the platform, they have also made many mistakes that Tron’s been able to improve upon.
To help developers with the creation of new dApps, Tron also has added Java, which is a language that is more well known for developers that have not been in the crypto industry before. There’s also Google Profobuf, which helps the platform to expand and scale for additional transactions. With an API interface, developers can center their focus on contract code logic.
TVM has other innovations that developers will benefit from, like TVM’s bandwidth for various transactions without the need to eat up any tokens with fees and smart contract operations. Sun urges consumers to integrate Tron as an operating system, adding,
“As an operating system, TRON can provide the infrastructure for blockchain development and a very convenient and friendly development environment.” As Sun’s unleashed TVM, the competition between the two exchanges have become exponentially more competitive.
Based on the reaction to the upgrades, Sun has noticed that the way that public chain has improved development has been primarily due to the confidence they get from users. He said,
“the Ethereum protocol has not made much progress in a whole year last year. Modification plans for Ethereum Casper and the POS verification mechanism has not been implemented. Investors are gradually losing their confidence in Ethereum.”
While many other platforms are improving their technology and making upgrades to scalability for their growing consumer base, Ethereum has not really kept up. There is little production of new technology, and their blockchain can still only handle a few transactions per second. With this stagnant state, Tron’s ability to surpass their progress is getting increasingly easy.
With all the progress that Tron has made, experts believe that the decentralized ecosystem that Tron has discussed will be ready by the end of the third quarter. Still, the company has acquired BitTorrent as a dApp, and has been consistently attracting users both inside and outside of the industry.
Two million active users are almost constantly active, and there will be a total of 100 million additional users expected to be added.
Tron is an obvious contender for the top platform, and their ascension to become the biggest and highest functioning blockchain system will only continue to improve their value. For now, investors and developers can make a difference by using Tron Virtual Machine and the platform as their first choice for crypto and blockchain functions.