One Year Later, Tron Releases its Weekly Updates as it Celebrates the First Year of Independence

In respect to transparency and community interaction with the development teams, project leaders are opening up their progress books to users announcing the developments being made across different timelines. While most project leaders choose to release these “development reports” on a quarterly basis, Tron Foundation releases its development reports every other week. Justin Sun, the CEO of Tron Foundation and founder of Tron announced the latest weekly report to ensure the users are updated on the progress of the blockchain.

In a seven-part report translated in 15 languages, Tron touches on the technical developments completed during the week, the developments in the upcoming week, the community updates, media coverage & partnerships, TRX market performance, developers’ products and the Bit Torrent performance so far.

Justin Sun tweeted on the development progress highlighting the release of the newest version of Odyssey – V3.6, the improved API documentation and the buyback plan of $20 million USD worth of TRX.

Justin Sun's tweet on the weekly developments on Tron blockchain (Source: Twitter)

Some of the key statistics on Tron blockchain in the past week includes TRON reaching a block height of 10.47 million; the total number of nodes hit 1,328; the total number of real time accounts reached 3,208,810 with 104.579 new addresses in the past week; number of transactions exceeded 480 million and new transactions stood at 8.02 million.

Furthermore, Tron blockchain saw an increase of 10 dApps during the past week representing a 2.1% growth in the past week. The number of transactions across the decentralized application world crosses 5.17 million representing a volume of $93.77 million USD.

TRON: One Year Later!

The past week also signals the first anniversary of Tron’s independence from Ethereum’s ERC 20 standards to its own main net. The development team, led by Sun, launched a TRX giveaway on June 25th, whereby users have the opportunity to win 19,685 TRX tokens. Furthermore, the CEO penned an open letter to the TRX community assuring them of a prosperous future as the head of the organization and thanking the team for the growth experienced on the platform since June last year.

The team further offered an update on the upcoming technical developments on the blockchain’s architecture stating their plans:

“Develop fast forwarding node witness statistics and mechanism on how to research to convert constraints into circuits. The smart contract area will also receive a boost with an improvement on Tron Virtual Machine documentation and multi-oracles code.”

Tron (TRX) is currently trading at $0.031068 USD, representing a 6% loss in the past 24 hours as the market faces a selloff. The token is ranked 11th on Coinmarketcap with a total market capitalization of $2,071,676,302 USD.

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