Sun Network Releases Data Finally as Tron’s CEO Explains DAppchain’s Three Phases
Justin Sun is known to the crypto world as the CEO and Founder of the Tron Foundation, which has been going through a lot of new developments lately.
With the success of their decentralized apps (dApps) and the recent car giveaway, the news of the Sun Network has just amplified the good attention they have been getting. Now, the new layer to the decentralization architecture finally has a launch date, which means that the platform is getting closer to increasing scalability and transaction capacity.
Though Justin Sun has been quiet about the launch date, a recent tweet reveals that the testnet is even closer. The tweet discusses the three phases happening with DAppchain as well.
#SUNNetwork is almost here 🚀 #Dapp sidechains, cross-chain infrastructures and some other expansion projects are coming! #SUNNetwork will further expand the overall capacity of #TRON network, improve the overall TPS and smart contract execution efficiency.https://t.co/PsHLwCvByU
— Justin Sun (@justinsuntron) April 8, 2019
During the first phase, there will be the launch of the testnet. The testnet aims to begin with off-chain confirmations on the sidechain smart contracts. It will launch the unlimited transaction capability while erasing any issues with network capacity for large volumes. This phase is scheduled to commence on May 30th.
Phase two involves the launch of the mainnet, including dApps side chains, cross-chain infrastructure, and other expansion efforts. The entire community will have the ability to both work on development and participate in the network to further the progress in the network. This stage will be launched by August 10th.
The third and final phase will be Optimization. Over the month following the mainnet launch, the developers will be evaluating the functionality of the sidechains. Reports from CoinGape state that the optimization is going to be involved in the Sun Network update, which will handle some of the concerns with run time.
As of 12:04 pm MST, Tron’s TRX token is trading at $0.030682, seeing an increase of 7.26% in the last 24 hours.