Tron Is a Week Away from Launching SUN Network Testnet Offering 100x Scalability
Tron (TRX) continues its expansion path in the cryptocurrency market. Although it became difficult for the digital currency to sustain the 11th place in the market, the cryptocurrency and network are being developed and enhanced. In a recently released tweet, Misha Lederman, the co-founder of IAmDecentralized, said that Tron is just 9 days away from launching the Sun Network testnet on May 30.
Sun Network Testnet To Be Launched on May 30
The Tron community is currently excited about the release of the Sun Network and its testnet. This is a second layer scaling solution that, according to Misha Lederman, will be providing 100x scalability. At the same time, it will be possible to develop dApp sidechains and cross-chain infrastructure, increase Tron’s overall capacity, lower dApp energy consumption and improve asset security.
Sun Network (DappChain), #TRX's layer-2 100x scalability will:
🔗 Develop DApp sidechains & cross-chain infrastructure
📊 Increase TRON's overall capacity
⚡️ Lower DApp energy consumption
🔐 Guarantee asset security pic.twitter.com/kJQA9IfsMs
— Misha Lederman (@mishalederman) May 21, 2019
There are several cryptocurrency blockchains that are going to have second layers of technology built on top of them. Bitcoin (BTC) is working on the Lightning Network (LN) while Ethereum (ETH) is also working on Ethereum 2.0 or Serenity, that will include things such as Proof-of-Stake, eWASM, and Sharding, among others.
The new dAppChain that Tron is currently building will be integrated in three different phases. The first one is the testnet in which the network will be focused on supporting smart contracts on side chains. At the same time, developers will have the possibility to expand the Tron mainnet and also decrease fees.
The second phase of the development of this new dApp chain is expected to be improving the characteristics of decentralization and also improve the security of assets. This is scheduled for August 10. Finally, the last phase is the Optimization, that will be integrated on September 15.
At the time of writing this article, Tron is the 12th largest digital asset. It has a market capitalization of $1.74 billion and each TRX can be purchased for $0.026133. In the last 24 hours, Tron lost almost 10% of its value.