Tron To Launch The Details Of Sun Network Soon, Dubbed TRX Blockchain’s 100x Scaling Solution
Justin Sun took up to Twitter to confirm that Tron will soon release the details of Sun Network.
#TRON will release the detail of #Sun Network soon! #SUNNetwork is our layer 2 solution to achieve 100X scalability. #TRON’s dapp usage is poised to scale from the current millions to hundreds of millions after launch. GO #TRX and #BTT! #BitTorrent #BTT #TRX
— Justin Sun (@justinsuntron) April 3, 2019
The Sun Network is Tron’s layer 2 solution that is expected to achieve 100x scalability. Layer 2 solutions are currently gaining a lot of traction in the crypto community.
Michael J. Casey, a senior advisor to MIT’s Digital Currency Initiative, explains:
“We are now entering an exciting new phase of blockchain development in which… programming solutions that operate “on top” of existing blockchains promise big strides in scalability, interoperability, and functionality… There is still much work to be done. The early tech is buggy, and new security and trust solutions must be figured out… But in mitigating the heavy, multi-party computation that blockchains carry while ensuring that transaction histories are at some point anchored by “on-chain” consensus algorithms, there’s something of a best-of-both-worlds promise in these ideas.”
The Lightning Network has caused a long of excitement among Bitcoin supporters, as it neatly solves the problems of slow transaction times and high fees by making off-chain transactions possible. The growth in Lightning Network activity over the past year suggests it may prove to be the magic bullet scaling solution that makes Bitcoin usable as a currency. And as the Lightning Network’s system of payment channels is based on implementing smart contracts, it could transform Bitcoin’s functionality in even more profound ways.
While the Lightning Network’s second layer smart contract-based scaling solution neatly solves Bitcoin’s most pressing issues, Ethereum’s needs are more complex. Any Layer 2 scaling solution for Ethereum needs to preserve Ethereum’s capabilities as a platform for executing complex smart contracts.
Tron also experiences similar problems which are expected to be solved by Sun Network.