Justin Sun Sheds Some Light On Tron Virtual Machine As He Launches It

Justin Sun Sheds Some Light On Tron Virtual Machine As He Launches It

Justin Sun, the founder of the Tron Foundation, has recently decided to speak about the Tron Virtual Machine on the Blockchain the Global Ecosystem livestream, which happened on July 30. At the moment, the product has been launched and it will be tested by the community members soon.

The Tron Virtual Machine (TVM) will be complete when the MainNet upgrade of the Tron network is also launched. The platform will be completely compatible with the Ethereum blockchain but it will be faster and also affordable.

Tron Virtual Machine On Beta Testing

At the moment, the TVM is on Beta testing only. The version is currently stable and secure but still has a long way to be optimized before it can be complete. The idea is to create a proper ecosystem and more development tools that will make more user-friendly and efficient to achieve a higher performance for the users.

The main idea of the project is to provide a sandbox for the Tron community in which they can test the virtual machine while it is in Beta, find bugs and report to the developers, as the feedback is very important to completing the product successfully. After this is done, the Super Representatives of the company will help to upgrade the TVM to a newer version.

The Tron MainNet

At the moment, the MainNet of the Tron Network is running smoothly. It has reached a block height of 1,005,756 with over 74,112 addresses and the peak of transactions in a single day is almost 50,000 with 362 global nodes.

The number of exchanges trading Tron is higher than 40 at the moment, as most of them have already migrated from the ERC20 token standard to Tron TRX tokens without any type of financial loss to the users. This includes some important exchanges like Bittrex, Binance, Bitfinex, Huobi, OKEX and Upbit.

The migration is almost complete as the foundation has already burned over 92 billion ERC20 tokens, more than 92% of the whole number of them. The remaining tokens will still be valid on exchanges.

Justin Sun Comments On The Launch

According to Justin Sun, the fact that TRX contracts have been launched on BitMEX and there is a new option for TRX purchase on Changelly mean that the network is finally being acknowledged. He also commented on the collaboration between Tron and Pornhub and promised a massive upgrade on the app scenario of the token.

Finally, the founder has also spoken about the Tron’s acquisition of BitTorrent, a major P2P company. This acquisition might help Tron to become the largest decentralized platform on the world.

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