Tron Virtual Machine (TVM) Launch Countdown To August 30, 2018: Project Atlas Details And More
Before we go crazy over the TVM that will be launched in the near future, we need to understand what exactly Tron is and what TVM is.
TRON is a decentralized entertainment and content-sharing platform which utilizes blockchain and peer-to-peer (P2P) technology. TRON’s goal is to create a worldwide free content entertainment ecosystem by cutting out giant corporates “middle men” like Google, YouTube, Spotify and Apple and returning all the profit earning potential to the content creator’s hands.
This is just but one of TRON’s goals. It wants to completely reshape how the global society interacts through the Internet and blockchain as a whole. Tronix (TRX) is its official cryptocurrency. It was founded by Justin Sun (CEO) who has a stunning resume.
- Master’s Degree from University of Pennsylvania
- Former Chief Representative for Ripple in Greater China.
- Alumni of Hupan University.
- Founder and CEO of Peiwo (China’s “Snapchat” Equivalent)
- 2017 Forbes Asia 30 under 30 entrepreneurs.
What Is TVM?
TVM is a custom-built blockchain system built by the TRON Foundation for the purpose of making the TRON’s ecosystem bigger and more efficient. This Virtual Machine is compatible with Ethereum’s VM (EVM) environment enabling Ethereum VM developers to implement and experiment with an all-ready system using Solidity and other programming languages.
Moreover, transaction and smart contract operations are free on the TRON platform as TVM uses bandwidth unlike EVM which depends on gas hence, programmers have to limit their codes to reduce gas fee. There is much more flexibility on TVM to program more interesting applications without much worry of costs.
The Forthcoming Launch
The CEO announced that there will be a live stream of the TVM launch on 30 August 2018 at 10:30am (SGT) where the full implementation of the virtual machine will be made available. The CEO also revealed that there will be a lottery draw for TRX supporters on the day of the TVM launch.
TRON has had past successes and so far has been right on schedule; launching the TestNet on 31 March 2018 followed by the MainNet on 31 May 2018 and holding its first Super Representatives (SR) election on June 26, 2018. The Beta version of the Tron Virtual Machine was also successfully launched on 30 July 2018.
The TRX token holder community voted in 27 Super representatives who will play a key role in governing the TRON community by ensuring basic functions such as block generation and bookkeeping. The completion of the election was a huge milestone for TRON. Justin Sun, TRON CEO stated that it is ready and set for democracy as the new era arrives.
With TRON’s impressive record there is no doubt they will deliver impeccable results.