Tron’s Four Major Developments: BTT Speed, USDT-TRON Stablecoin, zk-SNARKs and TRX Manager
Tron has built a massive infrastructure around it already. They have already made one of the biggest dApp ecosystems and are again planning to launch new features which will help them further cement their position at the top of the dapp community.
Misha Lederman, the co-founder of IAmDecentralized.org took to Twitter to announce this:
Four major developments for #TRON in coming weeks & months of Q2:
1. BitTorrent Speed, $BTT
2. Institutional-friendly multi-signature & account management
3. USDT-TRON stablecoin launch on #TRX blockchain
— Misha Lederman (@mishalederman) March 20, 2019
BitTorrent Speed rewards BitTorrent users with BitTorrent (BTT) in exchange for seeding and bandwidth, enabling faster downloads. 100M+ users now have the opportunity to be a part of the tokenized decentralized internet and support content creators all around the world from their torrent client. The company has also affirmed that content creators will have their content supported by this torrent client and that the long-term vision of the company is to create a structure that will let the content creators post their products directly in there and receive money for this.
The coin will be integrated into the µTorrent Windows app. Justin Knoll, the head of Project Atlas, which was launched by Tron and BitTorrent together, briefly described the positive sides of BitTorrent, saying that it will be about unlimited data with no central cost or servers.
Sun explained the merit of introducing multi-signatures. He explained how the multi-sig feature will help investors to easily manage TRON (TRX) and Tron-based cryptocurrencies.
“Multi-signature is essential to institutional investors and investors with high net worth because institutional investors usually use institutionalized approaches to keep cryptocurrency assets, which are managed by multiple parties and with multi-layer procedures. Therefore, multi-signature allows multi-layer management of cryptocurrencies. It’s fair to say that without multi-signature, there will not be institutional investors.”
Through implementing Zero-Knowledge Succinct Non –Interactive Argument of Knowledge technology also known as Zk-SNARKs, Tron (TRX) will be joining the leagues Zcash (ZEC), Monero (XMR), and Verge (XVG) which have successfully integrated zk-SNARKS technology into their platforms.
To be able to achieve its primary goal of making transactions anonymous, Zk-SNARKs shield uses proof of construction algorithm to conceal the details of the deal. However, while it doesn’t reveal the details of the transaction, it enables the party involved to confirm the details.