TRON to be Ready For SUN Network Update

This is stated by the project's founder Justin Sun
08 April 2019   153

Founder of the Tron Justin Sun announced the upcoming activation of the next protocol update.

According to him, the update called SUN Network is near. Among the improvements compared with the previous version, he calls sidechain decentralized applications, crosschain infrastructure and some other extensions.

According to the information on the attached image, sidechains for DApp will significantly increase the throughput of decentralized Tron application.

The launch of the SUN Network test network is scheduled for May 30. As reported, this phase focuses on supporting smart contract sidechains, which will realize the unlimited expandability of the core network while maintaining asset security.

The official launch of the update will take place on August 10. Further improvement of the characteristics of decentralization and asset security, community support for the environmental formation of sidechains and full activation of the ecosystem laid down during the first stage, company says.

The final step is “optimization”, which starts on September 15 and brings with it new toolkits, aimed at simplifying interaction with previously integrated modules.

Tether to Issue TRON Blockchain Based USDT Tokens

At the moment, a number of large platforms, including Bitfinex, OKEx, and Huobi, have announced their readiness to list new token
18 April 2019   131

Issuer of Tether began to issue USDT coins based on the Tron blockchain. This is reported by the head of the Tron Foundation Justin Sun announced on Twitter.

He also urged the exchanges and cryptowallets to support the initiative. A number of large platforms, including Bitfinex, OKEx, and Huobi, have announced their readiness to list new asset.

In addition, as Justin Sun said, the first investors will receive a reward for converting USDT on Bitcoin or Ethereum blockchains in the TRC-20 standard USDT - 20 million USDT will be distributed as additional interest payments within 100 days.

Tether and Tron announced a partnership in early March. As Tether CEO Jean-Louis van der Velde said at the time, Tron-USDT will be the next step in the company's development and demonstrates its commitment to spreading innovation in the cryptocurrency space and striving to meet the needs of the community formed around digital assets.