TRON launches its network

TRON mainnet launch is scheduled for May 31 that will operate on its own TronVM fully compatible with Ethereum virtual machine
23 May 2018   769

Mainnet launch on May 31 is attracting all of the attention for TRX and the team. Tron will diverge from Ethereum to run on its own blockchain. Enabling TronVM to operate smoothly with Ethereum, dApps built on Ethereum will be able to seamlessly switch over to Tron.

Our next goal is to become one of the top 6 cryptocurrencies in the world. We have actually achieved top 6 briefly on January 5, 2018 during TRON’s outstanding sprint out the gate. In 2018 we will reclaim and secure this title which will mark TRON’s global status as a mainstream public blockchain and lay a solid foundation for competition with Ethereum.

 

Justin Sun

Founder, Tron

The mainnet will feature a throughput of over 1,000 transactions per second and almost zero fee. Tron also addresses the scalability issue of Ethereum as its key advantage. A plethora of exchanges are going to support the migration, i.e. Bit-Z, Bittrex, Bitfinex, Bibox, Binance, Coinnest, Coinrail and Zebpay.

The implementation of Odyssey-v1.06 will transform the reward system on the platform and handle the vote freeze and defreeze. Lastly, the complete TRX realignment will run up to June 21.

At the moment or publication, TRON market parameters are as follows:

Average price 0.075399 USD
Market cap 4,957,368,169 USD
Volume (24H) 530,552,000 USD

Tether to Issue Tron Based Stablecoin

New stablecoin is USDT launched on Tron blockchain and it will be compatible with all protocols and decentralized Tron-based applications
05 March 2019   157

Tether and the developer of the Tron protocol have announced a partnership in which the USDT token will be launched on the Tron blockchain. The new asset will join the Tether family of stablecoins on Bitcoin and Ethereum blockchains.

The TRC-20 USDT Token will be compatible with all protocols and decentralized Tron-based applications. Its launch is expected in the second quarter of this year.

The statement also says that Tether was originally conceived as a tool that would not depend on any one blockchain.

We are pleased to announce this collaboration with the Tron Foundation. This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.
 

Jean-Louis der Velde

Chief Executive Officer of Tether

According to him, the USDT token of the TRC-20 standard will be the next step in the development of the company and demonstrates its commitment to spreading innovation in the cryptocurrency space and striving to meet the needs of the community formed around digital assets.

Meanwhile, the head of the Tron Foundation, Justin Sun, said that, along with Tether, Tron is taking an important step towards decentralized finance. According to him, the emergence of  own stablecoin will favorably affect the entire ecosystem and facilitate institutional investors access to the Tron blockchain.