TRON (TRX) has come a long way and the TRON Virtual Machine launch in three days’ time will mark a big milestone on the platforms development calendar. The community is overly excited as they wait to usher in a new era of efficiency and scalability on the TRON (TRX) ecosystem.
In a short tweet to announce the TRON VM launch Sun has said:
🔥#TRON virtual machine launch event. 📡Blockchain the global ecosystem, #TRON to the future. 📹Please wait for the live stream on 9:30am, August 30 (SGT), there will also be a lottery draw, see you there. 👇#TRX $TRX https://t.co/q553J2pHjW
— Justin Sun (@justinsuntron) August 27, 2018
The platform has been in the news for all the good reasons and these have created a lot of interest from major companies drawn from across the globe. Consistency has been a key diver in the adoption experienced since the beginning of 2018. Many projects have been launched on the platform with more waiting to come onboard.
TRON Recent Flurry of Activities
It has been a very busy year for the coin and the March 31st Testnet commissioning has been seen as the beginning of a new outfit in the blockchain industry. This ushered in the Mainnnet which has boosted the investor confidence thus leading to an influx of adopters.
Within a few months, TRON value has started to show positive signs and the market appears very receptive. Although most altcoins have been hit by the market slump since the beginning of June, TRON’s stability appears to be pegged on the projects they have undertaken since the Testnet.
Justin Sun has played a vital role in updating the TRON community on the platforms developments and his hands-on-approach has seen the digital asset perform better than any other Atlcoin in a single year. The TVM event is part of his efforts to position the ecosystem for future challenges.
Why the Custom TRON VM
The TRON VM is customized to the platform and the goal is to obtain the desired scalability and network optimization. During the testing phase, an increase in TPS and that saw a record of 49,518 in a single day. However, the project team is projecting processing more than a million transactions. Sun believes this is the way to go and the community appears to share the same vision.
The TRON VM will harmoniously complement the Ethereum VM in supporting Ethereum app developer tools. However, SON confirms that TRON VM will offer four times higher transaction speeds to that of Ethereum with added benefits of efficiency and scalability and the TRON community will enjoy a free transaction facility.
TRON (TRX) Price Outlook
With more projects anticipated after TVM goes live and increase of activities on the TRON network will see a boost in the TRX valuation. This has also seen the coin price appreciate and this should continue after the launch. At press time, TRX has gained 8.50% to the dollar to trade at $0.025060.
With an influx of developers anticipated on the ecosystem, a real adoption is also anticipated and this will go a long way to make the TRX coin usability reach higher levels. The coin is now 12th most valuable in the market and its popularity is likely to send TRX to the top 10 before the close of the year.