By On the 4th of August 2019, Tron’s CEO and founder Justin Sun held a briefing on twitter for his followers concerning the Tron’s ecosystem advancement. The tweet went ahead to urge Sun’s followers on twitter to come up with a name for Tron’s privacy solution. This tweet is said to have been aiming at piquing people’s curiosity just before he announced Sun’s network development.
New Version of Sun Network to Be Released on the 10th of August
On Justin’s subsequent tweet, he went on to announce that the Sun Network version 1.0 was scheduled to be released on the 10th of August 2019. This new version of Sun Network is meant to take care of the scalability issues that Tron has been facing. Version 1.0 will allow DApp developers to build their side chains as well as enable Tron to develop its own DApp chain.
Tron Strive to Remain on Top of The Game in Reference to DApps
Tron has been at the top of the game when it comes to DApps beating its competitors such as ETH and EOS severally. However, despite its past success, Tron continues to develop its ecosystem. The Sun Network is Tron’s latest development with its test net launched in June to boost Tron’s DApp involvement. The Sun Network is a parallel network to the leading Tron network aimed at solving the scalability issues in the cryptocurrency industry as well as enhancing the transaction capacity.
Tron is also set to build a DApp chain based on Justin’s tweet; “this project is a side chain expansion project with relation to Tron’s smart contracts. DApp chain adoption will cause DApps to function while consuming less energy with high security as well as high efficiency.”
Scalability has been an issue not only for Tron but also for the whole crypto space. The fact that Tron is working towards a solution with the Sun Network means a lot for the crypto community. It also proves that it is serious lobbying for mass adoption of blockchain technology and cryptocurrency and is worth investing in.
Price Fluctuations
News on development in the crypto space always leads to price fluctuations. With this news about Tron, it is expected that the TRX price will go up. As a result, TRX, which is Tron’s coin, was valued at $0.0225 and had a market cap of 1.5billion. This has led to TRX having a $422.47 million trading volume in 24 hours, and most of these came from exchanges.
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