Tron Foundation releases weekly report; TRX enjoys a 4.64% hike

On 15th October, Tron Foundation released their weekly report on Twitter. The report outlined the work covered in the past week, which included database memory optimization, Tron’s partnership with the Federal Communications Commission [FCC] and the market transactions.

Work completed

On the consensus side, the Foundation stated that they have designed and developed the resource delegation mechanism, used to distribute work to resources. Writing about the structural aspect, the team stated that the memory optimization for the database has been designed.

Work in progress

The resource ceiling dynamic change mechanism and the resource delegation mechanism have been put into the testing phase. The developers have started to work on the memory optimization design for the database. The foundation is currently researching on “Anonymous Transaction Scheme”, for wallets.

On October 6th, a gaming application built on Tron’s dApp ecosystem was launched.

Explaining the game in brief, the report stated:

“By hiring wizards and purchasing upgrade items, you can increase the output of jade, currency in the magic world; a player can increase his output and battle power with the race card based on the TRC-721 standard.”

October 6th marked a triple joy for the Tron Community with a third announcement. The Tron Foundation strategically partnered with the Federal Communications Commission [FCC], and released the “Tron Tournament Product”.

“FCC team shares the same determination with Tron to build a truly decentralized Internet and to change the future,” they added further. On the 8th of October, version 3.1 of Tron Mainnet was activated, marking the proposition of a community Super Representative to activate the TVM on the new version. Justin Sun was one amongst the 27 SRs to vote in favour of the activation.

On 8th October, Tron [TRX] entered the top 10 cryptocurrency club with a surge of 11.29% and a market cap of $1.76 billion. TRX enjoyed a weekly high of $0.027 on 9th October but sunk to $0.020 on 12th October.

At press time, according to CoinMarketCap, Tron [TRX] is trading at $0.025 with a market cap of $1.66 billion. Standing at #11 in the market, it has seen a hike of 5.22% in the past 24 hours.

The post Tron Foundation releases weekly report; TRX enjoys a 4.64% hike appeared first on AMBCrypto.

Source: AMBcrypto
Original Post: Tron Foundation releases weekly report; TRX enjoys a 4.64% hike