On 6th August, the Tron Foundation released its weekly report that touched upon the upgrades and developments that took place within the network. Justin Sun, the CEO of Tron stated that the company was making massive strides in ensuring the implementation of future projects to be completed at the earliest.
Justin Sun’s tweet | Source: Twitter
Work Completed:
The company has stated that the launch of the Tron Virtual Machine was a massive boost and the timely release helped it achieve a lot of product goals. The Tron Virtual Machine is compatible with the Ethereum Virtual Machine and developers can shift from the Ethereum platform to the Tron platform for ‘almost free’.
The Tron dApp ecosystem is divided into 3 parts:
- Development Tools
- Engine Tools
- Third Party Tools
The Foundation also revealed that they had added a model to limit node storage and Central Processing Unit resource. The company believes that the USP would be the fact that the cost to create an account is 0.1 TRX. Justin Sun also pointed out that a node blacklist was added in the system that would allow the Foundation to pick out faulty nodes.
Work in Progress
The Tron Foundation has revealed that the Tron Virtual Machine will be given a boost with the addition of features like CPU deduction logic and receipt verification. The company has also stated that the network will also include Dynamic changing resource ceiling as well as the add-on of smart contract Application Programming Interface.
Community Activities:
The company stated that the online store was opened for flash sales on 30th July to a grand reception. The report also shows that on 28th July, Tron had an activity collecting videos related to the Tron Independence day and Tron Virtual Machine releases on Facebook. On July 30th, the company held an activity on Facebook and Twitter where participants could accumulate points by inviting friends to follow the twitter account of Justin Sun, the Co-Founder of the Tron foundation. The release also shows that on 31st July, the team launched the Atomic wallet that would allow the trading of TRX tokens.
The Foundation noted that Atomic Wallet support would help TRONICS in the management of crypto assets by reducing efforts, as well as it provides a strong, on-demand service for the clients.
Using the Atomic Wallet, cross chain swaps can be more easily done. This will reduce the risk of a third party app from entering and producing their own crypto assets which might be more reliable and transparent.
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Source: AMBcrypto
Original Post: Tron [TRX] releases it weekly report post the TVM launch, aims for industry breakthrough
