Tonight, Justin Sun, founder of TRON, has released the TRON Virtual Machine in the test network and also made an announcement related to the unveiling of TRON’s long-awaited, secret project.
The big trial of The Tron Virtual Machine (TVM) trial has been announced today. On August 30, TRON will follow the Mainnet upgrade and will officially launch TVM.
On Medium , the explanation of TRON Virtual Machine (TVM) is as follows:
“The TVM is a lightweight, turing-complete virtual machine made for the development of the TRON ecosystem. TVM aims to provide millions of global developers with a bespoke blockchain development system which is not only efficient but developer-friendly, stable, secure and easy to optimize.”
Additionally, the TVM is fully compatible with Ethereum and offers faster speed at minimal costs. Developers should be able to easily design the Apps in the TRON network with mainstream development tools like Remix, Truffle, Web3 and browser wallet plugins. The compatibility with Ethereum also ensures that developers can easily switch to the TRON Blockchain.c
Justin Sun gave an extensive presentation on the TRON Mainnet Launch and also spoke about its positive future and huge growth prospects. He also laid emphasis on the whooping record of 49,518 individual transactions per day. Overall, Mainnet currently has 362 nodes and 74,112 account addresses. More than 40 mainstream exchanges, including Binance, Bittrex, Bitfinex, Upbit, Huobi, and OKEx, have completed token migration from the ERC20 token to TRON’s Mainnet TRX without reporting any kind of financial loss.
A total of 92,424,664,154,355,837 ERC20 tokens were burned, which corresponds to 92.42% of the total spent. Until the migration is completed, the remaining ERC20 tokens will be considered as valid and can still be exchanged at Binance and Gate.io.
Secret Project: Integration of BitTorrent
The founder of TRON, Justin Sun, stated that TRON has completed the acquisition of BitTorrent in addition to launching TVM. Under the name Project Atlas, the integration of BitTorrent and TRON will take place in the near future. He also stated that TRON has completed initial planning and has also updated the roadmap for the next three months. The details will be published by the end of August this year.
This massive acquisition, according to Justin Sun, could make TRON and BitTorrent the largest decentralized ecosystem in the world. The integration aims to further improve existing altruism. Currently, there are no incentives for peers who have completed the download to continue “seeding“. Therefore, TRON intends to extend the rewards to peers who continue to “seeding”.
The network of TRON will serve as the underlying protocol of Project Atlas.
“Hundreds of millions of BitTorrent users around the world are becoming part of the TRON ecosystem. BitTorrent will be the largest application in the TRON network that will enable TRON to outperform Ethereum on daily transactions basis and become the most influential public blockchain in the world”.
In addition, the integration should revolutionize the worldwide payment and billing of online content. Content creators should be able to reach 100 million users without intermediaries in the decentralized network.
The entire presentation can be viewed here.