Author: Jagdish Kumar, India
In order to move towards a new independent platform from Ethereum blockchain, one of the tenth largest crypto coin, Tron (TRX) has launched its own blockchain.
The company has moveed to its beta platform from 31 May 2018 and will be in that phase for this month.
Called as Odyssey 2.0, Tron is looking to officially launch the platform on 25 June 2018 and will be named as Independence Day.
Currently, Tron is trading at $0.058 per token with a market capitalization of $195 million, according to CoinMarketCap.
However, many believe that the market cap of Tron could go up to $1 billion in the next few years, as the company has now shifted to its own platform.
For the Tron token holders, migration will take place between June 21 and June 24, where the ERC-20 tokens on exchanges can be exchanged for an equivalent number of TRX’s on the new blockchain.
After the migration is complete, Tron will shed its ERC-20 identity and is reported to have superior scalability and decentralization.
Apart from this, Tron also supports decentralization application (dApp) development and is seen to have conducted internal tests to prove that their network is 400 times faster as compared to Ethereum.
The Q2 of 2018 marked for the release of Tron’s Main Net with an enhanced DPos and improved performance in security and scalability, the Tron Foundation said.
However, the company has more plans further this year and has set Q3 2018 for Odyssey 3.0 launch, the Tron Virtual Machine aka TVM offer developers the opportunity to develop smart contracts on the Tron Main Net.
In Q4 2018, Tron will be launching it P2P network named the Great Voyage that come with new features including sharing and multi-sig.