TRON booms as CEO Justin Sun announces launch of Virtual Machine Odyssey 3.1

Tron

TRON has seen a surge in price with a 13% increase in day-on-day trading values.

Looking at the timing of the increase, we see that founder Justin Sun had just posted an update on the TRON Virtual Machine (TVM) which is about to launch:

TVM will offer developers with features needed to create decentralized apps (DApps) as well as conduct smart contracts on the cryptocurrency s blockchain.

Odyssey 2.0

Looking back to when it was announced that TRON would be gaining ‘independence’ from Ethereum’s blockchain through the launch of its official mainnet in June of this year, TRX collapsed by 4.14% day-on-day, and was trading at $0.05 USD.

At the time, Sun posted to Medium saying:

“Today, I announce with confidence that development for TRON Mainnet, Odyssey 2.0 is complete and all materials have been submitted to Github. From this day forth, the TRON community will be able to download and run TRON’s official mainnet Odyssey 2.0 on the TRON Github page.”

With the latest update, however, prices have risen rather than dropped.

Sun has confidence that TRON will become one of the top ten tokens in the cryptocurrency market within the next six months. In an interview with Investopedia, he offered:

Since I founded TRON in September 2017, the company has delivered a series of achievements, including the Mainnet launch in May 2018, network independence in June 2018, and the TRON Virtual Machine launch in August 2018. We are one of the fastest developing blockchain projects with a hard-working team that makes delivering results the status quo, which constitutes a large part of our success.”

Related Articles

CBDC adoption: Russia enters final phase to test digital ruble

Russia is in the final phase of testing a central bank digital currency (CBDC), which will be used for both national and international...

What exactly is DeFi? Decentralised finance explained

DeFi is a set of technologies that enables people to manage their funds on a peer-to-peer basis and it's changing the way money can be used.

Expansion: Coinbase will be launching in the Netherlands

As part of its global expansion, Coinbase has announced that it has been granted regulatory approval from the Netherlands' national bank.

Is Bitcoin better than retail estate as an investment?

According to MicroStrategy CEO Michael Saylor, Bitcoin presents a much better long-term asset than property.

See All