• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Breaking News: Breaking: Bitcoin Breaks Above $24,000 For The First Time In 2023
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Breaks Above $24,000 For The First Time In 2023
Tron main net features
Advertisement

TRON’s Mainnet is Coming Sooner than Expected — But What Is It?

Adam James by Adam James
5 years ago
in News, Altcoin News, Altcoins, News teaser
0
Advertisement

The launch of TRON’s main net has been moved up, but questions still remain as to what the pumped-and-dumped cryptocurrency really is. Finally, the project’s director of technology has some answers.


Launching Ahead of Schedule

According to Lucien Chen, TRON’s director of technology, the launch of the cryptocurrency’s main net is slated to be moved up from July 1st to May 31st. Meanwhile, its test net — which will allow for the running a full node, the deployment of customized digital assets, the sending and receiving of transactions, and voting — is still scheduled for March 31st.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

“We graded all functions according to the priority analysis of user needs,” Chen said, as reported by Reuters. “The main net launching in May will have all high priority functions. Functions with lower priority will be deployed later in the form of version upgrades.”

Triple-Decker

Since TRON’s monumental run up at the beginning of January — which saw the cryptocurrency reach a high of $0.30 — the cryptocurrency has crashed as low as $0.02. At press time, the virtual currency is currently trading at $0.04.

Tron TRX

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

With many TRON investors having been left holding the bag, questions have arisen as to what the coin really even is. Finally, Chen has provided some answers.

According to the director of technology, TRON’s architecture has 3 layers.

The first is the storage layer. As explained by Chen:

In the storage layer, we designed Tron unique distributed storage protocol, including block storage and state storage. We introduced graph database to meet diverse needs.

Next comes the core layer, which Chen notes:

In the middle layer, we designed the modules of smart contracts, account management, consensus, etc. We have implemented a stack-based virtual machine and optimized the instruction set. In order to better serving developers to create Dapps, we chose Java as the smart contract language, followed by future support of other languages. Tron’s consensus mechanism is based on POS and some innovations in order to meet our needs.

Finally, the cryptocurrency’s third layer is the application layer, which “the developer can use the interface to easily bring about abundant Dapps and implement the wallet themselves.”

This information should not come as a surprise to anyone who’s been following the ‘it will kind of do everything’ cryptocurrency — but specific details are always welcome.

Tron

‘Killer App’

Technical details aside, cryptocurrencies looking for long-term success need a reason to use them. For TRON, this will supposedly come with the platform’s “killer app.” Explains Chen:

Another highlight of TRON is the killer app which will be launched on the main net. Not only focusing on the technology of the blockchain, TRON team also put lots of efforts on the user experience of Blockchain products.

Though Chen doesn’t provide many specific details on what exactly this “killer app” is — which falls in line with TRON’s general MO — he does provide some more tidbits which should excite the cryptocurrency’s diehards. Says Chen:

We are developing modules using zero-knowledge proof and ring-signature technologies. And we plan to add anonymous protocols into TRON’s protocol layer to meet needs for anonymity. With the expansion of TRON, we will add more new technologies based on needs of users, developers and scenarios.

While all of this is welcome news, those looking to turn a profit with TRON will likely have to keep waiting. With a circulating supply of 65,748,192,476 TRX and a max supply of 100,000,000,000 TRX, the cryptocurrency has been a playground for price manipulators — and weeks of good news have had little effect.

In order for TRON to even start sniffing at levels halfway towards its all-time high, a serious spark will be needed. Maybe the successful launches of TRON’s test net and main net will be just what the doctor ordered.

Does Chen’s information excite you? Are you invested in TRON? Have you been left holding the bag? Let us know in the comments below!


Images courtesy of Tron, Flickr/@ynnil, and Bitcoinist archives.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Adam James

Adam James

Adam James lives in Budapest and is the Managing Editor of Bitcoinist.com. He digs Gibson guitars that sound like Tyrannosauruses, Romantic & Victorian poetry, Franco-era Spanish films, LPs, Chelsea FC, Bob Dylan, Pilot G2 10s, black coffee, video games, and cryptocurrency.

Related Posts

Floki Inu

Community Votes To Burn 4.97 Trillion Tokens Of Shiba Inu Rival, Floki Inu

3 days ago
These Altcoins Could Be Ones To Watch For, Santiment Suggests

These Altcoins Could Be Ones To Watch For, Santiment Suggests

6 days ago
Aptos (APT)

Aptos (APT) Jumps 130% In 7 Days, What’s Driving The Price?

7 days ago
Polkadot Speeds Past Cardano To Become Top Crypto By Dev Activity

Polkadot Speeds Past Cardano To Become Top Crypto By Dev Activity

1 week ago
AI crypto token chatGPT

How ChatGPT Could Drive A Dramatic AI Crypto Token Narrative

1 week ago
Korean Financial Services Commission Chair Announces Security Tokens

Korean Financial Services Commission Chair Announces Security Tokens

2 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • The Premier League Welcomes Ethereum and Big Eyes Coin...

    2 hours ago
  • Why $21 Million Strong Presale Big Eyes Coin Is Here To...

    2 hours ago
  • Aave (AAVE) And FTX Token (FTT) Remain Stable, Orbeon...

    7 hours ago
  • Elon Musk Wants McDonald’s to Accept Crypto Payments...

    9 hours ago
  • North Korea Hackers Strike Axie Infinity (AXS) &...

    9 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.