TRON Foundation Makes Major Announcements
Tron News

TRON Foundation Makes Major Announcements

TRON Foundation has an array of major announcements for its users.

To begin with, the name of TRON’s mascot has been announced. In a recent tweet, the foundation informed followers that the mascots now have their own names. The bigger mascot is called Tronbeary while the smaller one is called LilTronbeary.

While some users found it cute and adorable, some users found the two pretty scary.

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The names weren’t a big hit in the community either. A Twitterati expressed his dislike by saying:

Another Twitterati joked about selling his coins:

Justin Sun, the Founder and CEO of TRON Foundation, tweeted that the mainnet accounts have surpassed 500,000 in just 113 days since launch.

This is a big news for the supporters of the cryptocurrency. Justin also announced that TRX would be available to be stored on Morph Wallet. Morph Wallet is a secure multi-currency digital wallet which is one of the few digital wallets which are trusted in the industry as of now.

Changehero.io has announced that it would allow users to trade TRX for free for three days henceforth. Due to this news, it is quite possible that the announcement about TRON’s new partner is going to be rolled out soon. The freedom from transaction fees can prove quite vital in a more widespread adoption of the cryptocurrency.

The cryptocurrency’s network is now getting quite a lot of traction and is now full of projects which have the potential of completely revolutionizing the community. One such project, TronWatchMarket, recently posted an article on Medium about its updates since the soft cap was reached.

Starting off with it, the team says:

“As planned, we started development of TronWatch Market the day after reaching softcap. This article is a short update of what we’ve been up to in the last 12 days, and the plans for the next couple of weeks.
The first few days were spent on designing the architecture and individual components of our exchange. The following days were spent implementing basic versions for each of them.”

About the updates in Smart Contracts, this is what the team had to say:

“The most important aspect of the exchange; smart contracts manage users’ funds and facilitate trading. We are aiming to implement the smart contracts as early as possible so to allow adequate time for testing, reviews, and a code audit. The contracts for trading TRX20 tokens have been implemented, and are feature complete.
Next steps include thorough testing and optimizing energy usage to ensure interacting with the exchange is as cheap as possible, without sacrificing security. Additionally we need to add support for TXR10 tokens including the ability to purchase a discount on trading fees with TronWatchMarket tokens, support TRX20 base pairs, and create the Listing Manager and DAO contracts.”

Updates about the web interface went something like this:

“To help provide our users with a positive and reliable user experience, we have a big focus on the web interface of the DEX. We have taken influence from many of the most popular exchanges on the web and have been working on improving our design to meet both community needs and functionality.
Like with our other projects we’ve decided to use React to build the frontend. React allows us to efficiently produce the frontend while keeping a maintainable codebase. It’s important that we have proper data flows and maintain concise development patterns so that the community are able to build on the frontend. TronWatch Market uses its own bootstrapping system to build the application on the first run, also loading in the appropriate localisation data and token information.”

The blog contained a lot more information about the various other areas in which the team managed to progress.

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.