TRON (TRX) Rises 2.76 Percent While Others Stay Red
TRON rose 2.76 percent in the last 24 hours while most of the other cryptocurrencies are in the red.
The cryptocurrency is now being traded at 0.079596 USD with a market cap of 5,233,286,695 USD. Its performance can be accredited to the upcoming Mainnet launch which has been mustering quite a lot of attention from the community now.
On 31st of May, the TRON Foundation would be launching its Mainnet, marking an important moment in the whole crypto community. It would be releasing its virtual machine, TronVM, on 25th May 2018, which would be compatible with the Ethereum virtual machine. This would allow dApps which run on Ethereum to easily work on TRON’s Mainnet without facing any difficulties.
The Mainnet promises 10,000 transactions per second which is quite an improvement compared to Ethereum, which can only manage to handle 15 to 20 transactions per second.
Ethereum has quite a lot of problems when it comes to scalability which the developers have been complaining about. The team behind Ethereum have been working hard to find solutions to these problems. However, it seems like TRON would be coming out as a winner when it comes to scalability.
In a tweet, TRON Foundation informed users about the compatibility of its virtual machine with Ethereum’s virtual machine:
“TronVM v.0.1 will be launched on May 25. This version will be fully compatible with the Ethereum VM. All Ethereum developers will be able to use an adapter to migrate seamlessly from Ethereum dApp projects to #TRON. We will offer a reward program, stay tuned!”
The Mainnet launch event would be live-streamed on 31st May 2018 at GMT+8, thus ensuring that the community stays informed second after second about what is going on in the event.
If the cryptocurrency continues growing strong, it might actually realize its ambitions of becoming a bigger cryptocurrency than Ethereum is. The team is taking great measures to ensure that this happens. It has a reward program in place along with multiple other promotional activities to attract developers—especially the ones working on Ethereum.