Tron’s New Network Is Going Live This Week

Must Read

Phuck Coin – Opens the PHUCKS Store

There’re numerous problems and challenges the world is currently facing. A lot of efforts have...

Razor Shark

If you are looking to take a bite out of a shark-themed online game, then hopefully this...

Sunday Market Analysis from Trendtracers

BTCUSDT. First impression is bearish, there seems to be yearly support at around 28k, We’re expecting more...
- Advertisement -
Earn Free Bitcoin

Blockchain platform Tron’s founder, Justin Sun, announced that the first version of the Tron (TRX) scalability solution called “Sun Network” will be released on Aug. 10, in a tweet published on Aug. 4.

100x scalability for the Tron blockchain

In his tweet, Sun claimed that the first version of the network will allow for 100x scalability and the building of decentralized applications on sidechains. 

According to the Sun Network’s official website — to which Sun’s tweet linked — the new sidechain system will feature free transactions, 100 times lower fees, decentralized application (DApp) support and faster transaction confirmation.

Furthermore, the Sun Network will also allegedly allow for longer smart contract execution times, and interchain withdrawals and deposits. According to another section of the aforementioned website:

“Sun Network is also designed to provide unlimited capacity for TRON main network to support the growing number of transactions.”

As  reported at the end of July, in its latest rankings, the Chinese CCID Research Institute put Bitcoin (BTC) in eleventh place on a list of 37 digital currencies in terms of technology, while placing Tron third.

In April, blockchain development company Lightning Labs announced that it released the first alpha version of its version of the Lightning Network scalability solution for the main Bitcoin (BTC) network.

- Advertisement -
- Advertisement -

Latest News

Sunday Market Analysis from Trendtracers

BTCUSDT. First impression is bearish, there seems to be yearly support at around 28k, We’re expecting more...
- Advertisement -Earn Free Bitcoin

Earn Passive Income with Nhash Cloud Mining Services

Cloud mining services are an easy way to earn passive income online. Although...

Afri-X and DigiShares Bring Tokenization to Africa

DigiShares is proud to announce its partnership withAfri-x.com to deliver the power of tokenization to Africa. DigiShares has licensed its tokenization platform to...

Racing For Heroes selects Gen2 Technologies as a Key Technology Partner

SPARKS, Nev., April 7, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC: MNIZ) is proud to announce that it has been...

Ken The Crypto tells You How to Get the Most out of the 2021 Bull Run

The year 2021 is what people call the "Bitcoin Year", and the reason is self-explanatory. This recent bull-run has brought...