- Tron trading volumes, price and market capitalization all on the rise ahead of TVM mainnet launch tomorrow.
- “We are very excited to release the mainnet version of TVM. This technology will empower developers to build better applications,” Zhao, Head of Tech at TRON.
Tron has slowly become the go-to platform for decentralized internet infrastructure. The network has been a beehive activities and especially developments since the mainnet launch. The selloff in the market has not slowed down the team. However, Tron price is gaining traction following the recent dip below $0.020. At present, the asset is trading at $0.026 and is up 4.57% in the last 24 hours. The trading volumes are back above $100 million after dropping to as low as $82 million last week. Tron market capitalization is also on the rise and is currently at $1.7. It won’t be surprising to see the asset make it back in the top 10 bracket in the near future.
Tron Virtual Machine (TVM) launch
Tron Foundation is ready for the launch of TVM on August 30. According to a press release the worldwide computer comes “with a suite of smart contract developments tools.” Developers will now be able to write smart contracts that will execute on Tron mainnet. A section of the press release reads:
“TVM will enable developers who already built dapps on EVM to seamlessly migrate to a protocol that can support their needs with optimized speed, lower cost, and higher scalability. Furthermore, TRON uses Java, a commonly used computer-programming language, which will allow developers who already built non-blockchain applications to easily integrate blockchain technology using the TRON network.”
Some of the key features of TVM include optimized compilers, high speed transactions (2,000TPS) and 3s Block Times. Developers have the ability to integrate functions such as freeing, voting, trading in their smart contract programs. It also comes with a new database that supports blockchain uses while respecting performance requirements, no high gas fees among other incredible features. The Foundation is very delighted to officially launch TVM and a comment from Zhao, Head of Tech at TRON says:
“We are very excited to release the mainnet version of TVM. This technology will empower developers to build better applications, allowing more people to access blockchain technology. This significant step in TRON’s development will boost the growth of our ecosystem, facilitate with expansion into more industries, and reinforce our position as the leader in the blockchain and cryptocurrency industries.”
Share
