- Tron will be incorporating BitTorrent Speed, institutional-friendly multi-signature, launching a stablecoin with Tether, and integrating zk-SNARKS.
- Tron is currently the eleventh largest cryptocurrency in the world by marketcap.
Misha Lederman, the co-founder of IAmDecentralized.org, shared on Twitter that Tron will be incorporating four major developments in 2019. He tweets:
“Four major developments for #TRON in coming weeks & months of Q2:
1. BitTorrent Speed, $BTT
2. Institutional-friendly multi-signature & account management
3. USDT-TRON stablecoin launch on #TRX blockchain
4. Implementing privacy option for transactions”
Tron’s userbase has gained significantly since acquiring BitTorrent last year for $140 million. To improve the functionality of BitTorrent and the BTT token, Tron developers are launching an application called “BitTorrent Speed.” This will reward network participants with BTT in exchange for bandwidth and seeding.
Institutional-friendly multi-signature & account management
Towards the end of February, Justin Sun tweeted that the details of Tron’s 3.5 hard fork. Sun said:
“#TRON will launch [version]3.5 hard fork upgrade on 2/28. New Features: 1. Multi-sign[ature crypto wallets]and [account management tools], institution ready 2. Dynamic energy adjustment to real-time network performance 3. 50% up performance & res usage 4. Better virtual machines (VM) safety, events server for dApps.”
USDT-TRON stablecoin launch
Tether, the company behind USDT, is planning to launch a stablecoin on Tron mainnet. Jean-Louis van der Velde, chief executive officer of Tether, said:
“We are pleased to announce this collaboration with the Tron Foundation. This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.”
Implementing privacy options
Tron’s development team is planning to integrate zCash’s zk-SNARKS. zk-SNARKS is a privacy technology which will provide Tron’s users the option to conduct private transactions. Sun stated the following in the “Bad Crypto” podcast:
“People don’t want their privacy stored by Facebook or Google because those people can more easily manipulate the data so they can push ads to you. You don’t want to share those data with them. That’s why I think the decentralized way becomes a good way to do that and limit how much data you are required to share.”