- Tron trading volume increases by 40.8% in a couple of days.
- TVM is will be compatible with EVM and later EVM.
Tron was among the few cryptocurrencies in the market trading in the green over the weekend. The support is likely to have come from the support Tron has been getting due to the exposure a couple of events due for launching today. However, the Tron price is back to trading in the negative again, besides it is down at least 4% on the day. Tron trading volumes went up in the last couple of days by 40.8% to $310,647,008. Its market capitalization remained almost stagnant at $2.4 billion in the same period.
The upgraded version of Tron Virtual Machine (TVM) is set for unveiling on Monday 30. This is an essential step for Tron Foundation as its puts together a blockchain platform with a vision of becoming the largest blockchain network in the world. Importantly, the network is expected to release a project that has come to be known as the ‘secret project.’
The TVM is expected to launch Tron as a fully-fledged blockchain project that has the ability to support the development and execution of smart contracts as well as decentralized applications (dApps). Recently, Tron Live explained via the Medium what a virtual machine (VR). The post stated:
“A virtual machine (VM) is an operating system (OS) or application environment that emulates a computer system (dedicated hardware). TVM is a virtual machine built by TRON Foundation for the purpose of making the TRON’s ecosystem bigger and better.”
Tron Virtual Machine will have support for multiple programming languages giving developers an easy time when creating various apps for different operating systems. Moreover, smart contracts built on TVM will now be ported to Tron mainnet for execution on the nodes operated by Tron Supper Representative around the world.
It is expected that Tron Virtual Machine will launch with Ethereum Virtual Machine compatibility. In addition to that, EOS Virtual Machine Compatibility will come later. At the same time, TVM has been designed in a way that it does not need fees when developing and testing apps, unlike the EVM. This feature is expected to give Tron an edge over Ethereum when it comes to dApps development and execution.
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