TRON, which one of the largest crypto-platforms is planning great developments in the second quarter of the year. The platform intends to add new upgrades and tools to increase the blockchain’s functionality.
Misha Lederman, the CEO of IAmDecentalized highlighted the significant developments that will be coming in the Q2 this year.
Really looking forward to BTT as a HODL through the next 🐂🐃 run.
With @justinsuntron as their founder and his growing influence, BTT should appreciate nicely.
Not to mention #AvocadoGang.
— Crypto King (@JBTheCryptoKing) March 20, 2019
As emphasized by Misha Lederman, TRON aims to speed up BitTorrent, boost Institutional-friendly multi-signature & account management, USDT-TRON stablecoin launch on TRX blockchain, and implement a privacy option for transactions. Additionally, a few days ago, TRON announced the launch of TRX’s layer two solutions that will better scale the daily transactions on TRON’s network.
It is worth noting that Lederman who’s well-known to be a great supporter of TRON network revealed that these major developments would be launched in the coming weeks and months of Q2 in 2019.
The Launch of BitTorrent Speed and Multi-Signature Wallets
TRON acquired BitTorrent in 2018 for $140 million (allegedly), but the platform’s user base may have boosted sporadically as its p2p file-sharing solution now has more than a hundred million users worldwide.
To enhance the existing functionality of BitTorrent and its new token, BTT, TRON aims to launch the “BitTorrent Speed,” which is an app that helps to reward BTT’s network contributors that provide seeding.
The CEO of TRON’s network, Justin Sun, stated on his official Twitter page on Feb 24th that the following updates will be added to TRON’s Version 3.5:
- Hard-fork upgrade ( which is already done)
- Multi-signature wallets
- Significant adjustments to real-time functioning of TRON’s network
- 50 percent performance efficiency
- Enhanced safety of TRON’s Virtual Machine
Subsequently, Sun also explained in a video on Twitter concerning Tron’s collaboration with Tether to develop a USDT Token based on TRON’s network which gives “TRX holders a new way of value storage, provides dApp users a new way to play [or access] dApps, and increases legitimacy with institutional investors.”
The Release of Layer 2 Solution – Sun Network
TRON also plans to introduce web 4.0 for scaling up its network process. The main head behind Tron recently tweeted:
#TRON will release the detail of #Sun Network soon! #SUNNetwork is our layer 2 solution to achieve 100X scalability. #TRON’s dapp usage is poised to scale from the current millions to hundreds of millions after launch. GO #TRX and #BTT! #BitTorrent #BTT #TRX
— Justin Sun (@justinsuntron) April 3, 2019
One thing is clear: TRON aims to boost its network is in tandem to overtake its contenders in the crypto-space. Before this event, Sun spoke on the development to add more users to TRON’s network, which is part of the new method introduced by TRON to add to BitTorrent. Sun in his words stated this during the integration of BitTorrent.
“We are currently working on a new live/social media app and looking for ways to integrate BTT on it! By doing that we aim to empower a new generation of content creators to distribute their content without a middleman and offer a very authentic channel for the fans to connect with their idols and the content creators with their audience.”
Image courtesy of Pixabay.
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