On August 05, 2019, Justin Sun, the founder and CEO of Tron, announced the release of Sun network’s version 1.0. It’s however slated to August 10, 2019, but how well this turns to be an ultimate solution for TRX is the question.
Will Tron’s Sun Network Boost TRX?
The primary issue for any blockchain is “the scalability,” and many networks often fail to provide the promised high TPS (Transactions per second).
Tron’s new sun network version1.0 will go live soon on August 10, which is one of the most awaited plans to upgrade Tron‘s central network ecosystem. This Sun network is a scalability solution which will feature; Cross-chain communication, Dapp Chain (the smart contract app-oriented side chain), and other plans.
According to Sun, the new network will make the existing blockchain more scalable. Notably, it will facilitate 100x scalable solutions meantime enable developers to build the decentralized applications (Dapps) on sidechains.
“DAppChain is a customizable side chain expansion project related to TRON smart contracts which allow DApps to run with extremely low energy consumption, high security, and high-efficiency online operation.”
Sun network will provide free transactions, Dapp support, 100 times meager fees, & faster confirmations for transactions. While smart contract features with longer execution time, Sun network with smart contract helps support the growing number of transactions.
The official website states that Sun Network backs Tron main network with unlimited capacity and support “the growing number of transactions” on the network.
Moreover, it boasts the ability that DappChain smart contract transactions will now be able to increase the transaction’s maximum execution by ten times or more from 50 ms, henceforth supporting intricate intelligent contract transactions.
#SUNNetwork will release version 1.0 on August 10th as one of #TRON’s 100X scalability solutions. The V1.0 will allow Dapp developers to use 1.0 code to build their side chain and TRON to build a Dapp chain. BUIDL! Slowly but surely! $TRX Check: https://t.co/2Xgmsf4R25
— Justin Sun🌞 (@justinsuntron) August 5, 2019
What’s Next for Tron?
Looking at the history of Sun’s promises till now, critics say, there’s a room for doubt towards the success of Sun network V1.0. However, if it does perform correctly and as planned, it might open a new way for TRON.
Subsequently, Sun Network Version 1.0 will use both; DPos mechanism for correctness on the sidechain and transaction consensus. Smart contracts on the main network, as well as a side chain, will enable users the deposit and withdrawal among different chains.
Furthermore, it’s worth to remind that Justin Sun has recently bet higher on TRON’s performance in the second half of 2019. While TRON (TRX) fell out from its 10th position to 12th most significant spot in terms of market capitalization, Justin sun says that TRON will be amazing in the second half of 2019.
At the press time, TRX is trading in a red figure of 2.70% over the past 23 hours with the value of $0.0219 against US Dollar. The current market cap of Tron stands at $1,461,797,141. Let’s see how things unfold for the Sun-led cryptocurrency as the Sun Network launch gets closer.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.