Justin San: TRON To Run 200 Times Faster Than Ethereum
The representatives of TRON, a decentralized platform, will establish a new “Smart Contract Era” by launching the TRON Committee function and the TRON virtual machine (TVM), Justin Sun, the head of TRON, shared the information in his Twitter.
According to the platform’s CEO, the Odyssey 3.1 update will allow the platform to operate 200 times faster than Ethereum, and, besides, it will offer 100 times cheaper operations with TRX tokens in contrast to EOS.
According to CoinMarketCap, the cost of the TRX token, issued by the TRON, went up by 8% on October 9. As the executive director stated, his project will outperform Ethereum in terms of quality and transaction prices, which are considerably lower than those offered by the competitor.
Odyssey 3.1 update was launched on October 8 and reached TRON's community consensus.
Based on community consensus, #TRON will be upgrading to Odyssey 3.1 at 8pm SGT. The TRON Committee function & TVM will go live, marking the start of the Smart Contract Era. TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you! $TRX— Justin Sun (@justinsuntron) October 8, 2018
The presented version of Odyssey 3.1 allows developers to test smart contracts with the help of the TRON Committee even before moving them to the mainnet.
The growth of the TRX market capitalization is also gaining momentum due to information about the merger of Project Atlas with peer-to-peer platform BitTorrent, thus integrating the TRON blockchain network for better operational performance.
Considering the situation at a global scale, the rate of the TRX token has declined on the crypto market in 2018. In essence, the TRX price is currently about $0.026, while its maximum indicator reached $0.30.
As previously reported, Exodus, a cryptocurrency wallet, started trading the TRX token in the TRON blockchain network.