TRON Announces Switch From Ethereum To Its Own Blockchain
TRON cryptocurrency, which ranks 10th by market capitalization, disengages from the Ethereum network and is starting to operate on its Odyssey 2.0 blockchain whose testing started on May, 31.
In June, specialists will be setting up browsers and wallets. In the period from June 21 to June 24, all TRON holders will need to transfer their ERC-20 tokens to the crypto exchanges supporting the transfer in order to get the same TRX number on the new blockchain.
Justin San, founder of TRON, stated that the experts did a great job and applied best practices to create the main network with improved scaling, commercialization, and access to the development of decentralized applications.
TRON acted only as an ERC-20 token in Ethereum network, and the price for TRX has been rising steadily. The price for cryptocurrency was rising in a context of conversations about launching its own blockchain. According to CoinMarketCap, in recent days the TRON price has fallen from $0.076 in terms of indicators on May 27 to the current $0.06. The market capitalization of cryptocurrency is slightly over $4 billion.
The transfer of TRON is not the only one, the EOS cryptocurrency, which currently ranks fifth in terms of market capitalization, is also preparing to release its network software in June.