Wednesday, February 19, 2020

Tron Announces the Launch the SUN Network Expansion

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Grace Joseph
Freelance Writer, Blogger, and Crypto Enthusiast. Studied Computer Science in University and Undergoing a Masters Degree Programme in Computer Engineering Contact@ reigngracia@gmail.com

Tron, a blockchain company announced on April 8 that SUN, a second layer scalability solution for its decentralized blockchain will be expanded. As a result, it will increase the network capacity of the Tron network, increase transactions per second, and also reduce the energy consumed by decentralized applications (Dapps).

Tron Seeks to Expand the SUN Network Protocol

Per the blog post, May has been scheduled for the expansion of the SUN network protocol. It will be targeted at the expansion of Dapp sidechain and cross-chain infrastructures. The development of the dapp sidechain, for instance, will help to run dapps which do not consume a lot of energy but have high efficiency and security.

According to the publication, the aim of the expansion is to increase the network capacity of the Tron network. It also seeks to increase the number of transactions that are processed per second, and bring about a smart contract efficiency of Tron.

Expansion is Split into Three Different Phases

Therefore, the expansion has been split into three phases. Phase 1 is the Testnet and it will begin on May 30 where support will be provided for sidechain smart contracts. Alternatively, phase 2 is the official launch and it has been slated for August 10. The latter will see to the further enhancement of the characteristics of dapps.

For the third phase which deals with optimization, Tron outlined that:

Perfect the toolset, improve the ease of use, and facilitate easy deployment and rapid integration of sidechains based on the foundation of phase 1 and 2

Justin Sun Hints of a Possible Partnership With Ethereum

While speaking on the Crypto Chick podcast on April 8, Justin Sun, Tron’s CEO hinted of a possible partnership with Ethereum this year. The CEO said: “I think in the future we will even collaborate with lots of Ethereum developers and also the enterprises built on Ethereum before to make the industry better.”

Tron’s founder also stated that the SUN network will increase transaction throughput by at least 100 times. He also believes that it will help to lower the transaction fees. In another event, Sun revealed that USDT, a stablecoin backed by the dollar will be launched on the Tron blockchain on April 9.

That aside, Tron’s CEO has made headlines of late where he is either giving his opinion about the cryptocurrency market or another coin. In the case of the former, the CEO said the bear market is over for now till the next three to five years. For the latter, he noted that Binance coin is the new Bitcoin.

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