The value of TRON (TRX) shot up more than 10 percent on Monday, October 8, in what was a quick response to Justin Sun’s announcement which claimed the new update outperforms Ethereum based on speed and beats EOS on cost.
Justin Sun, CEO and founder of TRON has been fairly bullish on the prospect of TRX in the crypto market in the past few days. Just recently, Sun predicted the TRX to displace a few cryptocurrencies and to force its way into the top 10 ranking of the largest cryptocurrencies by market capitalization, within a few months.
Background developments and updates might have fueled the bold statement, as Sun reveals the latest version of TRON.
Odyssey 3.1, TRON’s new version, has been scheduled to go live on Sunday by 8 pm GMT, due to “community consensus,” Sun conveyed through a subsequent tweet.
Changes incorporated into the new version features the launch of the TRON Virtual Machine which is supposed to play a key role in the many advancements that the token is set to show. TRON Virtual Machine has been designed to ensure developers have the opportunity to test smart contracts prior to when they are transferred to the mainnet.
Sun believes the imminent launch is set to kick-start an ‘era of smart contracts,’ and a new period of possible dominance for the TRX token.
“The TRON Committee function & (Tron Virtual Machine) will go live, marking the start of the Smart Contract Era,” he tweeted, then continued emphatically:
“TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you!”
Justin Sun’s prediction about a possible boost in TRON’s fortunes might not be far off in the real sense if TRON’s recent investments and consistent developmental projects were to be considered. TRON’s favored ‘Project Atlas’ is still garnering the attention it deserves, as the company continues to leave its mark on the crypto space.