Tron (TRX) To Launch Hard Fork Upgrade With Four Live Changing New Features - Today's Gazette - Cryptocurrency, Bitcoin News
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Tron (TRX) To Launch Hard Fork Upgrade With Four Live Changing New Features

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Tron (TRX) To Launch Hard Fork Upgrade With Four Live Changing New Features

Tron (TRX) blockchain technology is relentlessly clamoring for a free and decentralized internet system and it is doing so even beyond its comfort zone.

The world ranked 9 largest blockchain technology by market cap, Tron (TRX), has today declared the imminent initiation of an hardfork of its network with 4 mind blowing new features that will surely promote the struggle for a decentralized internet.

Founder Justin Sun in a tweet announced that Tron (TRX) would on February 28, 2019 release its 3.5 harfork upgrade which will come along with four new features that will serve as an upgrade for the blockchain network.

The new features, according to Justin Sun include:

  • Multi signature and account management
  • Dynamic energy adjustment to real time network performance
  • 50% performance upgrade from the present level
  • A superior virtual machine safety and event server for dApps.

Multi Signature And Account Management

Multi-signature upgrade implies a situation where a blockchain network requires more than one authorization to validate transaction, thereby adding to the security of the blockchain when executing transactions. The multi signature helps to create a form of division of labour in performing transaction.

A normal, transaction on Bitcoin makes use of single-signature. As such, the development would place Tron (TRX) a step ahead of Bitcoin in the crypto sphere.

Justin sun, in another tweet noted that the upgrade, in conjunction with BitGo collaboration will surely create a safe landing for Tron (TRX) in the space and likewise make Tron ready for any challenge.

Dynamic Energy Adjustment To Real Time Network Performance

Dynamic Energy Management is a system designed to adjust energy based on what is required from the demand side. The approach enhances energy efficiency on a blockchain network.

While large energy consumption is one major concern for blockchain technology, the introduction of this new feature will help Tron (TRX) streamline its energy consumption.

Recently, Elon Musk, the founder of SpaceX, noted that one important reason Tesla would not be going into crypto business is due to the technology’s high energy consumption which negates the company’s vision.

50% Performance Upgrade

Undoubtedly, most blockchain technology wants to improve their efficiency and effectiveness in the space so as to better the services they offer. Tron (TRX) blockchain technology moved in this direction.

CEO Sun noted that the imminent hardfork upgrade would include 50% upgrade of the blockchain performance in the space. Before now, Tron (TRX) had been outstripping a number of top class blockchain networks in the space including its main competitor, Ethereum.

With the imminent 50% performance upgrade, Tron (TRX) is sure of lightening the tunnel end and beyond the sky is its limit.

A Superior Virtual Machine Safety And Event Server For Dapps.

In the decentralized economy, Tron (TRX) has placed much focus on decentralized application as well as creating a hospital environment for developers.

With the aim of providing a custom built blockchain system that is convenient, stable, secure, efficient, and scalable for developers, Tron (TRX) opted for the creation of the Tron Virtual Machine on its ecosystem, and now, it wants to built a more safety enhanced virtual machine for the developers as well as an event server for dApps.

Previously, developers in the blockchain space have been migrating to Tron blockchain technology from Ethereum and EOS network for better experience due to the sophistication and potency of Tron (TRX) blockchain technology.

The initiation of a safer virtual machine and event server for dApps is clearly a feather on the cap of the blockchain.

As the hardfork finds its way into Tron (TRX) network, in conjunction with BitTorrent and some other top notch features of the blockchain, Tron (TRX) stands a better chance in the space.

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Also READ  VeChain (VET), Tron (TRX), EOS are Gaining Today, But Pundi X (NPXS) is Leading With 10%

I am a lifetime Entrepreneur, Contributor @Thrive Global, @Oracle Times, @Coin Gape. Khalid Lawal is a lover of Blockchain technology and a junior analyst. • Hopes to be a venture capitalist one day. 

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