- Tron’s price is on the rise after gaining 47% in the last 30 days
- The zero-knowledge proofs feature has been integrated into the Tron Virtual Machine
- Tron will launch JustSwap, the alternative to Ethereum’s Uniswap
Tron News Today – Tron posted a price rise of 47% in the last month. The digital asset also posted a 24% rise in the last seven days alone. Currently, Tron’s TRX token has fought back into the top 15 digital currencies by market cap. By doing this it has left projects like Monero (XMR), VeChain (VET), and Cosmos (ATOM) behind.
One of the main reasons for Tron’s strong performance is the great news coming from the network and the Tron Foundation. Justin Sun, the CEO of Tron announced on August 14 via Twitter that Tron’s voting request number 40 (proposal number 39) has been approved at 8:00 pm, SCT.
The Zero-Knowledge Proofs Feature has Been Integrated Into the Tron Virtual Machine
The proposal reveals the implementation of the zero-knowledge proofs feature to the Tron Virtual Machine. According to Justin Sun via Twitter, as part of TRON 4.0:
“The TVM that supports the zero-knowledge proof verification is an important innovation project in the Tron ecosystem. It is a fresh milestone in the construction of Tron’s ecosystem.”
The protocol is led by TRONZ team. They creatively implemented the zk-SNARK zero-knowledge proof-verification feature in TVM. Once the proposal has been implemented, dApp developers will be able to protect user data using the strongest privacy protection ever made in the sector. This protocol will allow them to meet user privacy protection at every level and strengthen Tron’s position.
In June, TRON rounded up the public testing of its privacy protocol for smart contracts and launched the privacy protocol in July (as part of TRON 4.0). With proposal number 39, the TVM (Tron Virtual Machine) will include the zero-knowledge proofs feature.
Tron to Launch JustSwap (the Alternative to Ethereum’s Uniswap)
Additionally, Tron is currently working to make sure it competes with Ethereum in DeFi. According to Sun, Tron is working on an alternative to Ethereum’s Uniswap called JustSwap. The project will go live next Tuesday. JustSwap is the first decentralized exchange protocol on Tron that will allow users to trade TRC-20 tokens with the quick speed with no commissions. Users can earn transaction fees by giving liquidity to the exchange. Finally, the JST token, JUST’s native token (the Tron-based decentralized lending platform) has become more popular recently.
Since it began operations in May 2020, the price of the JST token has risen from below $0.007 to its current price of $0.07, which is a tenfold increase in three months. In a different development, Sun announced the expansion of Tron’s DeFi involvement recently. The sector will now include BitTorrent’s BTT token. Users can now earn BTT via yield farming on the JUST DeFi platform.