Justin Sun Announces That Tron Virtual Machine (TVM) Mainnet Will Be Completed On August 30

The Tron Foundation announced the most recent updates and release of the firm, giving enthusiasts and investors a preview of what to expect in the future. The founder of Tron (TRX) – Justin Sun also announced that the Tron Virtual Machine (TVM) Mainnet will be completed on the 30th of August.

Sun said that this will make the network more affordable and faster for Tron (TRX) users with the aim of making Tron (TRX) a backbone in the crypto industry. Sun also added that the Tron (TRX) Foundation will provide the Tronix a sandbox to enable users to come up with updates and changes in the network.

Tron Virtual Machine Upgrade Processes

The Tron Foundation also announced that the upgrade processes for the TVM will start in September. The firm has promised that the upgrades will make sure that the network is “more secure, user-friendly, stable, and will work with a fully optimized set of instructions.” The development team of TVM gave an update regarding the upgrade, saying that the network compiler optimization process has started.

This will make functions and transactions on the network easier, faster, and more streamlined. The Tron Foundation said that the launch of the TVM will enable the network to outperform Ethereum (ETH) in terms of daily transactions, which will give room for the network to become the world’s most influential public blockchain.

Tron Super Representative Campaign

The Foundation added that they will soon resume the voting campaign for the Super Representative elections while the beta version of the TVM will be carried out simultaneously.

TRON (TRX) Price Today – TRX / USD

Name Price24H (%)
Bitcoin (BTC)
$3,416.23
-5.28%
TRON (TRX)
$0.013075
-3.11%

At the time of writing, the value of Tron (TRX) is $0.0291 after a decrease of about 4.5 percent over the past twenty-four hours. The current market cap of the digital currency is $1.92 billion and its trading volume over the past twenty-four hours is $127.62 million.

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