Tron (TRX) Publishes Its Weekly Report after the Launch of Tron Virtual Machine

On the 6th of August, the Tron Foundation published its weekly report which contains details of all the developments and upgrades that took place on the network of Tron (TRX). The CEO and founder of Tron (TRX) – Justin Sun said that the firm has been making enormous strides in making sure the implementation of the future projects will be completed soon.

The Projects Completed on the Network

The firm has said that the launch of the TVM (Tron Virtual Machine) was indeed an enormous boost and the timely launch also helped it achieve lots of product goals. The Virtual Machine of Tron is compatible with the Virtual Machine of Ethereum, and developers can migrate from the platform of Ethereum to the platform of Tron for “almost zero fees.”

The decentralized application ecosystem of Tron is divided into three categories: Engine Tools, Development Tools, and Third-Party Tools.

Ongoing Project in the Network

The Tron Foundation also said that the TVM will be enhanced with ETH addition of more features such as receipt verification and central processing unit deductive logic. The firm has also stated that the Tron platform will also include Dynamic changing resource ceiling and also smart contract Application Programming Interface add-on.

Activities in the Tron Community

The firm stated that the online store opened for flash sales on the 30th of July. According to the report, Tron started collecting videos related to the Independence Day of Tron ant the TVM releases on Facebook on the 28th of July.

On the 30th of July, the firm held an activity on Twitter and Facebook where users could amass points by inviting others to follow Justin Sun on Twitter. The report also shows that on the 31st of July, the Tron Foundation launched the Atomic wallet which would enable the trading of Tron (TRX) tokens.

TRON (TRX) Price Today – TRX / USD

Name Price24H (%)
Bitcoin (BTC)
$3,364.05
-2.24%
TRON (TRX)
$0.013190
1.08%

Tron (TRX) is presently trading at $0.0295 after a decrease of about 2 percent over the past twenty-four hours. The current market cap of Tron (TRX) is $1.91 billion and its trading volume over the past twenty-four hours is $114.76 million.

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