Tron (TRX) Foundation Launches Its New TVM With a Suite of Smart Contract Development Tools

In a move to increase the use and adoption of decentralized applications on its platform, Tron (TRX) just launched its new Tron (TRX) Virtual Machine (TVM). The Tron Virtual Machine was launched yesterday, August 30th. Interestingly, the TVM wasn’t the only thing that was launched yesterday, as the Tron (TRX) Foundation also launched a complete package of tools for the development of smart contracts, to meet the needs of emerging developers.

What the Tron Virtual Machine Entails

While a lot of decentralized apps are using the Virtual Machine of Ethereum (ETH) as their preferred platform, feedbacks from developers have shown that platforms such as Ethereum are no longer able to meet expected needs of developers– according to Tron (TRX) Foundation.

Nevertheless, Tron (TRX) has launched its own Virtual Machine as a move to enhance the adoption of blockchain technology and also to grow the desires of developers. The new Tron (TRX) Virtual Machine will enable developers to create their own decentralized apps, it will also allow those that have developed decentralized apps on the Virtual Machine of Ethereum to migrate to a protocol that supports their needs with lower cost, optimized speed, and higher scalability.

Tron Virtual Machine will also allow the Tron (TRX) network to appeal to several industries and apps – including social networking, gaming, finance, and content distribution. Also, the Tron Virtual Machine will showcase a lot of features including:

  • Optimized compilers to improve overall performance
  • A high speed of 2,000 TPS and 3-second block times
  • The ability to implement trading, voting, and freezing in smart contract codes
  • A new resource manager
  • A new database to support the use of blockchain
  • Java – a programming language – to let developers that develop non-blockchain apps to integrate blockchain technology using the network of Tron.

TRON (TRX) Price Today – TRX / USD

Name Price24H (%)
Bitcoin (BTC)
$5,247.00
-1.29%
TRON (TRX)
$0.024685
-5.15%

Tron TRX is currently worth $0.0250 after an increase of about two percent over the past twenty-four hours. The current market cap of the digital currency is $1.64 billion and its trading volume over the past twenty-four hours is $116.14 million.

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