Tron (TRX) Surges Higher After the Launch of Tron Virtual Machine

Tron (TRX) – one of the most popular digital currencies in the crypto space – has seen an increase of more than twenty percent over the past seven days. The digital currency sees the bright side right after the founder and CEO of Tron (TRX) Foundation – Justin Sun – launched the Tron (TRX) Virtual Machine (TVM).

TRON (TRX) Price Today – TRX / USD

Name Price24H (%)
Bitcoin (BTC)
$12,643.00
11.60%
TRON (TRX)
$0.038799
-0.95%

At the time of writing, the digital currency is trading at $0.0262 after an increase of about two percent over the past twenty-four hours and an increase of twenty percent over the past seven days. Tron (TRX) currently boasts of a market cap of $1.72 billion and its trading volume over the past twenty-four hours is $113.01 million.

Tron (TRX) Is One of the Highest Gainers in the Past Week

Tron (TRX) is one of the highest gainers in the crypto market in the past week alongside EOS, NEO, IOTA (MIOTA), VeChain (VET), Dogecoin, Dash, and Monero [XMR].

The Tron (TRX) Foundation has been working towards the enhancement of its ecosystem. The fundamental goal of the Foundation has been to “decentralize the web.” Also, the Foundation recently acquired the world’s largest torrent platform – BitTorrent.

Tron (TRX) to Outperform Ethereum (ETH)

Justin sun also claimed that Tron (TRX) will outperform Ethereum (ETH), and the recently launched Virtual Machine of Tron (TRX) is totally compatible with the Virtual Machine of Ethereum (ETH). This will enable Dapp developers to migrate their Dapps from the blockchain of Ethereum to the blockchain of Tron TRX.

The new features of the Tron (TRX) Virtual Machine are going to be launched by the twenty-seven elected Tron Super Representatives. To launch the TVM features, a Super Representative will have to make a proposal that will include the signature of all the Super Representatives.

This will then require the vote of 66 percent of the SR for the proposal be considered valid. According to the Tron (TRX) Foundation, these SRs will be representing the entire Tron community.

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