Tron (TRX) is the only cryptocurrency in the top 20 that’s trading in green as it continued an upward trend following positive cryptocurrency news from its founder. Justin Sun, the founder and CEO of TRON announced the roadmap for Sun Network which will expand the capacity of TRON blockchain. Digital asset investors have responded positively to this cryptocurrency news even as top cryptocurrency analysts are predicting a breakout for TRON.
Justin Sun reveal Roadmap for Sun Network Expansion Plan
On Monday, April 8, Sun published a roadmap for expansion plan of its second layer scalability solution dubbed “The Sun Network” on the company’s blog. The infographic described briefly the key terms associated with the expansion plan and also revealed the timeline for launching the various phases of the Tron’s Sun Network.
The Sun Network will Expand and Improve Tron Mainnet
Tron successfully conducted its mainnet launch last year and also migrated its TRX tokens from Ethereum to the Tron Mainnet. But the Tron mainnet launch was only one phase of the Tron roadmap which describes milestones the Tron network hopes to achieve.
The Sun Network is one of the major milestones in Tron Network roadmap. Though the Tron mainnet launch provided capacity and transactions speeds superior to ethereum, scalability solutions like the Sun Network will further increase the speed, capacity and other features of the Tron mainnet.
“…the Sun network plan includes dapp sidechains, cross-chain infrastructure, and some other expansion projects,” Sun wrote to the TRON community. He explained that the project will further expand the overall capacity of the TRON network beyond what was available at the TRON Mainnet Launch. In addition, the Sun Network will improve the TRON Mainnet throughput as well as the efficiency of smart contracts deployed on the network.
Introducing TRON DAppchain
Part of the TRON blockchain expansion plan is the expansion of its capacity for Decentralized Apps (DApps)—the core of the TRON network. Tron currently boasts some of the most active DApps and hopes to do more with BitTorrent which it acquired last year.
Sun assured that Dappchain will significantly increase the capacity of Tron’s Dapp by “adopting customizable ways to run Dapps with extremely low energy consumption, high security and efficiency”
TRON Could be Working with Ethereum on Blockchain Scaling Solutions
As Smartereum reported yesterday, the price of Ethereum’s ETH and Tron’s TRX spiked when Justin Sun hinted at a future partnership with ethereum. The notion of a partnership between the networks is unexpected because of the obvious rivalry between leaders Justin Sun and Vitalik Buterin.
However, developers of both networks could work together to develop blockchain scalability solutions which could involve sidechains and cross-chain options. Yesterday, Justin Sun further hinted at an industry-wide collaboration as he said:
“…Sun Network plans to closely follow the industry’s cutting-edge development, and help fully develop TRON’s ecosystem”
Tron Price Continues to Surge following Sun Network Announcement
If a possible partnership with Ethereum helped lift TRX prices yesterday, the news of its blockchain expansion has maintained that surge albeit moderately. Yesterday it extended its growth from 6 percent to about 8 percent as digital asset investors reacted to a possible TRX-ETH partnership.
Since the announcement of Sun Network yesterday, TRX has risen by more than 3 percent in stark contrast to the rest of the market which is correcting downward.
Tron TRX Price Today
At the time of writing, 1 TRX to USD is $0.029 and the market capitalization is on the cusp of $2 billion.
Tron (TRX) Headed for Major Breakout – Tron Price Prediction 2019
Peter Brandt, one of the most prominent technical analyst of traditional assets as well as cryptocurrency hinted at a breakout for Tron (TRX) in a message to digital asset invests that follow him.
He tweeted, “Don’t normally follow the alts, but nice chart patterns are always worth a mention $TRON” along with a chart of TRX that suggests a breakout soon.
In response, a digital asset investor following Brandt exclaimed “ready to pop!”
The Sun Network is expected to begin in May with a Testnet while the official launch is slated for August 10 and the final phase which is optimization is scheduled for mid-September.
Solomon Sunny is the market reporter for Smartereum, one of the global leaders in Ethereum, blockchain and currency news. He produces technical price updates on digital currencies and writes recent developments about blockchain.