Tron (TRX) is one digital currency that is known for developments. Since Tron migrated to its Mainnet, it has achieved quite a lot, from one development to another. The latest development on the list of the crypto project is its scalability solution – Sun Network. The Tron Foundation just launched Sun Network’s version 1.0 today. The Tron (TRX) community welcomes this development with open arms as it promises to enhance the scalability of the network.
Tron Aims to Expand the Capacity of Its Mainnet – Tron News Today – Crypto News Today
Sun Network’s V1.0 will greatly enhance the Tron ecosystem. Not only is this development designed to enhance the scalability of Tron, but it would also expand the capacity of Tron Mainnet. It is built to also integrate several scaling projects such as smart contract optimized applications, DappChain, and cross-chain communications. The CEO of the Tron Foundation – Justin Sun announced the launch of the Sun Network’s DappChain code on Twitter. In his tweet, he said:
“Among Sun Network, DAppChain is a side chain scaling project designed to provide unlimited scaling capacity for the Mainnet of Tron, enabling decentralized applications to run with lower energy consumption, higher security and efficiency on Tron.”
Two Vital Changes Sun Network V1.0 Brings to the Tron Network
The newly launched Sun Network would be bringing two vital features to the Tron network. The first feature is that it would support smart contract transactions with low transaction fees. It would also focus on enhancing the transaction per second (TSP) of the smart contract transactions on the Mainnet of Tron. The second feature is that sidechain supports multiple customizable requirements, such as setting transaction rates, side-chain incentives, and transaction confirmation speed.
With this initiative, the Tron Foundation might allow unlimited scalability to the Tron Mainnet. If this happens, it would pave the way for the development of more Decentralized applications as well as the ecosystem. The founder of the Tron Foundation further added that the Sun Network will actively contribute to the crypto project and the developers of the community could greatly benefit from the network. Sun also said that:
“In addition, an array of scaling projects such as cross-chain communications and DAppChain will further expand the overall capacity of the Tron network and also enhance the transaction per second and the efficiency of executing smart contract on the Tron network.”
TRON (TRX) Price Today – TRX / USD
Tron Community Welcomes This Development with Open Arms – Cryptocurrency News Today – Cryptocurrency Market Update
The Tron community seems to welcome this new development with open arms. After the announcement of the launch of Sun Network, the Tron (TRX) community responded positively. The tweet of Justin Sun got a lot of retweets and positive comments. This bullish news also helped to push the price of Tron (TRX) by about 1.5 percent in a space of one hour. Nevertheless, the price performance of Tron (TRX) has been poor over the past weeks.
Tron (TRX) has even lost its position due to the bearish pressure around the coin. Tron (TRX) was at the 10th position on the list of top digital currencies by market cap some weeks ago. The digital currency has lost that position and it’s now at the 13th position on the list of top digital currencies. TRX USD live price is $0.0201. The market cap of the digital currency is $1.34 billion. The trading volume of Litecoin over the past twenty-four hours is $474.26 million.