TRON Founder Justin Sun Claims of Making It ‘200x Faster’ Than Ethereum

10. Oct 2018 Posted by Akolkar B on News

Decentralized internet protocol TRON is making some important headlines these days with the native TRX token surging by over 50% in the last one month. On Sunday, TRON Founder and CEO Justin Sun made an important announcement regarding the Odyssey 3.1 update. Simultaneously, Sun also challenged rivals Ethereum for speed and EOS on cost.

On Sunday, Sun tweeted saying: “Based on community consensus, #TRON will be upgrading to Odyssey 3.1 at 8pm SGT. The TRON Committee function & TVM will go live, marking the start of the Smart Contract Era. TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you!”

Some of the major changes include the launch of TRON Virtual Machine which will let developers test the smart contracts before transferring it to the TRON mainnet.

In an interview with Investopedia last Friday, October 5, Justin Sun shared his future vision for TRON blockchain and the TRX cryptocurrency. Sun said that his team plans to see TRON in the list of top-ten cryptocurrencies by marketcap.

However, for them to make it possible, the team needs to do more work in strengthening TRON’s decentralized application ecosystem. Sun said: “We’re aiming to complete one of our key milestones in the fourth quarter: to combine TRON and BitTorrent and create a unique and outstanding product. We will leverage TRON’s blockchain expertise to enhance the decentralized BitTorrent protocol, which has over 100 million monthly active users.”

Sun said that his team is also working on merging the TRON blockchain with the BitTorrent technology. Sun said that the BEPs [Bim Execution Plans] for both protocols are currently under review for approval. He further added: “TRON is set to surpass Ethereum on the road to becoming the world’s largest decentralized protocol. We will be delivering on these key milestones in the last quarter of this year and the first quarter of 2019.”

Sun also mentioned that they also plan to target the gaming and entertainment industry. He said: “We’ve already seen quite a few outstanding TRON dApps like BitGuild being built on or migrated to the TRON network. In the next two quarters, we expect even more developers to flock to TRON, which will boost our overall performance.”

Sun said that his team is quite dedicated towards optimizing the TRON protocol with every new iteration released. He thinks that most of the top 10 cryptocurrencies are not focused on innovating their product. He added: “TRON, on the other hand, is a young company with cutting edge technology, with much more room for growth. We are confident that TRON will surge into top 10 in the next 6 months.”