Justin Sun, the CEO of the TRON Foundation, reveals in a recently published tweet that the hard fork of the TRON network will be executed on February 28th. The upgrade will include multi-signature wallets, but also smaller updates to improve the security of the network.
#TRON will launch 3.5 hard fork upgrade on 2/28. New Features: 1. multi-sig and acct mng, institution ready 2. Dynamic energy adjustment to real-time network performance 3. 50% up performance & res usage 4. Better VM safety, events server for Dapps. Go! #TRX $TRX
— Justin Sun (@justinsuntron) 24 februari 2019
TRON is a platform on which decentralized applications (dApps) can be developed. From the data on the number of users that have the platform, it appears that it is officially the most used platform. For example, TRON has more users than other dApp platforms such as Ethereum and EOS.
The TRX token, the native token of the platform, is worth $ 0.024 at the time of writing and is ranked 9th in the top 100 cryptocurrencies based on market capitalization. However, Sun is not concerned with the value of the token. During an interview with TheStreet, Sun said it is “not bad” that the value of his cryptocurrency is so low:
Most [legitimate blockchain] companies are focused on creating a feasible use case and informing the market.
In addition, Sun said that the crypto market needs clear guidelines to be applied by all countries in the world. According to him, this would ensure “legitimacy and stability” on the market, since “they give people the confidence that they will not be scammed”.
The TRON Foundation is actively expanding both the TRON network and the activities of the blockchain company. So last year it bought the torrent client BitTorrent and held a token sale on Binance Launchpad for this new platform.
Whether TRON will ever succeed in overtaking its rivals, EOS and Ethereum, on top 100 cryptocurrencies remains to be seen. It remains an interesting project to keep an eye on because of the rapid development of the platform.