Tron Launched Virtual Machine With Smart Contract
In a twitter announcement, Justin Sun informed the Tron community that the Tron Virtual Machine will be activated on the 8th of October. He also added that the TVM will usher in a new era of Smart Contracts on the Tron Network.
Tron’s supporters and investors believe that the Virtual Machine will offer a major up-grade in throughput for decentralized applications. In a tweet celebrating the launch, Tron founder Justin Sun said “TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS.” Tron’s founder also stated that the leading projects un the industry are not willing to continue their development whereas Tron is ambitious and has a lot of opportunities.
Following the news, Tron on Monday appreciated 12 percent against the US Dollar to restest August high near $0.028.
Tron has regained its September’s high near $0.027 following the latest uptrend and is now in the process of adding more dollars to its market cap. The TRX/USD has already broken above the August high of 0.028-fiat by a small margin and owing to the funda-mentals that are still fresh; the pair could see more long entries on higher highs.
The market has been very active for the last week due to Binance announcement that it will make new cryptocurrency listing fees transparent and donate 100 percent of those fees to charity and the fact that ShapeShift and Bitfinex refuted all the accusations of money laundering.
Earlier Bitcoin and Ethereum presented their solutions for Network scaling as well.