An upgraded version of Tron Virtual Machine [TVM] is scheduled to be launched on 30th July. It includes improved accessibility and security in order to support the efficiency in developing smart contracts. Tron officially launched the test version of the Tron Virtual Machine on 25th May 2018 [Beijing Time].
It is said that TRON will set up a ‘middle layer’ to accommodate virtual machines for Ethereum and EOS subsequently.
What is Tron Virtual Machine?
A virtual machine is a program that works as a virtual computer which runs on the operating system of the host and presents virtual hardware to the guest operating systems.
Tron Virtual Machine is a lightweight, Turing complete virtual machine. Turing machine is a mathematical model of a hypothetical computing machine which uses a predefined set of rules to determine a result from a set of input variables.
It is developed for Tron’s ecosystem and is aimed at equipping developers with custom-built blockchain system which is:
Tron Virtual Machine and Ethereum Virtual Machine, the difference
The Ethereum Virtual Machine [EVM] centers on providing security and executing untrusted code by computers all over the world. This project by Ethereum focuses on restricting Denial-of-service [DOS] attacks, which have become prevalent in the cryptocurrency world. EVM shields the main blockchain by allowing developers to carry out test phases of their programs in a real use-case environment without modifying the main blockchain.
EVM employs the internal unit for keeping the record of execution cost and is called ‘Gas‘, which is the cost unit of Ethereum network, paid solely with Ether.
The Tron Virtual Machine [TVM] applies the theory of Bandwidth. Unlike the gas mechanism on Ethereum’s VM, transactional operations or smart contracts on TVM are free, with no tokens consumed.
How does TVM work?
Working of TVM is interpreted as mentioned:
- TVM is compatible mainly with Solidity.
- The virtual machine processes data through opcode, which corresponds to logic processing on a stack-based finite sate machine.
- TVM leads blockchain data and requests External Data Interface through the Interoperation layer.
How does EVM work?
EVM implementations include:
- Parity-Ethereum: Parity-Ethereum’s aim is to be the fastest, lightest, and most secure Ethereum client. Parity-Ethereum is developing the sophisticated and cutting-edge Rust programming language.
- Go Ethereum: Official golang [programming language] implementation of the Ethereum protocol.
Tron Foundation, on their Medium blog, has mentioned about the updates that they plan to bring regarding the TVM:
“Tron is planning to further optimize its TVM based on WebAssembly (WASM). WebAssembly, spearheaded by Apple, Google, Microsoft and Mozzila, is designed to break bottlenecks of current Web browsers and can be generated through compiling C/C++ and other programming languages.”
At the time of writing, Tron [TRX] is ranked at the 11th position on Coinmarketcap and has a market cap $2 billion with the price at $0.034. The coin has seen a drop of 2.77% in the last 24 hours. Tron investors are still awaiting a hike post the MainNet and coin burn events.
Rahil Patel, a crypto enthusiast and a Twitter user commented:
“Investors money is been applied in buying virtual machines thats why trx is been sliding down right.”
TronMooon, an investor and a Twitter user commented:
“When the secret project announcement?”
TomTronix, another Twitter user commented:
“Price still going down and down, even though BTC is doing great at the moment.”
CryptoGain, another Tron investor commented:
“How did we go from 900 to 450. Everyone is dumping. TRON will be 200 sats soon. I’ve been holding since December.”
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Bitcoin SV surges by 6.84% in an hour; community speculates massive behind-the-scenes pump
The cryptocurrency market has witnessed major price hikes over the past few weeks, with Craig Wright’s Bitcoin SV emerging as the market’s unlikely performer. The Craig Wright-backed virtual asset, which is supposed to follow Satoshi Nakamoto’s original idea, outperformed every top 10 cryptocurrency over the past week, recording a growth rate of 22.86%.
At press time, the coin had recorded a price hike of 6.84% over the hour, with the coin valued at $228. The coin was traded the highest on CoinBene exchange, where the trading pair of BCHSV/USDT gathered a volume of $96 million. The exchange was closely followed by ZBG exchange, where the trade accounted for 13.62% of the entire trading volume.
According to the chart released by Trading View, a massive green candlestick can be observed. The chart also indicated that at press time, the candles were charting over the Moving Average [MA]. This suggested that extremely high trading volumes were pegged with Bitcoin SV.
Many in the community have speculated that the surge might be due to a massive dump of the coin in the market, after the token hit stagnation since pumping by more than 247 percent recently. The aforementioned price pump pushed the price of the coin from $53.22 to $250.
Previously, it has been suggested that the major pump witnessed within the Bitcoin SV ecosystem might be laden with market manipulation, implying the participation of illicit entities in the conduct of a “pseudo-pump” of BSV’s market. Further, the de-listing of BSV by major exchanges such as Binance may have made it more susceptible to sudden price movements, according to some.
At press time, Bitcoin SV was positioned 8th on the cryptocurrency charts. Despite the pump however, historical trends suggest a major price correction may be in the offing too.
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