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Tron [TRX]’s Virtual Machine to prevent problems that plagued Ethereum Network

Ranjitha Shastry

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Tron [TRX]'s Virtual Machine to prevent problems that plagued the Ethereum Network.
Source: Pixabay

Justin Sun in the “independence day” live streaming gave updates about the new Business Union [BU] that they have just established. This Dapp has already delivered a game called the “crypto stripper“. Sun mentioned that they have plans of delivering more decentralized games in the future with their game partners like game.com.

The Tron representative mentioned the following Tron Virtual Machine attributes:

  • Architecture design: Designed in a pluggable manner, Tron virtual machine’s middle layer will be compatible with more than one Blockchain, and is compatible with the Ethereum Virtual Machine [EVM].
  • Ease of use: Tron indents to provide a comprehensive set of ideas to support developers in developing smart-contracts quickly. Tron will also publish many smart-contract libraries for developers to use. Developers can not only use specific applications but also build more contract libraries to help other developers.
  • Security: Keeping smart contracts in mind and investigating the same on the Ethereum Network, Tron has added advanced features that are intended to scan the smart contracts that the developers will deploy onto the Network so that the developers can catch the vulnerabilities earlier and prevent all the problems that plagued the Ethereum Network.

Using all these attributes, any developer can become a “smart-contract developer” on the “Tron virtual Machine”.

The official launch of the Tron Virtual machine is scheduled on the July 30th. The live stream gave the viewers a look at the optimistic future of Tron and some of the viewers placed their opinions on YouTube while watching the live stream.

Juan Lopez, a Tron independence day viewer commented on Youtube:

On Election day the coin will pump due to the Elections and voting up and buying coins to Win”

nick georgopoulos, a Tron independence day viewer commented on Youtube:



“we need to see somthing new instead of repeating same shit.”

houssem benabdallah, a YouTube user commented:

“TIME TO BUY MOOOOORE TRX.

Leen Stefess, another YouTube user commented:

“Crash i dont think tron wont crash anymore after 31 july.”





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Ranjitha Shastry is a part of AMBCrypto's News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism.

Altcoins

Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out out of 'saucer bottom' pattern
Source: Unsplash

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.

BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.

Source: TradingView

Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.

In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:



“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”

A Twitter user, @carlitosblvd123, commented:

“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”

@jigneshon, another Twitter user commented:

“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”





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