The CEO and Founder of Tron Foundation, Justin Sun, announced the launch date for Sun Network testnet. Sun introduced Sun Network as an additional layer of decentralized architecture, designed to improve the scalability and transaction capacity of the Tron network.
In a recent tweet, Sun elaborated on the same, including the three phases of DAppchain,
“#SUNNetwork is almost here #Dapp sidechains, cross-chain infrastructures and some other expansion projects are coming! #SUNNetwork will further expand the overall capacity of #TRON network, improve the overall TPS and smart contract execution efficiency of #TRON. Stay tuned!”
Phase One: Testnet
Testnet will begin with off-chain confirmations on its sidechain smart contracts and unleash the unlimited transaction ability of Tron. It will also erase doubts concerning the capacity of the network to handle large volumes of transactions on its BitTorrent application. This will be launched on 30 May.
Phase Two: Mainnet Launch
Phase two entails DApps sidechains, cross-chain infrastructure, and other expansion products. The launch of the mainnet is scheduled for 10 August and will allow community development and participation to further the decentralized extension network.
Phase Three: Optimization
After the testnet and mainnet launch, the performance of the sidechains would be thoroughly analyzed for the next month, after which the deployment of the sidechains would be facilitated. According to CoinGape, the optimization will be part of a Sun Network update to address run time issues and improve ease of access for users.
Tron [TRX] saw a massive surge on 7 April and at press time, was valued at $0.0285, with a market cap of $1.90 billion. The 24-hour trading volume of TRX was noted to be $511 million as it slipped by 0.83% over the day. In the past seven days, it surged by 21.14% and managed to gain by 0.06% within the past hour, at press time.
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