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Tron’s [TRX] Sun Network testnet goes live as Justin Sun places bet on its ‘unlimited scaling capacity’

Akash Anand

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Tron [TRX]'s latest Sun Network testnet goes live as Justin Sun places his bet on its 'unlimited scaling capacity'
Source: Pixabay

Tron [TRX], the 12th ranked cryptocurrency, has always had a foothold in the DApps department and that prowess had also led to several upgrades and additions within the company. One of the most awaited add-ons from the company was the Sun Network, touted to be the game-changer in the propagation of a decentralized internet.

On June 11, it was announced that the Sun Network testnet was officially launched, with Chief Executive Officer Justin Sun tweeting,

“#SunNetwork Testnet Has Officially Launched. The overall solution of #SunNetwork (http://tron.network/sunnetwork ) will provide unlimited scaling capacity for #TRON MainNet, bringing in more possibilities to development of TRON’s #DApps and entire ecosystem. #TRX”

The organization has claimed that the solution also aims to make a positive impact on the entire blockchain industry. The Sun network works with the framework of more community involvement, as well as improving transactions made per second and smart contract execution efficiently on Tron. Justin Sun added,

“As time goes on, lots of projects have made great progresses. We launched the TVM in October 2018. In just 7 months, nearly 500 quality DApps are running on the TRON network. TRON’s total account number reached 3,000,000. A total of 410 million secure transactions took place since the MainNet launch. Moving on, the energy-saving, highly secure and efficient Sun Network will contribute to a more active ecosystem of TRON.”

A feature that was well received by the community involved pledging assets, wherein users could use the ‘deposit’ command in the new sun-client to pledge mainchain assets on the side chain. The assets include TRX, TRC10,  TRC721 smart contract assets and TRC20 smart contract assets.

Sun had previously spoken about the mainnet launch of the Sun Network, where he stated that the mainnet would not require an upgrade following the launch. He further assured users that DApps won’t be affected, if they don’t switch to the DAppChain.

The launch of the test net generated many positive comments from Tronics who opined in unison that TRX was about to ‘moon’ soon.





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

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Justin Sun on shaking down the Internet, Coin Metrics on Kin’s blockchain activity and more

Jibin M George

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Crypto News – 26 June

Bitcoin breaches new resistances: In a sensational run that saw the coin surge by 15% over 24 hours, the world’s largest cryptocurrency breached the $12,000 mark, while also briefly touching the $13,000 mark, before falling again

Read more at https://bit.ly/2ZMkS10

Tone Vays on Bitcoin’s biggest strength: Tone Vays opined that Bitcoin’s biggest strength was the fact that it was completely “unconfiscatable” and that one’s BTC is completely safe if it is protected and secured with attention

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Tron Foundation launches new inititative: Justin Sun’s Tron Foundation announced a $20 million TRX buy-back plan to promote community activity and market stability

Read more at https://bit.ly/2X8aA9W

Joe Kernen on Bitcoin, Libra: The once crypto-skeptic, CNBC Squawk Box’s Joe Kernen is of the opinion that Libra is for corporations, while Bitcoin is for the people

Read more at https://bit.ly/31MkqSa

Bloomberg on JPM Coin: According to a report by Bloomberg, the Jaime Dimon-led institution plans to launch the JPM coin and use it for bond transactions

Read more at https://bit.ly/2X75DTr

Fundstrat report on stablecoins: According to a recent report by New York-based Fundstrat Global Advisors, the FS CryptoFX Stablecoin index fell by a whopping 21 percent against BTC, with Gemini outperforming Tether [USDT]

Read more at https://bit.ly/2X5qPJw

BitGo’s latest collaboration: Bitcoin IRA has announced that it will be teaming up with BitGo to launch crypto-retirement accounts insured for $100 million

Read more at https://bit.ly/31UvjBz

 





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