TRON (TRX), one of the leading platforms for developing decentralized applications (dApps), is reportedly going to undergo a hard fork upgrade (backwards incompatible update) on February 28, 2019.
Justin Sun, the founder of the TRON Foundation, announced via Twitter:
#TRON will launch [version] 3.5 hard fork upgrade on 2/28. New Features: 1. Multi-sign[ature crypto wallets] and [account management tools], institution ready 2. Dynamic energy adjustment to real-time network performance 3. 50% up performance & res usage 4. Better virtual machines (VM) safety, events server for dApps.
"Don't Spend A Lot Of Time Thinking About Price"
On February 13, 2019, TheStreet published their interview with the 29-year-old entrepreneur - which revealed that Sun does not think it’s “a bad thing" that cryptocurrency prices have dropped considerably from their all-time highs set in late 2017 and early 2018. Expressing views similar to many other prominent crypto industry professionals, Sun said in his interview that “most [legitimate blockchain] companies are focused on creating a viable use case and educating the marketplace about that plan.”
When asked whether he thinks the market capitalization of TRON's TRX tokens will exceed bitcoin’s market cap, Sun remarked that its development team does “not spend a lot of time thinking about how to overtake” the world’s most dominant cryptocurrency. According to Sun, his team of developers is more focused on developing solutions to real-world problems and that their commitment to creating products and services that people want to use will “naturally” help the TRON platform become more valuable.
Regulations Are Necessary For Crypto To Progress
Explaining that the digital asset space needs proper regulations, Sun noted that he’s “said all along” that cryptocurrencies need a proper set of regulatory guidelines - which should be supported by all of the world’s jurisdictions. Per the former Ripple Labs employee, regulation “brings legitimacy and stability” to financial markets - as they “give people confidence that they’re not being scammed.”
As crypto enthusiasts know, TRON's mainnet was launched in the summer months of 2018 and that the blockchain startup acquired peer-to-peer (P2P) file sharing solution provider, BitTorrent last year for $140 million. More recently, TRON's developers launched the BitTorrent token (BTT) through the Binance Launchpad. Although the introduction of the BTT token received its share of criticism from well-known members of the crypto community, it appears that the token could potentially be useful.
As CryptoGlobe reported recently, dApps are increasingly being developed on TRON and EOS - as these two newer smart contract platforms have overtaken Ethereum in terms of the number of new applications launched on their networks.