Altcoins July 17, 2018 Daily Hodl Staff

Tron (TRX) Says Crucial Virtual Machine Is on Track for Launch, Built to Trigger New Wave of Decentralized Apps

Tron founder Justin Sun has confirmed the platform’s virtual machine is on schedule and ready for launch. According to Sun, developers can “expect the official TVM version on July 31(UTC+8) which will mark the start of a high-performance, decentralized ecosystem.”

Tron has also integrated a countdown clock for the launch on its new website.

The virtual machine essentially gives developers a sandbox they can use to create decentralized apps that read and execute smart contracts on the Tron network.

Tron says it will be easy for developers familiar with Ethereum’s virtual machine to create and port a wide variety of DApps.

“TVM is able to be compatible with EVM environment in the beginning, so that instead of learning a new programming language, developers can develop, debug and compile smart contracts in a Remix environment with Solidity and other languages. Once you’ve built and uploaded your smart contract to TRON’s mainnet, it will be executed on the TVM of the SR node to be isolated from external connections.

Furthermore, TVM employs the concept of Bandwidth. Different from the gas mechanism on Ethereum’s EVM, operations of transaction or smart contracts on TVM are free, with no tokens consumed. Technically, executable computation capacity on TVM is not restricted by total holding of tokens.”

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Tron is hoping to convince developers to create on the new Tron blockchain with a loan program and is promising a much faster network compared to Ethereum.

Ethereum is currently the king of decentralized apps with at least 1,700 projects built on the platform, according to State of the Dapps.