Tron launched its own virtual machine with smart contracts

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Tron launched its own virtual machine with smart contracts

Justin Sun announced the launch of the Tron Virtual Platform (TVM), which will significantly improve the functionality of the network by enabling the creation of Era smart contracts and decentralized applications.

The platform founder emphasized that the Tron (TRX) blockchain is 200 times faster than Ethereum and 100 times cheaper than EOS. In an interview, he announced the startup’s plans to enter the top 10 cryptocurrencies in the next six months. According to him, many leading projects are not interested in integrating innovations and are outdated, and Tron is full of ambitions and has enormous opportunities..

The innovation had a positive impact on the rate of the coin, increasing it by 12% for a short, but subsequent correction prevented it from taking the desired 10th position. A series of positive news from the crypto industry, such as Binance’s announcement of donating all listing proceeds to charity, denials of accusations against them by ShapeShift and Bitfinex, and others, have led to a revival of the market and recovery of many coins.

Formerly Bitcoin Developers and ethereum presented new solutions for network scaling.

text: Ivan Malichenko, photo: Pixabay