The rate of Tron’s token has increased by 15% over the past 24 hours due to the Tron Virtual Machine (TVM) launch today, October 8.
Justin Sun, the Tron founder, officially confirmed the launch date of the Tron Virtual Machine on October 8. In his Twitter account, he also announced that Tron would be 200 times faster than Ethereum (ETH), and 100 times cheaper than EOS.
Based on community consensus, #TRON will be upgrading to Odyssey 3.1 at 8pm SGT. The TRON Committee function & TVM will go live, marking the start of the Smart Contract Era. TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you! $TRX
— Justin Sun (@justinsuntron) October 8, 2018
The Odyssey 3.1 update provides a platform for decentralized application (dApp) developers. Now programmers can verify smart contracts in a test environment that replicates the real-life Tron Blockchain.
The Tron Virtual Machine is also compatible with the Ethereum’s virtual machine. This is done in order to attract Ethereum developers to the Tron network. Implementing compatibility with the EOS Blockchain is also being discussed.
The TRX price rose from $0,021 earlier this week to $0,028 yesterday. Now the price is about $0,026.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.