Tron: Thanks to Odyssey 3.1 we will be 200 times faster than ETH and 100 times cheaper than EOS

in #cryptocurrency5 years ago


Tron Virtual Machine

The agreement on the new Odyssey 3.1 update has been achieved within the framework of a community consensus and is designed to direct Tron and its network into a new era of decentralization through the use of smart contracts. Changes include, but are not limited to, the launch of the Tron Virtual Machine (TVM) to enable developers to test these smart contracts before they go to the TRON main network.

In addition, TVM provides seamless connectivity to any existing development ecosystem and supports the Delegated Proof of Stake (DPoS) algorithm. It is also compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily migrate to the Tron ecosystem and enable interoperability between these two networks. The above mentioned interaction between TVM and EVM aims to motivate developers to transfer their projects from the Ethereum network to Tron. The Tron also works on compatibility with the EOS blockchain.

Justin Sun: Better than Ethereum and EOS

While the recently-presented Atlas project should ensure increased decentralization based on the BitTorrent acquisition, the new update should bring better performance to the smart-contract network. As the Tron CEO said, the elements that Odyssey 3.1 brings should be reflected in the price and speed of development of decentralized applications.

Justin Sun, who has also heard that within six months, Tron will be one of the Top 10 cryptomenias, he added that the new update will ensure that Tron is 200 times faster than Ethereum, and the development of dApps will be 100 times cheaper compared to EOS . He is often referred to as one of Etherea's main competitors in the development of decentralized applications.
In his statement, he insisted that the annual cost of administering dApp is up to $ 10,000 in the EOS network. As a result, their financial development for many developers is either uninteresting or equally impossible. As far as Etherea is concerned, it has been struggling for a long time with the scalability problem that has an impact on the network speed itself.

conclusion

Thanks to Odyssey 3.1, Tron would be able to attract dApps developers from both competitive blocks and move in the right direction to their metro - to permanently establish themselves in the Top 10 in terms of market capitalization.

Finally, one more innovation. The CoboWallet wallet, which has been on the scene since 2017 and supports multiple coins, has announced the addition and support of TRX as well as all Tron-based tokens.

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