Justin Sun Announces TRON 4.0 Launch in July But What Is TRON 2.0 and 3.0?

The TRON Foundation is entering a new phase of its development with the upcoming launch of the fourth network version named TRON 4.0. Merely weeks before the project says goodbye to the current Odyssey consensus and welcomes the “Great Voyage era,” TRON will also celebrate its second “independence day” at the end of the month.

TRON’s Independence Day

June 25th is a pivotal date for all “TRONICS” (TRON aficionado). Following months of preparation, the TRON Foundation finally launched its Mainnet on that date in 2018, and it finished migrating all of its users’ funds from the Ethereum blockchain to their own. That date became known as the “TRON Independence Day.”

“Today, I announce with confidence that development for TRON Mainnet, Odyssey 2.0 is complete, and all materials have been submitted to Github. From this day forth, the TRON community will be able to download and run TRON’s official Mainnet Odyssey 2.0 on the TRON Github page.” – noted at the time the founder and CEO of the project – Justin Sun.

The announcement claimed that TRON Odyssey 2.0 had accumulated 2,153 commits, merged 547 forks, released 15 software iterations, and added 102 new features.

Following Odyssey 2.0, the network underwent several upgrades, including the Odyssey 3.0 version, designed to position TRON as a direct competitor to Ethereum. It marked the official launch of the TRON Virtual Machine (TVM), which provided the necessary tools for developers to power decentralized applications and execute smart contracts on the network.

Naturally, each upgrade aimed to improve the overall performance of key features such as facilitating dApp developments and enhancing security levels. Upon the release of Odyssey 3.6 a year later, for instance, developers were able to create dApps on both the TRON protocol and the TRON Virtual Machine.

Bye Odyssey, Hello Great Voyage

Although TRON’s network experienced numerous more modest updates in the past two years, it’s now preparing to embrace its fourth major iteration called TRON 4.0, planned to take place on July 7th.

The era of the Great Voyage, as TRON also refers to it, will be a “pivotal moment” in the project’s history with various improvements.

TRON 4.0. Source: Medium
TRON 4.0. Source: Medium

For starters, the TRON Foundation has developed “the first smart contract privacy protocol supported by a virtual machine,” dubbed TRONZ Smart Contract Privacy Protocol. The firm described it as “the safest, most productive, and energy-efficient privacy protocol at the moment.”

The company has also upgraded the “TPOS consensus mechanism, combining the advantages of DPoS and PBFT, which reduced the block confirmation time from 57 seconds to 3 seconds.”

The Great Voyage will also see the introduction of a “brand new TICP cross-chained protocol, ushering in a cross-chain era for the TRON ecosystem. When TRON 4.0 releases, there will be three public chains available to connect with for developers all over the world.”

Lastly, the statement informed of a successfully developed financial institution and enterprise blockchain solution. They will be “able to swiftly deploy a customized application blockchain based on their needs. These solutions will significantly reduce the time and cost of projects, as well as allowing for easy adoption of a new blockchain system.”

With the launch of TRON 4.0, the company plans for a “stunning transformation” from being a blockchain-centered project to an “industry trendsetter.” The Great Voyage era will also help TRON’s initial mission to “decentralize the Internet.”

The post Justin Sun Announces TRON 4.0 Launch in July But What Is TRON 2.0 and 3.0? appeared first on CryptoPotato.

scroll to top