Tron founder Justin Sun revealed that the Tron Virtual Machine (TVM), a virtual machine developed by the TRON Foundation in order to enhance TRON’s ecosystem, is ready to launch as the network’s super representatives have achieved consensus. The TMV will be used to test and execute large-scale Decentralized Applications (DApps) allowing developers to create smart contracts. The TVM uses programming languages developers are familiar with without having to learn a new programming language. This will make it significantly easier for developers to create DApps for the Tron network.
This announcement has lead Tron (TRX) to jump higher than 12% according to CoinMarketCap.
Sun posted on Twitter concerning the Odyssey 3.1 upgrade:
“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”
Sun spoke with Investopedia claiming that Tron’s market cap will put TRX among the top 10 cryptocurrency within the next six months.
“If we look at the top 10 cryptocurrencies, many of them are not motivated to continue innovating or improving their product. They represent the older generation of cryptos. Tron, on the other hand, is a young company with cutting edge technology, with much more room for growth. We are confident that Tron will surge into top 10 in the next six months.”
Currently with the price gain, Tron rests at number 11, according to the CoinMarketCap report.