According to the recent announcement by Justin Sun, the Founder of TRON, TRX – the ninth largest cryptocurrencies – is set to undergo hard fork on Feb 28, 2019. The crypto company is targeting institutional investors by launching TRON’s hard fork upgrade to version 3.5 which will bring following new features to TRON’s blockchain platform:
- Institution-ready multi-signature addresses.
- Dynamic energy adjustments to real-time network performance
- 50 percent performance improvement from the current state
- Enhanced virtual machine safety and events server for decentralized applications (dApps).
All these features will ensure smoother functioning of the network, facilitate account trading and ensure higher energy efficiency with more feasible energy consumption. Further, the multi-signature upgrade will help TRON to outpace other major cryptocurrencies, including Bitcoin.
#TRON will launch 3.5 hard fork upgrade on 2/28. New Features: 1. multi-sig and acct mng, institution ready 2. Dynamic energy adjustment to real-time network performance 3. 50% up performance & res usage 4. Better VM safety, events server for Dapps. Go! #TRX $TRX
— Justin Sun (@justinsuntron) February 24, 2019
This week when the blockchain community is still anticipating the Constantinople and St. Petersburg hard fork on Ethereum network, the TRON is stepping forward with its own hard fork on February 28, 2019. This is not the only move made by TRON for attracting the demographic; the firm also announced its induction into BitGo’s roster on February 19, 2019.
In a joint statement, Justin Sun, founder of TRON and CEO of BitTorrent said, “This partnership will let institutional investors trade TRX with the confidence. As TRON and its subsidiary BitTorrent work toward creating a new internet economy that is fast, secure, and cost-effective, we need to work with the companies that can provide that secure foundation. And with BitGo, TRX investors will have the most secure wallet and custody options.”
TRON is known to be one of the most aggressive blockchain firms in the industry and shows no signs of slowing down. In June 2018, they purchased BitTorrent, one the largest torrenting platforms in the world and launched BTT token ICO in January 2019. Further, TRON has also teamed up with the ALS Association for philanthropic work to track donations being made as well as pledging financial support of US$250,000.
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