Tron (TRX) Jumps 12% as Founder Justin Sun Announces Virtual Machine Launch
Tron on Monday appreciated 12 percent against the US Dollar to restest August high near $0.028.
The spike came hours after Justin Sun, CEO and Founder of the Tron Foundation, announced that their super representatives reached consensus to launch the Tron Committee Function and Tron Virtual Machine (TVM). TVM launch marks an important step towards the functionality of Tron network. It is expected to test and execute large-scale decentralized applications similar to that of Ethereum. The TVM launch also marks the introduction of its very own smart contracts, called Era.
TVM, according to Sun, will make the Tron blockchain 200 times faster than Ethereum, and 100 times cheaper than EOS.
Sun also appeared in a brief interview round with Investopedia, the leading financial news and education websites, in which he predicted that Tron would be among the top ten cryptocurrencies.
“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 6 months.” – he told Investopedia.
https://www.ccn.com/tron-trx-jumps-12-as-justin-sun-announces-virtual-machine/