TRON completed the public testing of the smart contract privacy protocol in June and launched the privacy protocol as part of TRON 4.0 in July.
Now, the blockchain network announced that it just passed the number 40 voting request, balloting that will allow for the addition of Zero-Knowledge Proofs cutting-edge security function to the Tron Virtual Machine (TVM ), TRON CEO Justin Sun has said.
The crypto investor, who is also the CEO of BitTorrent, mentioned in an update that “the NO. 40 voting request (#39 Proposal)” has been passed. TRON Foundation also aired the announcement on Chinese platform Weibo, revealing that the combination of zero-knowledge proof verification and TYM is a major innovation of the TRON ecosystem.
The blockchain foundation said aside from being an innovation; it is yet another milestone in the construction of TRON blockchain.
The TRONZ team, a group of experienced TRON community developers, is in charge of the first smart contract protocol virtual machine that supports the implementation of privacy protocol.
The virtual machine which supports privacy also offers users of TRON blockchain shielded contract & shielded transaction. After full implementation of the innovation, Dapp developers will be able to secure users’ data with the strongest and best privacy protection in the blockchain industry, hence meeting users’ privacy need.
TRON’s JUST (JST) DeFi Enjoys About 3600% ROI in 5 Months
JST, the native token of TRON’s decentralized lending platform JUST, recently recorded about 3600% return on investment (ROI) within five months of its launch; this was as reported by an extracted data from CoinMarketCap.
JUST was the first stablecoin to be sold on Poloneix token sale platform, “LaunchBase”, a platform that was launched in April with an announcement that it will begin operations with the TRON’s native token JUST (JST).
The launch of the JST DeFi was announced in April. Then, Justin Sun initially christened the project “Djed”. Sun further explained that JUST was invented as a fair DeFi protocol that offers stablecoin lending and governance mechanism services to users.
Sun Announces Extension of TRON’s DeFi
In another development TRON’s CEO, Justin Sun has also announced that BitTorrent will be extending the TRON’s DeFi project through a “strategic alliance” with JUST. Sun boasted that via the collaboration, the best DeFi project will be developed on the TRON network.
The TRON boss further elucidated that the BTT token will become collateral in the yield farming of TRON’s JST DeFi platform. He reiterated that the addition of BTT will extend the project to about two billion users.