Tron (TRX) – In the midst of the much lauded bullish crypto market which began at the early hours of the Asian trading session on April 1st, the CEO of the eminent blockchain technology, Justin Sun, announced that Tron foundation will be launching a layer 2 solution SUNNetwork to aid improvements like scalability.
While the entire crypto community awaits the buzzing launch, founder Justin Sun hinted on the closeness of the update, saying the development will come along with features like DApp “sidechains, cross-chain infrastructures and some other expansion projects.”
Reasons for DApp Sidechain on Tron (TRX) Network.
Previously, Justin Sun said the number of DApps usage on Tron network will increase from millions to hundreds of millions. Thus, the DApp sidechain expansion is saddled with the responsibility of increasing the capacity of Tron (TRX) DApps. The sidechain is dedicated to adopting customizable way of running DApps with high level of security and efficiency as well as consumption of low energy.
A report on the details of the SUNNetwrok revealed that the DApp sidechain will go through three stages before a full implementation is achieved.
Stage 1: The Testnet Phase is the first stage, and it is scheduled for May 30, 2019. This phase concentrates on supporting sidechain smart contract and realization of unlimited expansion with maximum security.
Stage 2: the official launch of the sidechain is the second phase. It focuses on enhancing the characteristics of decentralization as well as assets security. August 10 is programmed for the official launch of the sidechain.
Stage 3: Slated for September 15, 2019, Phase 3 is Optimization of the sidechain. It consists of a perfect toolset that helps to facilitate and improve the deployment and integration of sidechain based on the premise laid by Phase 1 and Phase 2.
TPS and Smart Contract Upgrade For Tron (TRX)
Sun elucidated that through the upgrade, Tron blockchain technology will be expanding its overall capacity as well as the number of transaction the network is able to execute within a second (TPS).
Furthermore, as smart contract efficiency remains the major target of Tron (TRX) in championing the decentralized internet, the millennial CEO revealed that the SUNNetwork will also help improve Tron Smart contract.