The challenging nature of the crypto space especially the market table seems to be gearing Tron (TRX) blockchain technology for an indefatigable growth that will make it light the end of the tunnel in no time.
Misha Leaderman, the cofounder of Iamdecentralized, a project representing Tron, in an update disclosed that Tron foundation has table four outstanding developments that would be unleashed in coming weeks and months in the second quarter of the year.
Leaderman, in the update listed the four developments as follows:
- BitTorrent Speed
- Institutional-friendly multi-signature & account management
- USDT-TRON stablecoin launch on #TRX blockchain
- Implementing privacy option for transactions
Four major developments for #TRON in coming weeks & months of Q2:
1. BitTorrent Speed, $BTT
2. Institutional-friendly multi-signature & account management
3. USDT-TRON stablecoin launch on #TRX blockchain
— Misha Lederman (@mishalederman) March 20, 2019
Why The Development Is A Mover And Shaker For Tron (TRX)
Since independence, Tron (TRX) has proved its worth in the blockchain space, indicating that while it was still housed in the ERC20 ecosystem, its potential was being overshadowed. However, the imminent developments are seen as a major one for Tron in the following ways:
From inception, Bittorrent has been identified for its outstanding speed, coupled with the fact that it is able to serve over 100 million users on its platform. No doubt, the speed and user capacity that BitTorrent possesses is one of the reason Tron acquired the peer to peer network, and it has so far displayed its potency.
Not to remain moribund, Tron is working to enhance the speed of BitTorrent. While Tron is regarded as one of the fastest blockchain network in the space, the introduction of BitTorrent speed would be a major landmark.
USDT-TRON Stablecoin Launch On TRX Blockchain
The USDT-TRON stablecoin imminent project was birthed by the partnership between Tron and Tether (USDT). It is a much lauded project that the Tron community seems to be much elated with the move owing to the series of goodies it will add to Tron blockchain and popularity.
Previously reported by Today’s Gazette, Tron will in the following four way benefit immensely from the Tron (TRX) – Tether (USDT) partnership when TRC20-based USDT tokens is released in Q2 2019.
- Liquidity increment on decentralized exchanges (DEX).
- Added storage value for TRX holders.
- Less currency volatile for Tron DApp users.
- Increment in the confidence of institutional investor
Implementing Privacy Option For Transactions
While one of the major reasons people opted for cryptocurreny is privacy, Tron (TRX) will soon be joining the league of privacy coins by implementing the ZX-Snark protocol. With the position Tron holds in the decentralization sector as a blockchain network, the introduction of privacy protocol would surely be a boost.
Institutional-Friendly Multi-Signature & Account Management
Lastly, the Multi-Signature that will soon go live on Tron network will help increase the efficiency of the blockchain technology in the space.
However, Tron (TRX) is clear to see the moon light as soon as the four developments are released.