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Have you ever heard of hard forks? Imagine two trains heading to the same station on the same track and at one point, one of the trains decides to take another track somewhere else. The same thing happens with blockchain. A hard fork is a permanent alternate version of the blockchain, meaning that the previous version won’t be accepted by that alternate network. Tron will launch their 3.
5 hard fork upgrade and Ethereum will also have its hard fork called Constantinople and St.Petersburg. Both hard forks, Tron’s and Ethereum’s, will take place on February 28th. Yes, tomorrow! TRON ODYSSEY 3.
5 : THOUGHT FOR INSTITUTIONS
So far Tron has had a great start to the year. Tron is leading the DApps competition among all other cryptocurrencies that use Smart Contracts.
From the BitTorrent ICO to the current date, BTT’s price has spiked up at least 600%. It seems that Tron is leading in every aspect which makes you wonder, what could go better?
Tron will launch 3.5 hard fork upgrade that will include the following features: Multi-Signature and Account Management : This is a feature that requires multiple signatures or authorizations in order to make a transaction. Think of a company that wants to accept TRX for international trades or a couple sharing the same wallet. I don’t like the latter idea.
Either way, this is big for institutional adoption. Dynamic energy adjustment to real-time network performance : This feature will help developers by streamlining energy availability with energy consumption. Performance boost up to 50% TVM safety improvements, events server for DApps : built to encourage more developers to create DApps in Tron’s network.
Events server will help developers to easily test out their smart contracts. Also TVM is moving to WebAssembly in order to support more programming languages rather than being solidity the only one available to program smart contracts.
In conclusion, Tron will keep with its vision for mass adoption as this major update will be focused on putting Tron in the eyes of various institutions as well as developers.
Justin Sun stated the following: Multi-sig, acct mng and custody are three major requirements from institution. Recently we have received numerous demands from hedge funds, mainstream investors and financial institution. With 3.5 upgrade and the partnership with @BitGo , #TRON is ready! #TRX $TRX
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