It is hours away before TRON (TRX) launches its virtual machine and “secret projects. The TRON (TRX) project announced that it will launch the virtual machine in testnet mode on July 30. In a statement, Tron’s founder, Justin Sun, said that the machine will complete another important milestone for the company ion the development of its platform. Sun also said that he will launch one of the company’s “secret projects”.
The events, which have been planned and advertised for several weeks, have significantly boosted trading volumes and have seen TRX rise as high as $0.04.
Boosting research and innovation
According to the company, the long-awaited projects will significantly boost research, innovation and development. Earlier in June, in a live-stream celebration which commemorated Tron’s Independence Day, TRX broke away from ERC20. At the time, Sun announced that the company was in the process of developing a secret project. He added that the project would be launched at the end of July.
According to Sun, the new project further brings to surface Tron’s development track record as well as showing the experience of the team engaged in the development. Sun said that the company and the team involved have worked tirelessly to ensure that the project is ready for launch on time and with all the details well captured. Additionally, Sun said the project will be launched on July 30 because the date is strategic in the development of TRX.
TRON project is now similar to the EOS distributed operating system
With the launch of the virtual machine, the TRON project now has a lot of resemblance to the EOS distributed operating system. A virtual machine is application environment or an operating system which emulates a computer. TRON has built the virtual machine so as to expand and improve its ecosystem.
According to the company, the new virtual machine will help in building decentralized apps (dApps). DAAPs and smart contracts can be run on the virtual machine and can also be deployed to the Tron Virtual Machine (TVM) on Super Representative nodes. Unlike the Ethereum virtual machine, the TRON virtual machine will not require fees to use.