Tron Set to Launch Sun Network Later This Week

Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term platform Tron is set to launch its much anticipated Sun Network on August 10, the company’s founder Justin Sun revealed in a tweet.

According to Sun, version 1.0 of the network will facilitate 100x scalable solutions. It will also allow developers to build decentralized applications (DApps) on sidechains.

#SUNNetwork will release version 1.0 on August 10th as one of #TRON’s 100X scalability solutions. The V1.0 will allow Dapp Dapp A dapp, or decentralized application, is a computer application that runs on a distributed network. Dapps are most commonly associated with the blockchain networks that support them, such as Ethereum.Because dapps are decentralized, they do not exist under the purview of a centralized custodian or authority. The original Ethereum white paper effectively splits dapps into three types. This includes apps that manage money, apps where money is involved (but also requires another piece), and apps d A dapp, or decentralized application, is a computer application that runs on a distributed network. Dapps are most commonly associated with the blockchain networks that support them, such as Ethereum.Because dapps are decentralized, they do not exist under the purview of a centralized custodian or authority. The original Ethereum white paper effectively splits dapps into three types. This includes apps that manage money, apps where money is involved (but also requires another piece), and apps d Read this Term developers to use 1.0 code to build their side chain and TRON to build a Dapp chain. BUIDL! Slowly but surely! $TRX Check: https://t.co/2Xgmsf4R25

— Justin Sun (@justinsuntron) August 5, 2019

“Sun Network Plan is an expansion plan for TRON main network ecosystem, including smart contract application-oriented side chain (DAppChain), cross-chain communication and other expansion projects,” the prospectus of the upcoming network stated.

“DAppChain is a customizable side chain expansion project related to TRON smart contracts which allow DApps to run with extremely low energy consumption, high security, and high-efficiency online operation.”

It also detailed that the new sidechain ecosystem would feature free transactions along with 100 times lower fees. It will also ensure faster transaction confirmation.

“With different parameters, DAppChain smart contract transaction can increase the maximum execution time of the transaction by 10 times or more from 50ms, thus supporting complex intelligent contract transactions,” the documentation noted.

Version 1.0 of the new network will use the DPoS mechanism to ensure transaction consensus and correctness on the sidechain. The presence of smart contracts on both main and side chain will allow the users to deposit and withdrawals between different chains.

Big, yet controversial

Earlier this year, the co-founder and ex-CTO of Tron alleged that the project is highly centralized and a handful of nodes control more than 90 percent of the votes on TRON with a few voters.

Sun recently was accused of illegal fundraising using his cryptocurrency project and involvement in offering illegal gambling services in China. He, however, denied all claims against him made by the Chinese media house.