The much-awaited launch for Tron Virtual Machine (TVM) is finally here. The countdown at the time of writing is less than five hours. Significantly, the community will get to know about the ‘Secret’ project Tron Foundation has been working on. Many in the community and the industry at large have tried to demystify what this project could be. However, Justin Sun, the founder of Tron and the Tron Foundation have managed to keep the project out of the public.
The Tron community is among the most satisfied in the market. In the last couple of months, Tron had achieved milestone after milestone. For a long time, Tron has been referred to as ‘the crypto without a product’. However, this description will not hold water for long. Tron Foundation is on its toes to ensure that the network achieves its vision of becoming the largest decentralized blockchain network in the world. Tron Mainnet was successfully launched almost a couple of months ago. The token migration process has been a huge success so far. Furthermore, the Super Representative election is underway. And Interestingly, Justin Sun became one of the representatives after winning the election with a landslide.
What is Tron Virtual Machine (TVM)?
“A virtual machine (VM) is an operating system (OS) or application environment that emulates a computer system (dedicated hardware). TVM is a virtual machine built by TRON Foundation for the purpose of making the TRON’s ecosystem bigger and better,” details Tron Live Medium.
A virtual machine gives programmers and software developers an opportunity to create and launch applications for various operating systems without having to learn a new language or buy a different computer. Tron Virtual Machine is going to elevate Tron’s position in the blockchain industry. For instance, smart contracts will be created on the virtual machine and executed Tron Blockchain. In addition to that, developers in the industry will have one more network to launch their decentralized applications (dApps).
The upgraded version of Tron Virtual Machine (TVM) is said to be compatible with Ethereum Virtual Machine (EVM). Compatibility is essential because “Ethereum developers can compile and adjust their existing codes in an environment so smart contracts in Ethereum can be easily ported to TRON.” The apps and smart contracts will then be tested on TVM, after which they will be uploaded to TRON Mainnet and execute on TVM controlled by Tron Super Representatives (SR) nodes for the public to have access. Significantly, TVM is later going to be compatible with other virtual machines like the EOS Virtual Machine (EOS). Movement from one network to another will ensure that Tron becomes one of the preferred networks for developing dApps and smart contracts.
Tron Price Overview
Tron is exchanging hands at $0.037 at the time of writing. The crypto has begun trimming gains ahead of the TVM launch, although it was trading in the grin over the weekend. TR/USD is, however, still capped below $0.040, besides there is a bearish trend in progress. The price is supported by both the moving averages; the 200 SMA at 0.0371 while the 50 SMA is offering support at $0.0366.