Despite the stubborn bearish market after a sudden spike that took place on August 25th, TRON is still seen rising up by over 3% in the last 24 hours.
Alongside with the most recent positive in the price of TRX, Tron foundation seems to be one of the most rapidly progressing blockchain-based projects at the moment given the fact that Justin Sun, the founder, and CEO of TRX and Tron foundation, has announced numerous novelties regarding the development of Tron network.
That is how besides from having the upcoming Tron Virtual Machine (TVM) set for release on August 30th, the foundation has also shared the news about enabling multiple accounts, as well as working on mass adoption and organizing bounty hunt for flattering TRX rewards.
TRON Organizes Private Key Bounty Hunting
One of the ways TRON is gaining the additional momentum is by pitching an interesting private key bounty hunting that should be rewarded in TRX.
The bounty hunt was announced on August 24th, via an official post released on Medium, where the team announced that the reward of 6,666 TRX units will go to the person that manages to extract the right private key for the provided wallet address.
Based on the provided image within the bounty hunt rewarding program, users should try and reveal the exact private key, that way becoming eligible for winning 6,666 TRX as a reward. The competition started on August 24th and is scheduled to end four days later, on August 28th, when the winner (if there are any) will be revealed and rewarded appropriately.
In case the reward remains unlocked, the funds will be transferred to one of the future bounty hunt reward programs. The team also announced that anyone tuning in during the live stream scheduled for August 30th, the release of TVM has a chance of winning 58,888 TRX as a reward, while the details regarding the upcomi8ng major TRX reward should be revealed during the live stream.
TRON Launching TVM in Just a Couple of Days
Ever since the mainnet was launched, TRON foundation is claiming to have seen their project progressing at an increased pace of growth, comparing TRON mainnet with the overall performance of Ethereum.
The team announced Tron Virtual Machine to be released on August 30th back when the foundation announced the Independence Day for TRON, which is now only several days away at the time o0f this writing.
Tron Virtual Machine should make the project better and bigger as stated by the TRX team, while it should make the creation and deployment of decentralized applications more efficient.
With TVM decentralized applications and smart contracts can be operated and run on the virtual machine test net, later being directed to TVM and Super Representative nodes. It is said that the new virtual machine will resemble the EOS system while TRON ecosystem would become compatible with Ethereum virtual machine.
However, TVM will not ask for any fees, unlike it is the case with ETH virtual machine, which should additionally attract more developers who are planning on creating and deploying more complex decentralized applications.
TRON Announces Multiple Accounts and Address Book to TRX Wallets
The team announced on August 24th that multiple accounts operations, as well as an address book, have been added to Tron Wallets. The team further added that since the beginning of the project TRX team has been prioritizing the ability to provide users with a way to divide their active operations into multiple accounts, which has now become available.
New features allow multiple account operations, while additionally organizing the newly added address book divided into Contacts and Accounts for safe and secure storing through the TRX wallets.
The team added that the new features come with over 100 of fixed bugs, while the foundation is set to work on new features and updates regarding TRON wallets.
TRX Now Accessible to Millions of Users and Businesses through CoinPayments
In the series of ecstatic announcement for the past couple of days regarding the development of TRON network, Justin Sun announced that thanks to the CoinPayments platform, TRX has now officially become available for millions of businesses and users.
As announced on August 24th, TRX has been added as one of the payment methods on CoinPayments platform, which means that the crypto is now accessible to over 2 million different users and businesses.
Justin Sun stated on this occasion that this addition makes up for a “huge step toward cryptocurrency adoption” as the newly added support will contribute to the rapid growth of TRON.