TRX Surges 19% Ahead of TRON Mainnet Launch

Decentralized digital content entertainment platform and Ethereum competitor TRON's TRX token has surged by over 19% in the last 24 hours as positive market sentiment gathers momentum ahead of the impending TRON mainnet launch.

Sun announced the launch of the TRON virtual machine on the 9th of May, following up a Medium post outlining the current state of TRON mainnet and ecosystem development.

"May is an exciting month for TRON. TronVM v.0.1 will be launched on May 25. This version of TronVM uses a VM Adapter that will enable complete compatibility with the Ethereum VM. All Ethereum developers will be able to use an adapter to migrate seamlessly from Ethereum dApp projects to TRON.".

The VM places TRON a position to compete directly with Ethereum.

The launch of the TRON mainnet will see TRX shift from an ERC20 token onto the TRON blockchain, promising a range of features that include a transaction rate "Hundreds of times" faster than Ethereum.

On May 31st we launch #TRONmainnet and begin our move from the #Ethereum platform, with already more than 1 million $TRX hodlers ready for fair elections.

Tron Foundation May 20, 2018.The TRON mainnet will go through a testing period subsequent to launch, with the genesis block scheduled for June 25th. In the lead up to the launch the TRON team have invested a significant amount of effort in streamlining the presentation of the project - TRON launched a redesigned website on the May 15th that delivers a range of new features aimed at providing the TRON community with a greater level of insight into the progress of the project.

"Compared to most stagnant crypto companies, TRON is agile and embraces change. In 2018, we will bring our young, professional approach, one that embraces change, into the lax and conservative structure of old."

In a letter to the TRON community, Sun states that both Bitcoin and Ethereum have "Failed to uphold" the core values of blockchain technology, with miners, founders, and developer teams exerting too much control over their respective networks.

With TRON currently ranking at 10th highest crypto by market cap at $5.5 billion, more than 50 teams have expressed interest in operating as "Super Representatives," which will be elected at the conclusion of TRON's "Exodus phase" on June 26.Cover Photo by Michael Paredes on Unsplash.