- Sun network is the layer 2 solution for tron which is promised to improve scalability of the network by 100x and also increase its usage
- The tron community is divided on the token economics of the new project
Justin Sun, Founder of Tron, one of the most popular altcoins out there, made an announcement today regarding the launch of what he likes to call the ‘Sun network’.
Layer 2 solutions
The founder and CEO told everyone on twitter that the Sun network is a second layer solution for the Tron blockchain which is supposed to provide 100x scalability to the system. Layer 2 solutions have been gaining a lot of attention recently, courtesy of the lightning network which has caused a lot of excitement among bitcoiners. The promised success of the lightning network suggest that it can be the key to solving the problems of slow transaction speeds and scaling solutions for Bitcoin, thus making it more useable and efficient as a currency. Sun’s tweet stated:
“ Tron will release the detail of Sun Network soon! Sun network is our layer 2 solution to achieve 100x scalability. Tron’s dapp usage is poised to scale from the current millions to hundreds of millions after launch.”
The lightning network may be able to take care of the most pressing issues for Bitcoin, but the story is a lot different for Ethereum. Tron which was originally developed on the ethereum blockchain and moved to its own mainnet has been facing the same complex issues. According to Justin, the sun network is the key to solving the problem.
Reigning supreme on dApps
Tron is already dominating the dApp market as it keeps on adding more and more dApps to its collection, and the Tron blockchain is gaining a lot of popularity among developers as well. Tron has also managed to exceed the number of transactions per day conducted by EOS and ETH combined, and it seems like Justin Sun is following the footsteps of Vitalik and in all aspects and making Tron better. Both Ethereum and Tron have been speculated to work on layer 2 solutions and the Sun network is Tron’s attempt at throwing its primary rivals out of the boat, Vitalik also tweeted earlier that:
“Think of layer one as making a highway bigger and making more highways. Layer two solutions are like having 10 cars being fit inside a truck, and having more highways to facilitate this truck. To achieve scalability, and it will be, layer 1 and layer 2 will act as different kinds of methods towards similar goals. It’s basically scaling in different ways.”
Although Tron has been able to overtake ethereum on being the largest blockchain-based platform for development of dApps, Users are in quite a dilemma. Some think this will be beneficial to the token holders, while there are quite a few who aren’t happy about this. Users have been seen complaining on twitter right after Sun’s tweet, talking about how the Sun network will be causing a huge loss for Tron token holders. Some even claim that the Tron blockchain can’t handle bittorrent’s capacity and this is the company’s excuse to do it off the main server and labelling it as being on Tron’s blockchain even when it’s not. But it looks like Justin believes that launching the Sun network would boost Tron and bittorrent in the blockchain industry. Tron has been working on bringing in more and more users to the Tron network and the Sun network is believed to be one such step towards success for the company.