- Tron is going big for its investors with the upcoming fork
- The launch date of Tron’s and ethereum hard fork coincide on February 28, 2019
- The upcoming forks may cause a ripple in the crypto market
On Feb 24, 2019, Tron founder Justin Sun gave details of the forthcoming TRX hard fork on twitter. The upgrades are said to improve institutional capabilities.
#TRON will launch 3.5 hard fork upgrade on 2/28. New Features: 1. multi-sig and acct mng, institution ready 2. Dynamic energy adjustment to real-time network performance 3. 50% up performance & res usage 4. Better VM safety, events server for Dapps. Go! #TRX $TRX
— Justin Sun (@justinsuntron) February 24, 2019
Justin Sun wrote tweeted to remind the public about the upcoming updates of the fork yet to be launched this week on Feb 28th. The new features will include 50% performance upgrade, better virtual machine safety, further involved dynamic energy adjustment to real-time network performance and multi-signature and account management to serve institutions best integrating Tron in their system.
These improvements show that Tron is preparing to work with higher level investors. From Justine Sun’s tweet, major investors such as mainstream and hedge fund investors who have shown interest in Tron will benefit after the hard fork.
Ethereum Forking is Underway
Ethereum’s updates which were delayed due to an error in the protocol’s code, which could have possibly allowed malicious attackers to drain the Ether from smart contracts, will now happen on the 28th coinciding with the launch date of Tron’s hard fork.
Tron and Ethereum Go Head to Head
Under Justin’s management, Tron has been aggressive in the crypto space which is evident with their last year’s acquisition of BitTorrent. Also, in terms of average daily transactions, reports show that Tron has trumped its main competitor Ethereum.
Tron and Ethereum are viewed as significant rivals in the crypto space, comparing milestones at Tron with the results produced by Ethereum such as TPS speed, registered account users and dApps show it all.
The news of the upcoming upgrade at Ethereum caused its price to spike hitting $140, at the moment the coin is trading at $139.90 resulting from a slight decline, with Tron trading at $0.0241 having been overtaken by both Stellar and XLM ranking at #9 in the CoinMarketCap crypto table. Experts speculate that Tron’s prices may surge following the upgrades.
February 28th is thus going to be a big day for the blockchain space as these two competitors have a face off yet again.