In a tweet published on August 4, Justin Sun, founder of blockchain platform Tron, has stated that the initial version of the Tron’s (TRX) scalability solution named “Sun Network” will be unveiled on August 10.
Sun, in his tweet, asserted that the initial version of the network will permit for 100x scalability and the creation of decentralized apps that are deployed on sidechains.
As per Sun Network’s official website, which showcases Sun’s tweet, the latest sidechain system will offer free trades, 100 times lower charges, decentralized app (DApp) support and faster trade confirmation.
Additionally, the Sun Network will also permit for extended period of smart contract execution and withdrawals and deposits across chains. As per another section of the Sun Network’s website:
“Sun Network is also designed to provide unlimited capacity for TRON main network to support the growing number of transactions.”
Sun further states that the new version 1.0 of the latest network will permit Tron coders to create a “DApp Chain.”
By the end of July, China’s CCID Research Institute released its latest cryptocurrency ranking list, which had Bitcoin (BTC) in eleventh place out of 37 in terms of technology. Tron was placed at the third position.
Back in April, blockchain development firm Lightning Labs unveiled the initial alpha version of Lightning Network scalability protocol for Bitcoin blockchain.
