CEO and Founder of TRON Justin Sun revealed the progress and the foundation’s plan for Q2 and Q3 of 2019. Sun presented a progress report on the TRON platform at the TOKEN2049 in Hong Kong.
He shared the current status of TRON Foundation and the proposed plans for Q2 and Q3 of 2019. He revealed that the average number of daily transactions for 14 days was approximately 3 million that is roughly 3.3 times that of Ethereum. There are over 10,000 new accounts being added every day that is higher than EOS.
Justin Sun expects that by the end of 2019 there will be around 2000 DApps. Currently it has 186 – 255 decentralized applications (DApps) according to the reports.
According to the official data report by DappReview, DApp trading volume on TRON was greater than the sum of the DApp trading volumes on Ethereum and EOS. According to reports there are over 100 million active monthly users for BitTorrent. In addition it has over one billion device installations and user base in 138 countries.
Sun shared the future plans of TRON foundation for Q2 and Q3. Tron will launch BTT token in BitTorrent Speed.
Tether and TRON collaborated to launch TRON-based USDT that is compatible with the TRC-20 standard. The potential contract has been deployed on TRON's testnet, and the plan is to launch it on the mainnet in early April.
By deploying TRON-based USDT instant transactions are possible instead of hours and there will be zero transaction fees.
TRON is proposing to launch ‘Sun Network’ as a solution to improve scalability and speed in Q2. The network provides "a continuously improved sidechain that provides unlimited tps capacity expansion for the mainchain." Also, Privacy support will be added in Q2 and Q3.
Sun further shared the BitTorrent FileSystem (BTFS) is expected to be launched in Q3 aiming to be the best decentralized storage solution.