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Tron+Announces+Sun+Network+Launch+Date%2C+Unveils+Key+Episodes+for+DApp+Chain

Tron Announces Sun Network Launch Date, Unveils Key Episodes for DApp Chain

 

Tron’s Blockchain-based decentralized application (DApp) platform has announced the expansion plan of its second layer scalability solution, the Sun Network. According to the official release published on Monday, April 8, the network’s testnet will introduce in late May this year.

The expansion plan of the Sun Network includes developing and advancing of DApp sidechains and cross-chain infrastructure. Report suggests that the second layer is believed to increase the overall capacity of Tron’s network. Also, developers and crypto enthusiasts expect that it will allow DApps to function with high security and extremely low energy consumption simultaneously.

The first phase is scheduled to begin on May 30. During the first phase Tron will completely focus on developing and launching sidechain smart contracts. The official launch of Sun Network mainnet is set to launch on August 10. The mainnet launch will further boost the characteristics of decentralization and advance asset security.

Tron [TRX] targets to launch an optimization processes for enhancing the grip of utilizing the network and facilitating easy deployment of the sidechains in mid-September this year.

Recently, Tron founder and CEO Justin Sun took part in The Crypto Chick podcast, hinted about the Tron ecosystem will officially partnered with Ethereum [ETH] later this year without revealing any much information.

Sun also revealed Tron’s Q2 plans; Tron is developing a second layer scalability solution for Tron. According to Sun, he believes this would increase transaction throughput at least 100 times and significantly decrease fees. The second layer will be deployed in Q2 2019.

Sun also highlighted that in the Q2 phase of this year, Tron will launch a “new network with a privacy option,” that will be based on the technology used by altcoin Zcash [ZEC].

On April 9, Tron is set to launch the Tron-based version of stablecoin Tether [USDT], Sun noted during the podcast. According to Justin Sun, Tron based version of the stalwart stablecoin will facilitate cheaper and faster transactions than the Bitcoin [BTC] -based Omni protocol USDT.

Earlier in April, the Tron Foundation asked developers to eliminate gambling DApps from the Japanese market to follow local regulations. In japan, government laws are against the gambling and hence the company advised local developers not to launch any such apps on the company’s platform.