TRON Labs, in an official post, has announced the launch of its first beta version – Exodus, which is scheduled to roll out on March 31 this year.
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According to Chen Zhiqiang, TRON’s technical head, the main network will offer several advantages over existing blockchain systems, including improved performance, over 1,000 transactions per second and ultra low fees.
Additionally, the launch will also include the TRON virtual machine (TVM), which will allow smart contracts development in multiple languages, including Java, which will then by compiled into byte-code by the TRON compiler.
Network monitoring tools will also be released with the update, along with an Application Blockchain Interface for developers.
Commenting on the upcoming launch, Justin Sun, TRON’s founder, said:
“First, I would like to express my gratitude to all of you, for your attention and support to TRON and for your trust in our team; and to our developers as well, for their strenuous development work. With unremitting efforts of TRON’s technical team, the test for TRX main network is about to start. The launch of main net this time will be a vital node in TRON’s development history. But this won’t be an end.”
He went on to add that TRON’s goal is to lay the foundation for Internet 4.0, which utilizes decentralized apps, smart contracts and universally accessible, distributed data.
Earlier this month, TRON also completed part of its integration with Peiwo App, which boasts a 10-million strong user-base, expected to help TRX gain traction.
However, despite all these positive developments, TRX, is having a tough time, trading around $0.07 currently, after having reached almost $0.28 on January 5, 2018.
Justin Sun has hinted towards several large partnerships coming in the future, and it remains to be seen whether TRON will surpass its former all-time-high in the months to come, particularly after Exodus is launched.