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The TRON upgrade will make the system an industry leader and innovator through “minor victories,” says the CEO
TRON 4.0, one of the most anticipated upgrades of the year, will launch on July 7th. This was announced by Tron Foundation CEO Justin Sun on Saturday via Twitter. TRON 4.0’s data protection protocol for smart contracts is expected to focus on the features of data protection, scalability and interoperability in blockchain-based decentralized operating systems. The launch of “TRON 4.0 – The Era of the Great Journey” will mean “the impressive transformation of TRON from a blockchain-centric project to an industry pioneer”, as stated in an open letter from Justin Sun called.
One of the most important updates that the network will release as part of TRON 4.0 is a virtually developed protocol for the protection of smart contracts. The TRONZ Smart Contract data protection protocol is not only “the most secure, productive and energy-efficient data protection protocol available at the moment”, but also allows developers to select a protocol from a whole range of options in compliance with TRX-compliant regulations.
Another highlight of TRON 4.0 are upgrades of the so-called TPOS consensus mechanism, which should reduce block confirmation times from 57 seconds to 3 seconds, which should improve network security. “These upgrades set TRON 4.0 apart from all other public chains,” Sun said.
In order to promote cross-chain communication, TRON 4.0 will bring a brand new TICP cross-chain protocol. In plain language, this means that after the TRON 4.0 release, three public chains will be available that will allow contacting developers worldwide.
The TRON mainnet is designed to host custom solutions for businesses. “With the hoped-for success, we have developed a blockchain solution for financial institutions and companies,” Sun explained. This not only allows for a simpler introduction of the blockchain system. At the same time, the time and cost of projects will be reduced by the blockchain-based solutions.
The TRON 4.0 upgrade is ready for use almost a year after the first announcement of the start of development. It is the first zk-SNARKs implementation in a blockchain with smart contract support.
In a TRON-Developer Blog doubts about the fate of TRX transactions after the upgrade were discussed and explained. “TRON has continuously worked to develop a secure public chain that complies with global regulations and guidelines. For this reason, the TRON 4.0 upgrade will not anonymize TRX in any way, nor will it add any privacy features. “
The TRON 4.0 upgrade serves as a starting point for the “journey of the platform as a platform that is both individual and business-friendly. Sun also adds: “TRON 4.0 is not only the manifestation of TRON’s vision of ‘Decentralizing the grid’, it is also the construction of a financial infrastructure for the next generation.“
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