The first Tron (TRX) scalability solution version known as “Sun Network” is set to be launched on Aug. 10 according to Justin Sun, founder of Blockchain platform Tron.
In an Aug. 4 Tweet, Sun clearly stated that the first network version will allow for decentralized applications building on sidechains and 100x scalability.
Per the company’s official website in the link of the tweet, the new sidechain system will facilitate free transactions, faster transaction confirmation, decentralized application (DApp) support, and 100 times lower fees.
In addition, users will use features like interchain withdrawals and deposits and benefit from longer smart contract execution times in the Sun Network.
Also on the aforementioned website, the following was highlighted:
“Sun Network is also designed to provide unlimited capacity for TRON main network to support the growing number of transactions.”
Tron developers TRON will also be able to build a “DApp chain” using the new network’s new version 1.0.
In terms of technology, the Chinese CCID Research Institute’s latest rankings at the end of July put Bitcoin in eleventh place amongst 37 digital currencies while Tron came third.
In April, Lightning Labs — the blockchain development company — confirmed that it had unveiled the first alpha version of its Lightning Network scalability solution that will be implemented on the primary Bitcoin framework.