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Justin Sun reveals launch date for second-layer scaling, “100X scalability” for TRON

Justin Sun reveals launch date for second-layer scaling, “100X scalability” for TRON

Justin Sun, the founder and CEO of blockchain DApp platform Tron, revealed the company’s plans for the Sun Network, Tron’s second layer scalability solution. The network’s testnet will reportedly launch in the second half of May and will improve the Tron network’s transaction capacity and overall scalability.

Sun Announces Sun Network’s May Launch Date

Tron, one of the most heavily marketed blockchain platforms in the world, has announced a new second-layer solution for its blockchain. The company’s founder and CEO, Justin Sun, has been very active on social media promoting everything from cryptocurrency airdrops to dozens of new projects launched or acquired by Tron.

At the beginning of April, Sun revealed that the company was working on the Sun Network, a second layer solution that could reportedly help the Tron network achieve 100 times more scalability.

And now, just a week after releasing a teaser about the launch, Sun revealed the launch date for the network, as well as the project’s expansion plans.

According to Tron’s Medium post, the first of the three phases of DApp Chain, the company’s new customizable way to run DApps, will be the testnet. The launch of the testnet is scheduled for May 30th and will focus on supporting sidechain smart contracts.

Tron’s DApp Sidechain Expansion Project Offers Strong Decentralization and Low Cost

Once phase one of the DApp sidechain expansion project is complete, Tron plans on launching its mainnet. In this phase, the company will integrate the cross-chain infrastructure, DApp sidechains and various other expansion products. The mainnet launch is expected to happen on Aug. 10th.

The mainnet, in its original form, will be available in just over a month when phase three of the expansion is supposed to take place. On Sep. 15th, Tron will start working on optimizing the network. The company plans on using the foundations of phase 1 and 2 to improve the toolset, improve the ease of use, and enable easy deployment and rapid integration of sidechains.

TRON Partners with Tether to Launch TRC20 Version of USDT Stablecoin
Related: TRON Partners with Tether to Launch TRC20 Version of USDT Stablecoin

In the meantime, the Sun Network will “closely follow the industry’s cutting edge development” in order to further develop Tron’s ecosystem. While few details were provided on what that development will actually be, the crypto community is expecting major progress from Tron.

During The Crypto Chick podcast, Justin Sun also hinted that a collaboration between the Tron ecosystem and Ethereum could happen later this year.

A Tron-based version of Tether (USDT), a stablecoin, is also set to launch on Apr. 9th, Sun revealed, saying that it will allow cheaper and faster transactions than USDT’s current Bitcoin-based Omni protocol.

Based on Tron’s promotional material it seems that the company is making solid progress towards greater utility for its platform.

TRON | TRX

Updated: May 12 at 11:44 pm PDT
$0.02
-3.58%

TRON, currently ranked #11 by market cap, is down 3.58% over the past 24 hours. TRX has a market cap of $1.64B with a 24 hour volume of $838.06M.

Chart by CryptoCompare

TRON is down 3.58% over the past 24 hours.

Filed Under: People of Blockchain, Price Watch, Technology, Tron
Priyeshu Garg

Priyeshu is a software engineer who is passionate about machine learning and blockchain technology. He holds an engineering degree in Computer Science Engineering and is a passionate economist. He built his first digital marketing startup when he was a teenager, and worked with multiple Fortune 500 companies along with smaller firms. When he is not solving the transportation problems at his company, he can be found writing about the blockchain or roller skating with his friends.

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