Tron (TRX), one of the most popular and largest blockchain networks in the market, is planning to launch important upgrades as soon as the second quarter of this year. The main intention behind it is to enhance the blockchain network’s functionality. The information was released by Misha Lederman, co-founder of IAmDecentralized, on March 20.
Tron’s Developments to be Released on Q2
There are four major developments that will be implemented on the Tron network in the next quarter of this year. The first one, according to Misha Lederman, is BitTorrent Speed with the implementation of the BitTorrent Token (BTT), that was launched earlier this year on the Binance Launchpad and reported by UseTheBitcoin. Developers will be launching the application that will compensate network participants in BTT tokens in exchange for providing bandwidth and seeding.
Four major developments for #TRON in coming weeks & months of Q2:
1. BitTorrent Speed, $BTT
2. Institutional-friendly multi-signature & account management
3. USDT-TRON stablecoin launch on #TRX blockchain
— Misha Lederman (@mishalederman) March 20, 2019
Moreover, Tron will be launching institutional-friendly multi-signature (Multisig) and account management. This has been developed in order to attract companies and larger investors that want to have increased security when they hold TRX tokens.
Tether (USDT) and Tron will also be launching the USDT coin on top of the Tron blockchain. At the moment, USDT is based on Omni. In order to scale and have better functionalities, USDT will be running on the Tron network.
Another very important thing that Tron will be implemented in the near future is the new privacy option for transactions. This is one of the most important features for Tron that will be adding privacy features for the TRX digital asset.
The intention is to implement zCash’s zk-SNARKS, a privacy technology that is intended to provide users with the possibility to process private transactions.
On the matter, Justin Sun, the founder and CEO of Tron, commented:
“People don’t want their privacy stored by Facebook or Google because those people can more easily manipulate the data so they can push ads to you. You don’t want to share those data with them. That’s why I think the decentralized way becomes a good way to do that and limit how much data you are required to share.”
These developments and improvements could help Tron’s user base increase. Although the network has experienced important growth in the last months, it is possible for Tron to keep growing in the near future.
At the time of writing, Tron is the 10th largest digital asset in the market. It has a market capitalization of $1.52 billion and each TRX coin can be purchased for $0.0227, according to CoinMarketCap.