The TRON upgrade will make the system an industry leader and innovator via “minor wins,” 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 via Twitter on Saturday. TRON 4.0’s smart contract privacy protocol is expected to prioritize privacy, 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,” according to an open letter from Justin Sun.
One of the most important updates that the network will release as part of TRON 4.0 is a virtually developed protocol to protect smart contracts. The TRONZ Smart Contract Privacy Protocol is not only “the most secure, productive, and energy-efficient privacy protocol available today,” but also allows developers to choose from a wide range of protocol choices 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,” says Sun.
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 main network is designed to host custom solutions for businesses. “We have developed a blockchain solution for financial institutions and companies with the hoped-for success,” Sun explained. This not only allows for easier adoption 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 up and running almost a year after the initial development launch announcement. It is the first zk SNARKs implementation on a blockchain with smart contract support.
In one TRON Developer Blog were raised and explained doubts about the fate of TRX transactions after the upgrade. “TRON has worked continuously to develop a secure public chain that meets global regulations and guidelines. For this reason, the TRON 4.0 upgrade will not anonymize TRX in any way, nor will it add privacy features. “
The TRON 4.0 upgrade serves as a starting point for the ” journey of the platform as an equally individual and business-friendly platform. Sun adds: “TRON 4.0 is not only the manifestation of the TRON vision of ‘decentralising the network’, it is also the construction of a financial infrastructure for the next generation.“