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Tron has released its Odyssey 3.0 blockchain software, a significant upgrade designed to position the platform as a major competitor to Ethereum.

The code is now live on GitHub and includes the first official release of Tron’s virtual machine, the suite of tools that developers will use to power decentralized apps and execute smart contracts on the network.

The virtual machine is designed to be compatible with Ethereum, which means developers can easily port Ethereum DApps onto Tron without making major modifications to the code.

Tron says its virtual machine also reduces the amount of physical memory required for running DApps, and promises its network now scales better than Ethereum, which means the network won’t get bogged down as easily when popular apps debut on the network. TRX transactions are also significantly cheaper than Ether, which is another feature designed to make the platform significantly easier for developers to utilize.

“Tron has always attached great importance to building the infrastructure for the Tron ecosystem. Since the release of the TVM beta version, the Tron team has been conducting tests and debugging for the security and stability of the TVM, as well as optimization for the compiler and the instruction set. Currently, the TVM official version integrates better developers’ tools, developer team building and game engine construction, which creates a VM system with higher performance, better ecosystem and easier operation.”

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Now that the code is available, nodes, crypto exchanges and wallets can begin to implement and activate the upgrade.

Tron says its next big reveal is on the horizon. The development team says it will release details on its plans for multi-signature, zero-knowledge proof, and cross-chain communication next month.