Tron’s Virtual Machine (TVM) has successfully launched as per scheduled today, on August 30 2018. As explained in a series of tweets and blog posts, TVM will make Tron capable of handling a large number of transactions which will open doors for developers to choose Tron as opposed to Ethereum.

TVM has the capability for developers working on Tron’s network to code in popular programming languages that they already know such as C, C#, Java etc, as well as Ethereum’s Solidity language. TVM is said to be the most significant announcement of Tron after its BitTorrent acquisition.

The launch event was streamed live on Youtube and began at 2:30 UT.

Justin Sun, shared details of Tron’s superior gains in the Blockchain and Cryptocurrency field after it’s main net launch in June 2018. According to statistics, Tron accounts have reached 282,859, which is a 465,00% increase compared to June 25 on launch day. When compared to Ethereum it has 11 times more accounts than Ethereum’s post-launch two month period.

His latest tweet proudly stated the statistics-

282,859 accounts till August 29, 416,497, single-day transaction peak on August 20. With high performance and usability of #TRON, daily transaction and TRON network accounts has grow very fast. Now TRON has become one of the largest decentralized networks in the world. #TRX $TRX pic.twitter.com/wMMYxbH8hB — Justin Sun (@justinsuntron) August 30, 2018

An encouraging statement of Tron was given by Justin Sun at the time of launch. He said,

“The launch of the official version of the TVM means that TRON will start to transit from basic infrastructure building to the new stage of ecosystem expansion. We firmly believe that TRON’s development will bring a new breeze to the industry. We also believe that we can complete our mission of decentralizing the internet.”

Even the Chief Technological Officer Chen Zhiqiang explained the milestone achieved in his expert technical jargon. He spoke about the procedure of full nodes and the Tron network to give an opportunity for developers to create their own Tron based dApp more effectively.

Forbes magazine dedicated an article on Justin Sun being the next Jack Ma. Jack Ma is the owner of the most successful Chinese companies, Alibaba. The article begins by stating;

“There are not many people who are truly believed to be the ‘next Jack Ma’, founder and executive chairman of Alibaba. Enter, stage right, Justin Sun, an ingenious visionary with the determination to make his businesses global game changers. Now could he really be the next Jack Ma in the making?”

Justin Sun is proving himself to be an aggressive entrepreneur who means business. It looks like Tron is prodding along well with Justin Sun leading the talented team.

For a detailed overview of price action for Tron, we recommend our latest technical analysis piece.

What do you think about the TVM launch? Do you think Justin Sun is living up to his hype? Let us know in the comments below!