Today, TRON officially announced the latest progress of the project development, showing that the main network functions were all set and it will be launched on March 31. This should be the second important upgrade after the open source on December 29, 2017.

We also learned from Chen Zhiqiang, the leader of TRON’s technical department that during the R&D of main net, it integrated the advantages of multiple blockchain systems and proposed and realized the following core functions:

1. With UTXO-based trading models, history transactions can be transparently tracked through the public ledger. UTXO boots concurrent processing capability and enhances network performance. Create the concept of transaction account that is in consistent with real-world application through abstraction based on UTXO technology.

2. Achieve over 1 thousand transactions per second with PoS-based TBFT consensus mechanism which adjusts the account takers of a transaction according to the speed and delay of the block.

3. Support ultra-low fee transfer (10e-6 TRX per transfer).

4. Provide a secure execution environment for smart contract byte-code with TRON virtual machine (TVM). TVM has following advantages: lightweight, fast loading, resource isolation, high scalability etc.

5. Support smart contracts written in programming languages such as Java. Compile them into TVM byte-code with TRON compiler for high execution performance.

6. Provide common ABCI (Application BlockChain Interface) with consensus engine and Blockchain state machine loosely-coupled architecture.

7. Provide distributed network management and monitoring utilities. Visualize TRON operations and performance to easily track the status and potential risks.

The founder of TRON, Justin Sun noted that, “First, I would like to express my gratitude to all of you, for your attention and support to TRON and for your trust in our team; and to our developers as well, for their strenuous development work. With unremitting efforts of TRON’s technical team, the test for TRX main network is about to start. The launch of main net this time will be a vital node in TRON’s development history. But this won’t be an end. TRON is a blockchain operating system we built to bring the original intention of Internet and to realize decentralization. We believe in the three major values, which are also the foundation for Internet 4.0: trustworthy decentralized applications, block chain enabled smart contracts and digital values that everyone can access and distribute.

Centering on TRON, people will obtain a global-scale free-content entertainment system, from which the entire decentralized Internet ecosystem will be stretched out. We will continue to upgrade and optimize our main network from security, scalability, privacy, user experience and other aspects and finally provide better services to our partners and developers. We welcome TRON’s believers and supporters worldwide to join us and witness our future together.”

TRON is a decentralized content protocol on the basis of blockchain, whose purpose is to establish a worldwide free-content entertainment system through block chain and distributed storage technology. This protocol enables every user to distribute, store and own data freely; meanwhile, under decentralized autonomy, it could determine the distribution, subscription and push of contents by means of digital asset distribution, circulation and transaction, enable content creators and finally form a decentralized content entertainment ecology.

TRON was founded by Justin Sun, the former chief representative of the Greater China Region of Ripple, the first batch of students of Hupan University, one of the 2015/2017 Forbes 30 Chinese entrepreneurs under the age of 30 and one of the 2017 Forbes 30 Asian entrepreneurs under the age of 30. As of January 18, 2018, 12 o’clock, according to coinmarketcap.com, an authoritative information website in virtual currency area, the total market value of TRX — TRON’s official token — has entered Top 15 at present, ranking Top 13 with a total market value of 10 billion USD and a daily trading volume of 4.6 billion USD. At least 500,000 people worldwide are now holding TRX.