TRON, the blockchain development platform has prepared itself with a slew of network upgrades and will undergo a hard fork on Feb 28th. The development has been confirmed by CEO Justin Sun on Feb 23th.
As per the announcement, the new upgrades are done with a view to attracting more institutional users as well as features like multi-signature abilities and account management options. As per Sun’s tweet:
TRON will launch 3.5 hard fork upgrade on Feb 28th.
- New Features that will be included are:
- Multi-sig and acct management, institution ready
- Dynamic energy adjustment to real-time network performance
- 50% up performance & res usage
- Better VM safety, events server for Dapps.
Sun in a follow-up tweet revealed the purpose of the hard fork as the platform has been receiving rising demand from institutional investors like hedge funds, financial institutions and mainstream investors. BitGo, the world’s largest processor of Bitcoin transactions and provider of institutional grade cryptocurrency is going to add support for TRON.
Multi-sig, acct mng and custody are three major requirements from institution. Recently we have received numerous demands from hedge funds, mainstream investors and financial institution. With 3.5 upgrade and the partnership with @BitGo, #TRON is ready! #TRX $TRX https://t.co/w95p3Jy4tN
— Justin Sun (@justinsuntron) February 24, 2019
The multi-sig upgrade in blockchain network which requires multiple authorizations to validate transactions will take TRON ahead on Bitcoin. And, the “Dynamic energy” would help TRON network to enhance efficiency and quickly streamline the energy consumption.
Join the Discussion on Telegram