Tron 4.0 will be released in July
Justin Sun, co-founder of the blockchain platform Tron, announced the launch of the expected update.
The start of a new era for TRON
Justin Sun, co-founder of the blockchain platform Tron, announced the launch of the expected update. According to an announcement from the TRON Foundation, the launch of Tron 4.0 is scheduled for July 7. The expectation regarding the transformation that the new update of the Tron network will entail is significantly positive: the announcement states that, after the update, TRON will undergo a transformation that will involve moving from being a project based on blockchain technology to becoming the industry reference network.
The call was "Odyssey" will come to an end with the new update and will kick off a new era called "Great Journey". The announcement explains that this new era will be focused on the development of a protocol that is based on smart contracts, called "Smart Contract Privacy Protocol". In addition, the new protocol will improve the efficiency of the network in energy terms and is expected to be the most productive and secure. The main objective of the new update is to achieve a prominent place in the construction of a new financial infrastructure that manages to attract companies, financial institutions and users to the blockchain industry.
A team of 196 developers from around the world is responsible for developing the MPC Torch Project (Multi-Party Computation). They were tasked with implementing the zk-SNARK (Zero Knowledge Succinct Non-Interactive Knowledge Argument) technology running on the Zcash Blockchain (ZEC). The zk-SNARK technology provides security to the network as it protects sensitive information in every transaction made, such as the amount of money sent. In the announcement they state that: "This will mark the first time in history that zk-SNARKs will be implemented on a blockchain powered by smart contracts."