Vaultoro - Buy gold with bitcoin in seconds
BTC S7,227.80 (-1.02%)
Wed, 11 Dec
  • Conferences & Events
  • Latest News Updates
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Newsletter
CryptoNinjas
  • Crypto Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Services

The Future Brightens for TRON Following Successful Launch of Sun Network

September 23, 2019
The Future Brightens for TRON Following Successful Launch of Sun Network

Bitcoin has Lightning Network, Ethereum has Plasma. Now, TRON, the 13th ranked cryptocurrency by market cap, has a scaling solution to call its own. Sun Network version 1.0, the first iteration of its proprietary sidechain, is designed to significantly enlarge TRON’s mainnet capacity, utilizing a series of scaling developments in tandem with cross-chain solutions, a new app titled DAppChain and smart contract optimized application sidechains.

Unlimited Horizons

The bold promise of Sun Network is “unlimited scalability,” suggesting that TRON’s are extremely confident in the results their latest venture will bring. Although sidechains are not without their trade-offs, TRON’s CEO and founder Justin Sun seems pleased with what his team has accomplished so far. 

The founder has put his name to Sun Network after all, which indicates confidence in its ability to bring tangible benefits to entities utilizing the sidechain solution. Among the developments most worthy of note are the aforementioned DAppChain, a project designed to facilitate and turbocharge sidechain scaling. DAppChain allows decentralized applications to run securely using far lower power consumption and with increased efficiency. Like the mainchain, Sun Network uses a DPoS consensus algorithm and supports most of the same smart contract functionalities. As such, it essentially operates as “TRON lite,” while enabling sidechain users to send transactions to the mainchain as and when required for full finality.

With Great Power

Sun Network’s sidechain will also allow customizable transaction confirmations, transaction rates, and the setting of sidechain incentives, allowing developers to harness a suite of powerful tools. The philosophy espoused by TRON seems to be to put as much power in the hands of developers as possible. A series of Sun Network walkthroughs has been provided by TRON, demonstrating how to build dApps on DAppChain, and how to interact using js-SDK and java-SDK.

Justin Sun and his team will be hoping that Sun Network will sweeten the deal for dApp developers who may have been pondering taking the plunge and building upon the smart contract network. With competition among second-gen blockchains heating up, developers today are presented with an embarrassment of riches. Whereas only a year ago, Ethereum was the only viable network for launching decentralized applications, today a robust ecosystem of smart contract platforms has spawned, each promising high throughput and scalability coupled with low resource costs.

Cheaper Than the Mainchain

Although EOS provides free transactions to end-users, the costs to developers can be high, as they are obliged to pay potentially crippling RAM costs for high volume applications. Sun Network promises resource consumption that is multiples lower than on the mainchain, enabling dApp developers to launch scalable applications whose maintenance costs remain manageable, regardless of demand.

Winning the hearts and minds of dApp developers is one thing of course; winning the affection of the fickle dApp-playing public, however, is quite another. Through lowering the barriers of entry for developers, TRON’s approach is to foster a building boom. With any luck, when the dust has settled, a handful of the applications to have launched on Sun Network will have gained traction.

FacebookTwitterLinkedinRedditE-MailTelegram

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Updates

Quant Network and SIMBA Chain combine for interoperable smart contracts

Blockchain technology company Diginex joins Microsoft’s ScaleUp program

Digital Gamma launches new repo protocol for cryptocurrency

Coinme expands bitcoin buying network to over 90 Dallas area Coinstar kiosks

Blockchain voting platform Voatz participates in U.S. Census Bureau’s technology demo day

Where to Exchange

itBitAmerica’s first regulated bitcoin exchangeVisit
LukkiCrypto exchange with an innovative gamification processVisit
PayBitoGlobal platform for bitcoin & cryptocurrency exchangeVisit
PayBito
Vaultoro is the first fully real-time bitcoin gold exchangeVisit

CryptoNinjas Newsletter

Trending Views

Beta version of Beam’s atomic swap marketplace now live

Blockchain privacy protocol Enigma explores new use-cases with Chainlink

SpaceChain sends blockchain hardware wallet to International Space Station

IDEX 2.0 offering 50% of all trade fees to users staking their token

Jelurida’s Coalculus blockchain set for launch along with airdrop

Crypto exchange ChangeNOW freezes 9 ETH deposit from Upbit hackers

SUKU and DreamView Studios to bring supply chain transparency for the virtual world

SatoshiPay pilots global blockchain payments wallet for businesses

Cross-chain liquidity protocol Ren launches developer portal; first 3rd-party dApp built

  • Home
  • Crypto Links
  • Data
  • About
  • Contact
NEWSLETTER

© 2020 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Listings & Tech
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2020 CryptoNinjas Disclosures | Privacy Policy