TRON (TRX) to Launch Exodus Upgrade in Beta, March 31. Better Smart Contracts?

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TRON is among the highest-volume altcoins trading on the major exchanges. With a coin market cap of over $4 billion, it’s proven itself as a coin that people see value in, despite (or perhaps because of) its low price-tag of 6-7 cents. They’ve stepped up their R&D, and Exodus is planned for launch on March 31.

According to Chen Zhiquiang, TRON’s CTO, Exodus has combined the advantages of several other blockchain systems into one upgrade. Trading models are UTXO-based (Unspent Transaction Output), meaning that a transaction output can be unlocked with the private key at the recipient’s address. There is no common storage of user balances. Instead, UTXO blocks are like coins that get passed from one wallet to the next. This is how Bitcoin works, unlike Ethereum which is mostly based on balances that are kept as a global state, more similar to how a bank account might work. Generally, the method used by Ethereum is easier to work with, in terms of smart contract execution and decentralized application development. On the other hand, UTXO is generally better for transparently tracking historic transactions through the public ledger. It appears that TRON will be developed to take advantage of the best of both worlds.

Among TRON’s main advantages are speed and cost. It’s reported to achieve over 1,000 transactions per second, and the transfer fee is near zero, at 1/1,000,000 TRX per transfer. Compare that to the astronomical Bitcoin fees that exist today and it makes TRON very appealing (though, the Lightning Network is said to reduce Bitcoin fees substantially). With such low network fees, TRON comes close to what one might expect with a cash transaction.

TRON is fully capable of smart contracts via the TVM (TRON Virtual Machine). It’s said to be lightweight, fast and scalable, addressing several of the problems associated with Ethereum a la Cryptokitty congestion. Today, most ICO tokens are released on Ethereum’s ERC-20 platform. If TRON delivers as promised, it could be a gamechanger for ICO development and execution, and it’ll be among several cryptocurrencies that are smart-contract enabled. Ethereum is still the leader, but that could change as competing technologies prove better for certain tasks.

With this upgrade also comes a set of distributed network management and monitoring utilities. The network will self-monitor for potential risks and performance issues. With the recent IOTA attack top of mind for many crypto-investors, it’s a feature that adds much value, not to mention a more decentralized solution than the recent and exciting VeChain Cryptocurrency Disaster Recover Plan that was announced earlier this week.

TRON founder, Justin Sun said, “We believe in the three major values, which are also the foundation for Internet 4.0: trustworthy decentralized applications, blockchain 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.”

This vision presents a strong use-case for TRON as a vehicle for content distribution and digital subscriptions, and with the upcoming release of the Exodus upgrade, it will be that much closer to fruition. With upgrades like this, TRON may very well be a bargain at its current 6-7 cent price point.

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