Chapter cryptocurrency project Tron Justin San (Justin Sun) said that today’s update ON Odyssey to version 3.1 will allow its network to run 200 times faster Ethereum and cost 100 times cheaper than EOS.

He also noted that the release functions of the Committee and the virtual machine Tron (Tron Virtual Machine) will enable developers to test smart contracts before their launch in the core network and in General will mark the advent of smart contracts.

Based on community consensus, #TRON will be upgrading to 3.1 Odyssey at 8pm SGT. The TRON Committee function & TVM will go live, marking the start of the Smart Contract Era. TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you! $TRX

— Justin Sun (@justinsuntron) October 8, 2018

On the background of this message, TRX rate today has risen almost 11%, and at the moment, according to CoinMarketCap, the price is $0,02650 per unit.

Recall that the San presented to the virtual machine Tron at the end of August, stating that the development project will lead to nlway phase in the industry. Previously, the project acquired the company BitTorrent and hopes to use “to enable all content creators and their communities the opportunity to cut out the middleman and directly allow you to distribute content among users.”