The Tron project on Monday launched its blockchain. But the platform is still not quite “independent” from Ethereum.
Tron was originally run on the Ethereum blockchain, and has the tokens TRX standard ERC20. The platform provides the payment function, storage and sharing of funds to entertainment resources, including games, online casino and social networks. About the plans of the project to move to their own blockchain mainnet has been known for a long time. The date of full transition, June 25, the developers have called “independence Day”. “Holiday” took place, though not quite as everyone expected. Tron launched mainnet, but have not yet completed the process of migration tokens.
Transfer the TRX to the new standard commenced last week and was supposed to end in “independence Day” to 26 June, Tuesday, the token holders can use them to vote for the validators, that is, the network members having the right to form new units. Competition among validators is part of the DPoS algorithm achieving consensus in a decentralized environment. Unfortunately, the above time frames were unrealistic.
“We expect that the change of standard tokens and migration will be fully completed within a few days,” — said during the official stream Tron founder Justin song (Justin Sun).
After the migration is complete, the user will be able to withdraw your tokens from the stock exchanges. However, as stated by the sun, the voting for the validators will still begin today, though it will be stretched about 5 days. This is due to the fact that all token holders will need some time to get the TRX of the new standard.
Meanwhile, each validator needs to recruit 100 million votes to be elected (one token is equal to one vote). TRX holders will be able to participate and observe the voting on the Scan Tron. The completion of the voting, marks the onset of the final independence of Tron.
Sun also confirmed the site of the project that mainnet Tron already produces more than 10,000 blocks of transactions and has nearly 400 nodes.
Recall that 14 June was the launch of the EOS blockchain, which was also accompanied by a delay. The reason for this was the vulnerability discovered in testing stages of the network, and other hitch.
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