TRON experienced a successful hard fork on Friday, February 28, with is Odyssey release adding new upgrades to its blockchain network. TRON Foundation founder Justin Sun had announced the community before the upgrade date.
The Odyssey 3.5 TRON upgrade has finally been released. The upgrade’s most implementations are multi-signature addresses and account management.
In addition to these, Odyssey also includes the following features:
- “50 percent performance upgrade compared to current levels
- Event server for decentralized applications
- Better Virtual Machine safety
- Dynamic energy adjustment to real-time network performance”
— Justin Sun (@justinsuntron) February 28, 2019
The head of Tron public chain division, Marcus Zhao, made a post on Twitter regarding the successful execution of the Odyssey 3.5 release. He also posted the link for the GitHub page of Odyssey 3.5.
— Marcus Zhao (@Marcus_ZhaoHong) February 28, 2019
In a recent Ask-Me-Anything (AMA) session held on their Telegram Group, TRON CEO Justin Sun gave new details regarding the new upgrades. Other topics included future developments, the BitTorrent Token (BTT), and the recent software upgrade.
Sun’ s initial remarks for the Odyssey 3.5 upgrade were:
“This MainNet upgrade is a significant one for TRON since last December. Previous upgrades were mainly for setting up the network, while this upgrade is the first major improvement of the network performance.”
Sun also talked about the advantages of introducing multi-signatures. He went on to explain how using multi-sig addresses will facilitate the easy management of TRON (TRX) and cryptocurrencies based on the Tron protocol.
“Multi-signature is essential to institutional investors and investors with high net worth because institutional investors usually use institutionalized approaches to keep cryptocurrency assets, which are managed by multiple parties and with multi-layer procedures. Therefore, multi-signature allows multi-layer management of cryptocurrencies. It’s fair to say that without multi-signature, there will not be institutional investors.”-said the founder.
Tron launched in the previous month the BitTorrent (BTT) token, a Tron-based dApp, compatible with the TRC-10 protocol. BitTorrent’s clients will use the BTT token as a means of payment for higher network and download speeds.
Featured Image: BTCNN