Connect with us

Altcoins

Tron Foundation reveals plans for one-click blockchain development, delegation mechanism

Chayanika Deka

Published

on

Source: Pixabay

The Tron Foundation has come a long way since its inception, with the Foundation consistently in the news for its array of developments and achievements. Tron’s performance over the last few years has also been highlighted by Founder Justin Sun’s marketing skills.

Justin Sun recently shared the Tron Foundation’s latest weekly report, revealing an array of developments in the network. Sun’s tweet read,

The report highlighted the technical developments that took place last week in Tron’s ecosystem. The Foundation has built a consensus module for one-click blockchain deployment, along with a tested shielded transaction. Additionally, optimized parallel signature verification for smart contracts has also been developed.

Tron has time and again proved its DApp dominance, with Tron recording a total of 239,900 daily users. About 8.63 million transactions were recorded on the network with a transaction volume of $75.33 million. The Tron Foundation currently hosts 567 DApps on its network.

Further, the report revealed that the block height of Tron had surpassed 12.26 million with a total of 1,069 nodes. Real-time accounts on the network were up to 3,567,397, as this week recorded the addition of 42,157 new addresses. The total number of transactions on the network reached 637 million, with the addition of 12.35 million transactions over the week.

The report also disclosed plans scheduled for next week, highlighting the development of a delegation mechanism for one-click blockchain deployment. The optimization of Oracle retry mechanism is also scheduled for the coming week.

Regardless of the several developments in the network, the price of Tron’s native coin, TRX, dropped by 9.82% over the last seven days. At the time of writing, the coin was valued at $0.0158 with a market cap of $1.06 billion. In other news, Justin Sun was also in the news after noted crypto-analyst, Josh Rager, accused Sun of buying Twitter followers.

Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.