Key Takeaways:
- TRON’s latest MainNet update, Great Voyage—v4.7.2 (Periander), introduces new governance proposals and significant enhancements in usability, compatibility, scalability, and network performance.
- The updated Stake 2.0 mechanism provides users with more flexibility in staking, while compatibility with Ethereum’s EIP-3855 fosters interoperability between TRON and Ethereum ecosystems.
- TRON’s overhauled P2P network module introduces four crucial features, including a pre-detection mechanism for nodes, DNS protocol implementation, IPv6 protocol support, and message compression, all aimed at enhancing network stability, reliability, and transmission efficiency.
On July 1st, TRON, a prominent player in the blockchain space, unveiled Great Voyage—v4.7.2 (Periander), a refined iteration of its MainNet. This update unveils new governance proposals and pivotal enhancements.
The latest version of TRON’s MainNet demonstrates improved usability, compatibility, scalability, and network performance. Thus, fortifying system functions and bolstering engagement within TRON’s ecosystem.
Justin Sun, the founder of TRON and a member of the Huobi Global Advisory Board, reiterated the firm’s steadfast resolve to cultivate the TRON ecosystem. The organization aims to entice an increasing number of developers, capital, and users.
It also aims to foster collaborative endeavors for the nurturing of top-tier projects, thereby maximizing societal value. Concurrently, TRON remains committed to bolstering its infrastructure and enlarging its DeFi ecosystem.
The goal of democratizing financial freedom to the world’s population is to instigate a paradigm shift in the cryptocurrency domain. The MainNet update features four crucial enhancements: an evolved Stake 2.0 mechanism, compatibility with Ethereum’s EIP-3855, a streamlined smart contract interface, and an overhauled P2P network module.
Specifically, TRON’s Stake 2.0 introduces two essential governance proposals aimed at offering users a more adaptable staking experience. The first proposal empowers users to cancel unstaking requests, granting them heightened control over their staked assets.
The second proposal allows users to tailor the lockup period for delegated resources to suit their unique requirements. Furthermore, Periander ensures harmony between TRON’s and Ethereum’s virtual machines by becoming compatible with Ethereum’s EIP-3855.
This lowers the costs associated with deploying smart contracts on TRON’s network, making it more appealing to developers. A TRON executive highlighted that the enhanced compatibility between these public chains will facilitate smoother asset circulation.
Additionally, TRON has streamlined interfaces for smart contract calls, which now offer estimated transaction fees to developers. This has simplified the smart contract deployment.
This efficiency enhancement is expected to catalyze the development of high-caliber DApps, contributing to a burgeoning TRON ecosystem. In a major overhaul, the P2P network module of TRON MainNet Periander introduces four critical features.
These are, pre-detection mechanism for nodes, DNS protocol implementation, support for the IPv6 protocol, and message compression. These functionalities work collectively to enhance the network’s stability, reliability, and transmission efficiency.
Justin Sun, speaking at a TRON community event, expressed his dedication to fast-tracking TRON’s global expansion and compliance measures. TRON will continue to build a thriving ecosystem.
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