Tron CEO Justin Sun has stated that the Tron Network will be faster and cheaper than competing networks. In a tweet he said that Tron will beat Ethereum in speed 200 times, while it’s 100 times cheaper than EOS. The value of the TRX token, part of the decentralized Tron network, has surged 8 percent in value on Monday.
The latest update for the Tron Network, Odyssey 3.1, includes the launch of the TRON Virtual Machine. This allows developers to test smart contracts before deploying them on Tron’s main net.
Tron has seen a wave of positive news lately. In July the company bought the popular p2p data sharing protocol BitTorrent. Currently one TRX is 2.6 dollar cents, while its all time high in January was over 21 cents.