TRON Blockchain Launched

After months of preparation, TRON has finally launched its own Blockchain. The project went live on May 31, and this marked the beginning of the transition from the Ethereum ERC-20 Blockchain to its own TRON Blockchain. The launch went off without any glitches or hiccups, which is a credit to the TRON team.

The challenge the project now faces is whether it can live up to expectations. The new TRON Blockchain is known as Odyssey 2.0 and is the project’s first step towards becoming completely independent.

The Transition

While the manner has been launched, it will take time for the complete transfer of TRON’s token, TRX, from its current home in the Ethereum Blockchain. The exchange of the project’s tokens are expected to be supported by most of the cryptocurrency exchanges across the world, however, users will need to take certain actions to facilitate this transition and also ensure that they don’t lose any of their tokens in the process.

Users have till between June 21 and June 25 to get things in order before the final transition to the TRON Blockchain. And before this final step is taken, there will be a public beta of the new mainnet.

High Expectations of the New Mainnet

There is a lot of excitement about TRON’s mainnet launch. The project has already seen a massive jump in its value in the last one year, with its token price skyrocketing by 2,150%. This is because the project’s Blockchain will support not only the TRX cryptocurrency, it will also support other DApps (decentralized applications) and smart contracts that will have real-world utility and be a direct competitor to the Ethereum network.

Immediately after the launch, the founder of TRON, Jason Sun, announced a huge reward of up to $100k for anyone who can find bugs in the project’s mainnet. The will run from Jun 1 to June 24. If someone if able to find a seriously big bug in the network, then they actually win up to $10 million.

This is being touted as a really smart move. Through this contest, the project will be able to fix any issues with the mainnet before the final transition, thereby making TRON an even more secure network.

Despite the fact that there has been so much fanfare and excitement about the launch of its new Blockchain, the price of TRON has dropped by more than 5% since the launch to trade at $0.058145. However, people are still expecting the token’s price to skyrocket in the near future – maybe even touch $3.