Sunday, 05 July 2020

Justin Sun Announces Date for Official Launch of TRON Smart Contract Privacy Protocol

The TRON network has announced the completion of the public testing of its smart contract privacy protocol, and its smart privacy protocol will officially go live as an integral part of TRON 4.0 on 7th July 2020 (SGT), the network disclosed in a YouTube video.

TRON is a decentralized blockchain platform aimed at building a free global digital content system with distributed storage technology to make the sharing of digital content easy and cost-effective.

It will be recalled that the TRON foundation held its first non-profit MPC torch project in January this year. According to Justin Sun, who founded TRON, the MPC torch project is designed to reshape the internet by utilizing zk-SNARKS-based anonymity, as security and credibility remain a major principle of the TRON foundation.

The project, however, was said the world’s largest MPC project as it had a total of 196 participants in attendance from different countries across the globe. Hence in a bid to provide the initial credible parameters the TRON foundation has completed the implementation of instructions from zk-SNARKS and the public testing of deployed TestNet shielded transactions.

The foundation is set to release the smart contract privacy protocol as a structural part of TRON 4.0 by July 7, 2020. It is worth mentioning that the smart contract protocol upgrade of TRON 4.0 will not in any way add to TRX privacy features or make it anonymous. This is because the TRON foundation, as reported in the YouTube Video, has constantly worked on developing a safe public chain in compliance with global policies and regulations.

Nevertheless, the new smart contract privacy protocol has added a privacy feature to TRON 4.0, and ERC-20 standard token would henceforth be fully supported on the TRON network, allowing developers to perform the same operation as on Ethereum Network.

Also, developers can now access the shield of transaction features simply by implementing the smart contract.

While this is the latest development dedicated to improving the service offered by TRON to the world, TRON 4.0 has been compared to Ethereum’s upcoming upgrade Ethereum 2.0.


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