TRON News And Price Analysis: Peiwo App to Run For TRON Super Representative. Sunday, August 5
Important TRON News
Peiwo App to Run For TRON Super Representative
Peiwo App, which is one of the largest voice content community in China and the whole world, with more than 10 million registered users decided to explore TRON blockchain. Peiwo has noticed the possibilities granted by blockchain technology and they hope to create better applications and blockchain games. They have chosen TRON Network due to high TPS and no fees. They said: "Not only are we going to participate in the game development, we are going to run for Super Representative."
The super representatives of TRON Network are responsible for governing the mainnet, as it operates on the Constitutional idea where the system is co-governed by the entire community and acts in a way similar to delegate-based blockchain systems.
TRON Virtual Machine
Earlier this week, TRON held a special event for the test launch of their TRON Virtual Machine (TVM). The event was live streamed globally on various platforms and gathered over 1,200,000 viewers.
"TVM is a lightweight, Turing complete virtual machine devised for the development of TRON’s ecosystem. TVM aims at providing millions of global developers with a custom-built system for blockchain that is efficient, developer-friendly, stable, secure and easy to optimize."
Many developers who are fans of TRON technology have been waiting for this moment, as launch of TVM opens enormous possibilities for various dApps to be built. In the sum up post about the launch, they explain the variety of tools that will be available for developers such as tronweb, tronlink, trontruffle, tronremix which are alternatives to the Ethereum's tools. They also add that: "The above are the basic tools we have for DApp developers, and we will also provide 20 different types of game templates so the developers could refer to them, and easily create a DApp of their own. Detailed documents and tutorials will be provided as well, to help developers learn how to develop a DApp quickly with the tools."
The TVM is so extensive and offers so many things that it will have to write a separate article to explain all of its features.
TRX Price Analysis
The recent announcements, news and releases were visibly affecting the TRX price, however current market movement still brings it significantly down, as most of the top cryptocurrencies are falling as well. TRON's token has been trading for much more in past month than it currently does, with the January's all time high reaching almost $0.30. It is currently trading for ten times less, $0.03 and for strong TRON believers it may mean a huge room for hope and potential future gains if it ever manages to get close to these highs.
On the price chart in the past month, we can notice few notable price spikes as various events took place, like mainnet launch for example.
TRX/USD Price Chart, Sunday August 5th:
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