All ICOICO statsRatingReviewsBlogNews Wallets Mining Exchanges Chart Events
Join

Tron’s Virtual Machine Will Go Live Tomorrow After Vote - Tron News. Thursday, October 11th

11 october 2018, 23:55 by Jesús S. Affigne

Tron’s Super Representatives voted for TVM activation, will go live tomorrow

22 votes settled the agreement to turn it on

A voting for the activation of Tron’s Virtual Machine (TVM) on the mainnet has achieved the support of 22 Super Representatives (SRs) out of the 27 positions, and it is scheduled to go live on October 11, at 12:00 p.m. GMT, or epoch time 1539259200000. The announcement was made by SR CryptoGuyInZA, who was also the proposer of the initiative.

“Latest update on the vote to accept #TVM activation on #Tron network. 22 #TronSR have accepted so far! The decision to activate has been reached,” he said via his Twitter account, just one day after he proposed its activation.

The proposal, as stated in Reddit by Grandpa_Willy, will turn on the long-awaited smart contracts feature on the Tron Network, enabling the community to begin working on it. The epoch time mentioned above marks the deadline for the voting so the outcome can be automatically executed.

This represents a big milestone for the Tron community, as it marks the beginning of the smart contracts era for the network created by Justin Sun. Aside from developing on top of it, users will be able to import existing Ethereum smart contracts and run them on the blockchain which, according to Grandpa_Willy – and Sun, when he announced the launch of Odissey 3.1 – will be much faster than Ethereum.

Proposals made for the modification of certain variables that rule the network can be approved or rejected by the Super Representatives – individuals, groups or companies owning computers powerful enough to run super nodes and have been elected for the seats by token holders within the Tron community. 

The position of SR is always in constant monitoring, and while a candidate could be SR by gathering enough votes for so, it can also lose it in the next voting cycle, which occurs once every 24 hours. This way, a SR candidate will have to work hard every day if they wish to keep their seat within the Tron Network.

Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.

Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.

You may also like

Comments

Write comment 0 comments

You need to login to create comments.

Get the week’s best ICO right in your inbox