Tron Is Preparing Four Major Updates, Including zk-SNARKs Technology
In the 2Q of 2019, developers of the Tron platform are planning to present several important updates and new tools to enhance the functionality of the network. n the second quarter of 2019, developers of the platform for decentralized Tron applications are planning to present several important updates and new tools to enhance the functionality of the network.
Four major developments for #TRON in coming weeks & months of Q2:
1. BitTorrent Speed, $BTT
2. Institutional-friendly multi-signature & account management
3. USDT-TRON stablecoin launch on #TRX blockchain
— Misha Lederman (@mishalederman) March 20, 2019
At first, this is BitTorrent Speed, an application with which users will receive rewards in BTT tokens for distributing torrents.
Secondly, the developers plan to add support for institutional users-oriented wallets with the multisign function, as well as a more advanced account management system.
Thirdly, Tron is preparing to launch the USDT token on the blockchain - its implementation is carried out as part of a partnership with the issuer of steklokoinov Tether. The new TRC-20 token will be compatible with all protocols and decentralized Tron-based applications.
We add that on the eve of the upcoming support of the stablebcoin Tron announced the cryptocurrency exchange OKEx.
USDT-TRON Will be Supported on OKExhttps://t.co/OZXSb8d2KY
— OKEx (@OKEx) March 21, 2019
Finally, it is planned to add new features designed to increase the privacy of transactions. In particular, we are talking about the technology zk-SNARKS, which was originally adopted by the developers of cryptocurrency Zcash.
Note that the plans to integrate zk-SNARKS cofounder Tron Justin Sun mentioned last fall in the podcast Bad Crypto.
According to Justin Sun people do not want their private data to be stored with Facebook or Google, which can manipulate and target users with these data. No one wants to give them this data. Therefore, that the best way to limit the transfer of personal data to third parties is decentralization.
Recall that in late February, the Center for the Development of the Information Technology Industry of China (CCID) published another rating of cryptocurrencies, in which Tron (TRX) first appeared. At the same time, the cryptocurrency immediately ranked second, passing only the unchanged leader of the EOS rating ahead.