Tron launched the TVM (Tron Virtual Machine) on August 30.
After the launch of TVM, the total number of transactions on the Tron network peaked at 440,135. After reaching this number, the transactions have calmed down a bit. But keep in mind that TVM is not instantaneous.
On the Way to the New Stage of TVM
Since the launch of the main network (MainNet), the network has reached 311,712 accounts proving to be one of the most important decentralized networks in the world, as network accounts and daily transfers have seen good growth. As we have reached the next stage of Tron's evolution, we are all waiting to see what this phase means.
What is TVM?
The TRON Virtual Computer (TVM) is a virtual machine that has been tuned for the TRON environment. Its purpose is to give a customised blockchain system that is efficient, convenient, reliable, safe, and scalable to millions of worldwide developers. The virtual machine is a platform that allows developers to construct decentralised apps (dApps) that are launched on each node of the tron network using "smart contracts" ( SR ). And it does so with the most widely used programmes. On Ethereum, there is no need to learn a new language like Solidity.
Furthermore, the TVM covers the concept of bandwidth. Unlike the Gas Mechanism in the Ethereum EVM, transaction operations or smart contracts in the TVM are free, with no tokens consumed. This can save app developers a lot of money. The new TVM will also allow developers who have created dAPPS on EVM (Etherum virtual machine) to move applications to optimize speed, reduce costs, and share on a more scalable network. All in a really easy way to do.
While a large number of decentralized applications continue to use the ethereum evm as their platform, feedback from developers has revealed that platforms like ethereum are no longer capable of meeting the expected needs, as per tron's demand.
The Future of TVM
TVM opens a new dimension for the gaming industry, social networks, content distribution, financial world and allows TRON users to have more applications to use.
What are smart contracts?
Smart contracts are automated contracts that are self-executing with specific instructions written into their code. The contract will be executed when certain conditions are met. Smart contracts are transparent and cannot be modified once deployed. Therefore, it provides a transparent and conflict-free way to perform certain tasks without the need for a central authority.
Why is TVM big?
TVM is designed to be compatible with the Ethereum VM (EVM) environment so that Ethereum developers can compile and tweak their existing code in an environment so that Ethereum smart contracts can be easily transferred to TRON. After testing DApps on TVM, DApps will be uploaded to TRON MainNet and run on the TVM of TRON's Super Representatives (SR) nodes so the public can actually access it. TVM will also support the most common VMs soon (i.e. EOS). The ease of these transitions from a development point of view will attract many new developers to TRON. Therefore, we can expect many useful and interesting apps that will be introduced on the TRON network in the near future.
Different from the high cost of Ethereum's GAS
Also, by using TVM bandwidth instead of Ethereum’s EVM, which relies on gas (internal prices for executing a transaction or contract on Ethereum), transaction and smart contract operations are free on the TRON platform . On Ethereum's smart contract platform, programmers will have to be careful with their code and limit program complexity to reduce gas fee. With TRON's TVM, developers will have much greater flexibility to program more complex and interesting applications without worrying too much about the cost of certain tasks/transactions.
In summary, TVM's compatibility with existing systems and the solution to solve the shortcomings of other systems will attract many developers to TRON.
For More Information visit: www.blockchainx.tech/tron-token-development
