Tron weekly report; TRX listed on two new cryptocurrency exchanges

On 3rd September, Justin Sun, the CEO and Founder of Tron Foundation released its weekly report on Twitter.  The report contained a full overview of the progress the foundation had made in the past week. They also covered multiple aspects which included areas of technical development, community activities etc.

Work completed

There have been changes in the structure where a complete optimization of the deduction mechanism has been made. The report also claims to have added the unit test of the deduction. The committee proposed to improve the documentation process and a new network update comprised of Transfer Control protocol connection attack test and a TCP message test.

Work in progress

The Tron Virtual Machine witnessed a new upgrade which included improvement of test cases, storage, Virtual Machine, and deduction related documents. One of the new components in the network covered the development of order guaranteeing feature for block broadcasting. Design multiple signature schemes have been added to the wallet.

Community activities

On 28th August, Tron official WeChat store had offered a campaign for a limited time known as the “blockchain global ecosystem, 66.66RMB to the future”. The Japanese community was introduced to Tron in a detailed interview by the Tron mascot and its host. The Japanese community also released an official introduction video of Tron on the same date.

Team and Partners

Tron officially announced the ERC20 coin burn where an overall of 93.09% of the ERC20 tokens was burnt out of the 100 billion TRX which were issued. They also released an official clarification on the TRX coin burn and are committed to continuously contribute towards the development of the Tron network.

On 28th August, Bixin wallet had resumed deposits and withdrawals of TRX on the Tron MainNet. The Japanese Blockchain vertical media platform BitTimes released an article introducing TVM which was devised for the development of the Tron’s ecosystem.

Meanwhile, Tron has been listed on two more cryptocurrency exchanges named Extrates and Coindeal.