Tron-updates: token-Burns, Real World Asset products and hackathon are causing a sensation, but TRX course is fighting for climbing

Tron-updates: token-Burns, Real World Asset products and hackathon are causing a sensation, but TRX course is fighting for climbing

tron, a popular cryptocurrency, was very active in the past week and has recorded various important developments. In her weekly news, Tron reports on Token-Burns, Real World Asset products and a hackathon.

On July 6th, Tron officially started the Tron Grand Hackathon Season 5. Developers can win prize money of a total of $ 500,000. The participants can submit their projects in five categories: AI Strands, Web3, Defi, Artistry (NFT, Gamefi and Metaverse projects) and Builder. The submission period for the hackathon runs from July 6th to October 5, 2023. The community will then vote on the projects from October 20th to 27th

Another important development is the publication of The Great Voyage-V4.7.2 (Periander) on July 1. This is an updated version of Trons Mainnet. The upgrade brings with it various improvements, including an improved Stake 2.0 mechanism, a revised P2P network module, an optimized Smart Contract call and compatibility with the EIP-3855 from Ethereum.

In addition to these news, Tron presented two suggestions for Tron Stake 2.0. The first proposal is intended to help users withdraw their unstacking applications, while the second proposal enables them to adapt the blocking period for delegated resources. With these suggestions, Tron wants to promote the inclusiveness of his network and improve the compatibility between the virtual machines of Tron and Ethereum.

On July 5, Tron also started his first Real World Asset (RWA) product. This is Stusdt, which is just operated via the decentralized platform. Justin Sun, the founder of Tron, compares Stusdt with Alipays Yu’e Bao and sees this product the connection of traditional markets with the blockchain ecosystem.

Furthermore, Tron has also announced a permit for changing the bandwidth parameters in his network this week. This means that the users have less free bandwidth available. This measure is intended to ensure that network resources are used sensibly and efficiently.

Finally, Tron burned Trx on July 8, 12.303,752 to support his increase in value and deflation. This burned crowd is a sign of trons commitment to increase the value of the cryptocurrency.

At the time of going to the editor, Trx was traded at $ 0.076946 and there was a neutral market mood. Although Tron has recorded many groundbreaking upgrades and announcements, the cryptocurrency still fights for a price increase. It remains to be seen how the developments of the past week will affect Trx's course.

source:
- Tron weekly news on Twitter (@trondao)
- Tron dao (@trondao) on Twitter
- Tron Community (@tronixtrx) on Twitter