On 8 October 2018, TRON’s CEO Justin Sun, through his Twitter account, claimed that the new update on TRON, that went live on the same day, would provide it with speeds that are much faster than Ethereum as well as make it much cheaper than EOS.
In a tweet, Sun stated, “TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you!”
TRON (TRX) Price Today – TRX / USD
The updated version of TRON, known as Odyssey 3.1, featured the TRON Virtual Machine that developers can use in testing their smart contracts before they actually transfer them to TRON’s mainnet.
Furthermore, Sun highlighted that The TRON Committee function would also be integrated within the update in order to increase implementation of smart contracts.
The announcement by TRON’s CEO saw the value of TRON’s TRX token rise by almost 8 percent. This was a great improvement for TRX considering that had been facing a decline in 2018 and was trading at $0.027 per token compared to the previous years when it was trading at over $0.21.
Similarly, Tron’s recent integration with BitTorrent, the content sharing platform, to form the Project Atlas is a clear indication that it is moving in the right direction.