Decentralized internet” protocol TRON’s TRX token surged almost 8 percent Monday, October 8, after CEO Justin Sun claimed its forthcoming update would see it beat Ethereum on speed and EOS on cost.
Odyssey 3.1, the latest version of TRON, will go live at 8pm SGT, Sun confirmed on Twitter as a result of “community consensus.”
The changes include the launch of the TRON Virtual Machine, which will allow developers to test smart contracts before they transfer to the TRON mainnet.
“The TRON Committee function & (Tron Virtual Machine) will go live, marking the start of the Smart Contract Era,” Sun continued in the tweet, stating boldly:
“TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you!”