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- After announcing the change of the domain name to a single-letter, t.network, Justin Sun has declared that the “bull is coming”.
- TRONZ’s Chief Technical Officer introduced the first virtual machine for smart contracts that supports privacy.
The TRON Foundation has announced yesterday a change to its domain name. The platform, according to a statement, will move to a “single-letter top-tier domain name”. Although there are no changes to the content that can be viewed by the users, the TRON Foundation stated that the “one-letter prefixes are (…) the most impressive domain names”.
In addition, the statement argues that the new domain name speaks for the rarity and value of the platform. In that sense they expect an increase in visits to the new domain and to the TRON platform. The change is part of the upgrade to TRON 4.0 that will mark the end of the “Odyssey” era and the beginning of the “Great Journey” era. The upgrade will allow TRON to become a blockchain technology focused project and a “trend setter” for the industry, according to TRON CEO Justin Sun.
In addition, the platform will place greater emphasis on being user and business friendly. The platform hopes to contribute to building a new financial infrastructure for the next generation. TRON 4.0 seeks to become the entry point for financial institutions, businesses and users into the blockchain industry and the change in the domain name is supposed to contribute to this. In that sense, TRON CEO, Justin Sun, stated:
The simple domain name not only contains collectible value but may also help deliver more premium investments. Its biggest significance lies in the building of company brand and business value. As we’re ushering in the era of TRON 4.0, the powerful addition of a top-tier single-letter domain name further contributes to the already robust TRON network, reinforcing the benefits of its four major features.
Via Twitter, Sun celebrated the change and stated that the “bull is coming”. In the crypto community the response was mixed. While some users celebrated Sun’s domain change and announcement, other users expressed their criticism on Sun’s announcement policy.
#TRON BULL is coming! #TRX pic.twitter.com/YMa3ocMMVv
— H.E. Justin Sun 孙宇晨 (@justinsuntron) July 7, 2020
TRON develops smart contract virtual machine that supports privacy
On the other hand, TRONZ Chief Technology Officer Matthew To made a publication announcing the enablement of two features to strengthen privacy at TRON. The announcement was part of the global launch of TRON 4.0 and, as reported by CNF, allows the updated platform to have the first smart contract virtual machine to support privacy.
The project was developed for over a year by the TRONZ developer community and according to the release, all contracts and transactions can be shielded in the TRON ecosystem, as Matthew To stated:
With the shielded transaction protocol defined, we than go to create our shielded TRC-20 contract. We have implemented the shielded TRC-20 contract related core functions in TIP-135, which can hide the source address, destination address, and the token amount for TRC-20 transaction and provide users with better privacy. The shielded TRC-20 contract has three core functions: mint, transfer and burn.
