Tron Introduces A New Blockchain Smart Contract Development Kit

by | Oct 11, 2018 | Blockchain, Cryptocurrency, Cryptocurrency News

Tron | Smart Contract | Tron Network

It is a well known and accepted fact amongst the enthusiasts of Blockchain technology and Cryptocurrency enthusiasts that the said technology is in its baby stage. The scope, opportunities, and advancement are evolving on a day-to-day basis; a vast and foreseeably blockchain technology sound future lies ahead of us.  A step closer to uncovering the possibilities pertaining to blockchain and cryptocurrencies, Tron introduces a new blockchain smart contract development kit to improve its TRX network.

While the foremost cryptocurrency Bitcoin was originated with the intention to process transactions and work as a store of value, many cryptocurrencies such as Tron was aimed at doing much more than that. The third generation of blockchains supports various other functionalities and features like smart contracts, decentralized apps, and much more. Blockchain platforms like Ethereum and Tron are on constant vigil to develop features that not only improve the network but let other developers explore, design and create new and creative applications.

The Tron Team released a development kit specifically designed to work on the platform on October 9. The new release enables the developers to access different tools to develop their solutions such as the TronBox, the TronStudio, the TronGrid, and the TronWeb. Fueled by these tools, programmers can easily create content, decentralized applications, smart contracts and many other things on the Tron blockchain.

Tron’s Journey

While the platform has a native token, coined as Tronix (TRX), the key is not to develop this coin. Tron network aims to use blockchain technology and decentralize the web, enabling content creators to not be compulsorily related to centralized companies in order to offer their creations.

Tron has launched over a year ago and the past month the platform observed various important milestones. TRX has evolved as one of the top 10 most valuable cryptocurrencies in the market. The company also went on to acquire BitTorrent, one of the most important content-sharing platforms all over the world.

A few months ago, Tron shifted from the Ethereum’s network, to launch its own network. Around the same time, the platform released its native virtual machine to make it easier for developers to implement their solutions on Tron’s network.

To keep its promise made to the developers of improving the network, Tron seems to be working extremely hard day after day. The network does not necessitate programmers to learn a new programming language as it supports one of the most popular programming languages all over the world, Java.

The new developing kit is free to use and open source for all interested parties. A few days back Justin Sun, the founder and CEO of Tron. claimed that the network will be 200 times faster than Ethereum and 100 times cheaper than EOS, making it a very advanced blockchain in the market.

At the moment of writing, Tron is the 11th most valuable cryptocurrency with a market capitalization of $1.65 billion dollars. Each token can be bought for $0.0251 dollars, according to the data from CoinMarketCap.

Read more: TRON (TRX) Hits A Third of Ethereum’s Daily Transactions

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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